NGMDF - NuGen Announces Repeat Order for Growing InsuJet(TM) Demand in Yemen
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that Rosheta for Medicines and Medical Supplies ("Rosheta"), NuGen's exclusive distributor in Yemen, has placed a second order to fulfill growing demand in the country.
The order includes 1,100 InsuJetTM units and associated consumables representing revenue of $147,000, and a gross margin contribution on the original sale of $102,900.
Rosheta received an order from its clients for 800 InsuJetTM units for the product's initial launch in Yemen in January 2024. Given the strong demand for needle-free injectors across the country, Rosheta is now pursuing a Yemen-wide marketing plan. The current order of 1,100 units (37.5% increase over the initial order) is required to replenish the pharmacies currently distributing InsuJet™ but also to support the nationwide distribution expansion.
NuGen's CEO, Ian Heynen commented: "Dr. Al-Shami and the Rosheta team are pursuing a strong clinical marketing strategy in Yemen. They are successfully influencing adoption by patients and the healthcare system at the pharmacy and physician level. I would like to congratulate Rosheta on deepening their market penetration and we look forward to continued growth together."
About NuGen:
NuGen is a leading developer of needle-free devices to administer therapeutics subcutaneously.
The Company is marketing and selling its next-generation InsuJet™ needle-free injection system designed to improve the lives of millions of diabetics.
InsuJet™ is approved for sale in 42 countries around the world.
For further information, please visit:
Websites: www.insujet.com, www.nugenmd.com
Instagram: @NuGenMD
Twitter: @NuGenMD
LinkedIn: https://www.linkedin.com/company/nugenmd/
For further information, please contact:
Tony Di Benedetto
Executive Chairman
(416) 791-9399
tony@nugenmd.com
Ian Heynen
CEO
(416) 560-1019
ian@nugenmd.com
To arrange a media interview with NuGen, please contact:
Morna Gorman
(416) 553-1732
morna@nugenmd.com
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