Solagran Limited (ASX:SLA) Announce Approval Of ROPREN for Sale In RussiaWednesday March 19 11:45 AMSolagran's manufacturing partner Galenopharm is now free to commence production of Ropren for sale throughout Russia. Solagran is hopeful that initial production volumes will be sufficient to meet the needs of the main population centres of Moscow and St Petersburg. Solagran will now turn its attention to ensuring that it is in a position to respond effectively to the significant world wide interest in this product. A plant containing the world's first commercial polyprenols production facility is due to be opened by the Governor of the Tomsk Region, Mr Victor Kress, at 3.00pm tomorrow local time. When operating at full capacity, this facility will generate sufficient polyprenols (Bioeffective R) to produce 50-60,000 courses of Ropren per annum. Coming together in the same week, these two events constitute a really major milestone for the company. They mark the beginning of Solagran's transition from a research-focussed biotechnology company into an important player in the international natural pharmaceuticals market. The Russian pharmaceutical registration process is structured in such a way that approval of a new prescription medicine should take 6-7 years after the successful completion of phased clinical trials. Ropren has passed the entire regulatory approval process in just 4 years and 1 month from the receipt of Ministry of Health approval to conduct clinical trials in February 2004. This is an outstanding achievement, and a testament to both the efficacy and the safety of Ropren. About SOLAGRAN LIMITED: Solagran is a biotechnology company with a portfolio of higly effective, low side effect, natural pharmaceuticals that it obtains from gree tree foliage. Its patented technology enables the extraction of the live elements of trees in a way that both preserves and amplifies their biological activity. Contact: Denis Kilroy Executive Director Solagran Limited Email: Denis.Kilroy@solagran.com Phone: +61 3 9820 2699 Fax: +61 3 9820 3155 Mobile: +61 411 222 844 Web: www.solagran.com Source: SOLAGRAN LIMITED Copyright (C) 2008 ABN Newswire. All rights reserved. |
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