Oculus Innovative Sciences, Inc. OCLS -0.62% a global healthcare company that designs, manufactures and markets prescription and non-prescription products in 33 countries, today announced the commercialization in Mexico of the first product under the Microdacyn60® Oral Care brand intended for use as an adjunct treatment in both mouth and throat infections. Commercialized under the brand name Microdacyn60™ Bucofaringeo™, it is now available in Mexican pharmacies. At the same time, the More Pharma sales team is introducing the treatment to general practitioners along with ear, nose and throat specialists throughout Mexico.
Guillermo Ibarra, More Pharma's CEO said, "With global concerns about the overuse and misuse of antibiotics in the treatment of pathogen-related infections, a safe and effective oral antiseptic such as Microdacyn60 Bucofaringeo™, which doesn't facilitate antibiotic resistance, is being well received by the Mexican healthcare community. In addition to Mexico, we are proactively assessing the opportunities for Microdacyn60 Bucofaringeo™ in other Latin American countries."
More Pharma intends to educate Mexican healthcare professionals on the benefits of Microdacyn60 Bucofaringeo™ while making it widely available in advance of the 2014 fall/winter cold and flu season.
Bruce Thornton, executive vice president of Oculus said: "Our Latin American partner, More Pharma, has certainly been fleet of foot in terms of moving this new oral and throat infection treatment from regulatory approval, just a few short months ago, into multiple distribution channels and pharmacies throughout Mexico today."
About More Pharma
Founded in 2007, More Pharma is a pharmaceutical company with strong growth performance and a team of more than 300 people. The company has a talented sales and marketing team with significant prior experience with large international pharmaceutical companies. They have ample funding and support by their renowned financial sponsors, Southern Cross Group and Evercore, both of which manage more than $1 billion of venture funds. The company is dedicated to finding solutions to healthcare challenges via product development, in-licensing and product acquisitions. With headquarters in Mexico City, More Pharma has a presence in Mexico, Latin America and the Caribbean. More information can be found atwww.morepharmacorp.com/eng/index.php .
About Oculus Innovative Sciences
Oculus Innovative Science is a global healthcare company that designs, manufactures and markets prescription and non-prescription products in 33 countries. The company's products are used to treat patients in surgical/advanced wound management, dermatology, women's health and animal health; addressing the unmet medical needs of these markets—while raising the standard of patient care and lowering overall healthcare costs. The company's headquarters are in Petaluma, California, with manufacturing operations in the United States and Latin America. More information can be found at www.oculusis.com .
Except for historical information herein, matters set forth in this press release are forward-looking within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements about the Company's commercial and technology progress and future financial performance. These forward-looking statements are identified by the use of words such as "growth," "expansion" and "build," among others. Forward-looking statements in this press release are subject to certain risks and uncertainties inherent in the Company's business that could cause actual results to vary, including such risks that regulatory clinical and guideline developments may change, scientific data may not be sufficient to meet regulatory standards or receipt of required regulatory clearances or approvals, clinical results may not be replicated in actual patient settings, protection offered by the Company's patents and patent applications may be challenged, invalidated or circumvented by its competitors, the available market for the Company's products will not be as large as expected, the Company's products will not be able to penetrate one or more targeted markets, revenues will not be sufficient to fund further development and clinical studies, the Company may not meet its future capital needs, and its ability to obtain additional funding, as well as uncertainties relative to varying product formulations and a multitude of diverse regulatory and marketing requirements in different countries and municipalities, and other risks detailed from time to time in the Company's filings with theSecurities and Exchange Commission including the annual report on Form 10-K for the year ended March 31, 2013. Oculus Innovative Sciences disclaims any obligation to update these forward-looking statements except as required by law.
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