June 10, 2010 - Nutra Pharma has selected Grupo Farmacéutico de Tijuana to serve as the exclusive distributor in Mexico for its Nyloxin-branded pain relievers.
Nutra Pharma Corp. (OTCBB:NPHC), a biotechnology company that is developing treatments for Adrenomyeloneuropathy (AMN), HIV and Multiple Sclerosis (MS), has announced today that Grupo Farmacéutico de Tijuana (GFT) has become the exclusive Mexican distributor for the Company’s Nyloxin-branded pain relievers, Nyloxin OTC and Nyloxin Rx.
“We are pleased to announce our partnership with GFT as our exclusive Nyloxin distributor in Mexico and our very first International partner,” explained Rik J Deitsch, Chairman and CEO of Nutra Pharma Corporation. “GFT is a highly regarded healthcare products distributor that can provide the resources and distribution capabilities needed to successfully launch Nyloxin throughout Mexico,” he concluded.
Grupo Farmacéutico de Tijuana (GFT), which was founded in 1955, currently operates two primary distribution facilities; one in Monterrey Nuevo Leon, to service Midwestern and southeastern Mexico and another in the city of Tijuana to service the northwest. In addition to distributing pharmaceutical products to large, national retailers, the Company also distributes to over 3,000 pharmacies throughout Mexico.
“We are excited about our partnership with Nutra Pharma to introduce Nyloxin to Mexico. Combining the product’s effectiveness with our distribution strategies will allow us to create a greater impact as we move forward with our launch,” commented Enrique A. Fajardo, Managing Director of Grupo Farmacéutico de Tijuana. “This alliance will be an opportunity for both of our companies to provide an all-natural pain management solution to the Mexican consumer,” he added.
In addition to partnering with GFT for Nyloxin distribution throughout Mexico, Nutra Pharma recently announced its agreement with leading healthcare products distributor, Henry Schein, for distribution of Nyloxin in the United States.
About Nutra Pharma Corp.
Nutra Pharma Corporation (OTCBB:NPHC) (the "Company") operates as a biotechnology company specializing in the acquisition, licensing, and commercialization of pharmaceutical products and technologies for the management of neurological disorders, cancer, autoimmune, and infectious diseases. The Company, through its subsidiaries, carries out basic drug discovery research and clinical development, and also seeks strategic licensing partnerships to reduce the risks associated with the drug development process. Nutra Pharma's wholly-owned drug discovery subsidiary, ReceptoPharm, is developing proprietary therapeutic protein products primarily for the prevention and treatment of viral and neurological diseases, including Multiple Sclerosis (MS), Adrenomyeloneuropathy (AMN), Human Immunodeficiency Virus (HIV), and pain in humans. Additionally, ReceptoPharm provides contract research services through its ISO class 5 and GMP certified facilities. The Company's wholly-owned medical devices subsidiary, Designer Diagnostics, engages in the research and development of diagnostic test kits designed to be used for the rapid identification of infectious diseases, such as Nontuberculous Mycobacteria (NTM). Nutra Pharma continues to identify intellectual property and companies in the biotechnology arena that it investigates about possibly acquiring or establish strategic partnerships with.
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