Ad ID: 84564
Nutraceutical Products Business for Sale Auckland
Nutraceutical Products - IP Rights - Worldwide Appeal
Business for Sale Description
Nutraceutical Products Business for Sale AucklandExpressions of interest are being sought for the IP Rights of this well researched and proven compound/products: Lyproxea is the active ingredient and has been formulated into two products (IBSACOL & ECZACOL), designed to ease suffering from painful inflammatory conditions in adults and children.
The product has been sold for more than 15 years, without significant promotion through a website to clients located in many different countries including NZ, Australia, USA, Canada, UK and elsewhere.
Annual sales over the past few years have been small (solely undertaken to obtain data and market feedback) as the company intentionally reduced the web sales activity while they were working through approval of the product as a Prescription Drug with the US Food & Drug Administration (US FDA). The Company felt it was important that the supplement products had a low profile while working through the regulatory process. The Investigational New Drug Application dossier (IND) is open with the USFDA and the first phase of clinical studies is complete with a total amount invested of circa US$10M to date.
Subsequently the company was unable to raise the required US$15M+ to complete further phases and clinical trials and the IND process has been discontinued due to lack of funding.
A decision has been taken by the Directors of the company to offer the complete package with IP, patents, formulae, website, existing stock, historic studies, etc. to an online nutraceutical product entity that can leverage the strong safety and efficacy data that has been proven over a number of years and that has the experience required to take full advantage of this opportunity.
Expressions of Interest by 8th July 2019 unless sold prior.
Minimum Price expectations: NZ$500,000.
Strictly confidential - all interested parties must be approved by the vendor before Paolo can release further information. Please visit www.barkerbusiness.co.nz/BBS2518 to submit the online Confidentiality Agreement.
Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2019.
Interested In This Opportunity?