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M Pharmaceutical Inc set to expand portfolio with infertility treatment

Thursday, October 6, 2016 6:21
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(Before It's News)

M Pharmaceutical Inc (CNQ:MQ) has moved into women’s health and is set to buy an innovative natural infertility treatment.

It is to buy the FDA approved treatment via the acquisition of private pharma group  ToConceive LLC.

The average cost of IVF Treatment in the US is $13,000, while three months of this treatment is $120.

Chief executive of M Pharma Brian Keane told investors: “This acquisition is our entry into the women’s health market to complement our existing obesity portfolio.

“We are confident this product presents a potential breakthrough in the women’s health space due to its ease of use as a personal lubricant and its effectiveness, both clinically and from a cost standpoint.”

The  purchase is subject to further due diligence and stock exchange approval, and would see M Pharma issue 20 million shares and agree to pay a 5% royalty on sales.

The product is applied on the outside of a woman’s genitalia and stimulates a natural self-produced lubrication and balances the pH to help the  sperm to survive.

It also gives the sperm the ability, or capacity, to fertilise the ovum for conception -  an important process called sperm capacitation.

In addition to its recent acquisition of C-103, a reformulation of orlistat from Chelatexx, M Pharma will focus on the development of its Trimeo capsules, temporary controllable pseudobezoars for non-invasive gastric volume reduction for the treatment of obesity, for which it has exclusive rights.

Story by ProactiveInvestors

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