Fero Industries Receives Certification for Import of Sucanon Pre-Mix to Mexico and Makes First Product Shipment
CALGARY, Alberta –(BUSINESS WIRE)– Fero Industries, Inc. (FROI – OTCBB – OTCQB) (the Company) is pleased to announce that it has received certification from of the office of the Department of Health for Mexico (Secretaria de Salud) allowing for the importation of pre-mixed raw Sucanon into Mexico for final tabletization and packaging.
“The importation of pre-mixed and unpackaged Sucanon formula directly into Mexico represents a significant advancement for our Company,” said Mr. Kyle Schlosser , President and CEO of Fero Industries . “Manufacturing Sucanon in Canada for final tabletization and packaging in Mexico allows us to maintain strict product control while avoiding several potential import/export related delays. This ensures our ability to fulfill our current Mexico distribution contract with Merck S.A. and support expanding global sales efforts.”
Initial shipments of pre-mixed Sucanon from Canada have already commenced, totaling five (5) containers – the equivalent of 6,000,000 tablets or 100,000 one-month patient supplies. Merck S.A. de C.V. has committed a team of over 200 drug sales representatives to a nationwide campaign to increase awareness and acceptance of Sucanon within the medical and patient communities in Mexico as a safe and effective Type II diabetes remedy. Commercial launch and sales of Sucanon in Mexico are expected to commence in early January 2011 .