PLANTATION, FL - (BUSINESS WIRE) Nutra Pharma Corp. (OTCBB: NPHC), a biotechnology company that is
developing treatments for Adrenomyeloneuropathy (AMN), HIV and Multiple
Sclerosis (MS), has announced today that sales of its recently launched over-the-counter
pain reliever, Cobroxin,
totaled $583,955 for the fourth quarter ending December 31, 2009.
“We were extremely pleased with our fourth quarter Cobroxin
sales, especially given its initial limited retail availability”
“We were extremely pleased with our fourth quarter Cobroxin
sales, especially given its initial limited retail availability,”
explained Rik
J Deitsch, Chairman and CEO of Nutra
Pharma Corporation. “With the positive feedback we have received
from Cobroxin consumers and retailers, we remain optimistic about
the future growth of Cobroxin as we move into 2010,” he added.
Cobroxin
is the first over-the-counter (OTC) pain reliever clinically
proven to treat moderate to severe (Stage 2) chronic pain. The
drug, which began selling in mid-October 2009, is currently available as
an oral spray for treating lower back pain, migraines, neck
aches, shoulder pain, cramps and neuralgia and as a topical gel for
treating joint pain and pain associated with repetitive stress and
arthritis.
Cobroxin’s additional benefits include:
-
All Natural
-
Non-Addictive
-
Non-Narcotic
-
Non-Opiate
-
Long Lasting
Cobroxin
is currently sold online and through brick-and-mortar retailers and is
distributed by XenaCare Holdings (OTCBB: XCHO), a consumer products
company, which is licensed to market and distribute Cobroxin throughout
the United States.
About Nutra Pharma Corp.
Nutra Pharma Corporation (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.
http://www.NutraPharma.com
http://www.Cobroxin.com
Disclaimer
This press release contains forward-looking statements. The words or
phrases "would be," "will allow," "intends to," "will likely result,"
"are expected to," "will continue," "is anticipated," "estimate,"
"project," or similar expressions are intended to identify
"forward-looking statements." Actual results could differ materially
from those projected in Nutra Pharma's ("the Company") business plan.
The Company's business is subject to various risks, which are discussed
in the Company's filings with the Securities and Exchange Commission
("SEC"). The above statements pertaining to Cobroxin
sales for the fourth quarter of 2009 should not be construed as an
indication in any way whatsoever of: (a) the Company’s financial value;
and/or (b) any predictive value of the Company’s future stock
price. The Company's filings may be accessed at the SEC's Edgar
system at www.sec.gov.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company
cautions readers not to place reliance on such statements. Unless
otherwise required by applicable law, we do not undertake, and we
specifically disclaim any obligation, to update any forward-looking
statements to reflect occurrences, developments, unanticipated events or
circumstances after the date of such statement.
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