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Viaderma Inc (OTCMKTS:VDRM) Signs Initial Sales Contract With Vage Nigeria Ltd

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Viaderma Inc (OTCMKTS:VDRM) has announced that it has signed a $250,000 initial sales contract with Vage Nigeria Ltd to expand its Vitastem products and services to the residents of Nigeria. The terms of the agreement stipulate that Vage will deposit 50% of the agreed amount to ViaDerma once the ongoing registration of Vitastem with the National Agency for Food and Drug Administration and Control (NAFDAC) in Nigeria is complete. The process takes about one month to be complete.

Vage is also expected to pay the remaining balance when receiving the product within 8-10 weeks. According to Dr. Christopher Otiko President of ViaDerma, the company is planning to increase its production efforts to meet its sales demands.

Based on the GlobalData Healthcare, the wound care management market has rapidly grown and ViaDerma anticipates generating revenues of $250,000 in the second quarter of the year. The company also expects to report best financial results this year compared to the last year’s performance.

Vitastem Ointment For Wound Management

According to Kunle Craig CEO at Vage Nigeria Ltd, Vitastem is a fantastic ointment that has passed the firm’s expectations during the testing and that positive feedback has been received from clients that have used the product. For instance, most users of the product have reported that wound and skin infections have disappeared within three days and that leg burns are cleared with 24 hours of application.

Last month, ViaDerma provided a detailed update on the Vitastem product. The company has a huge team of experts including the skilled foot and ankle surgeons, infectious disease specialists, podiatrists, wound care nurses at clinics, and much more. The firm has adopted a comprehensive approach that uses Vitastem topical antibiotic formula to treat all wounds and especially the chronic ones.

Vitastem ointment is generally sold online via its own platform and Amazon. The firm is looking forward to increase production to meet and exceed the growing demand for the product. In addition, ViaDerma is planning to increase the product orders and it’s in discussion with the Canadian representative to increase the sales in the region.

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