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Viaderma Inc (OTCMKTS:VDRM) Provides Update On Its Flagship Product Vitastem; Signs $250,000 Agreement With Vage Nigeria Ltd.

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Viaderma Inc (OTCMKTS:VDRM), a publicly traded specialty pharmaceutical company recently announced an update on the sales of its flagship product Vitastem. Also, the company reported that it has signed a $250,000 initial sales agreement with a brand support company, Vage Nigeria Ltd. The company specializing in product sourcing will pay 50% deposit to the American company after Vitastem’s registration with the National Agency for Food and Drug Administration and Control (NAFDAC) is complete which may take minimum 30 days.

NAFDAC of Nigeria is equivalent to FDA of the U.S. Vage Nigeria will pay the balance amount once it receives the ViaDerma product delivery in 8 to 10 weeks.

VDRM Expecting More Orders From Vage

The President of ViaDerma, Dr. Christopher Otiko said, “We are very pleased to be working together with Vage and their CEO, Kunle Craig to provide Vitastem to the people of Nigeria. This is only the first of many orders we expect to receive from Vage going forward.” The CEO of Vage Nigeria Ltd., Kunle Craig appreciated Vitastem saying that the product has exceeded their expectations during testing. Craig further added that all the results and feedback his company has received for Vitastem until now are 100% positive with the infections clearing up in just 3 days and the leg burns showing remarkable improvement within a day of application. The CEO of Vage concluded Vitastem is a revolutionary product.

ViaDerma To Increase Product Production

The Californian Company recently provided an update on sales of Vitastem. Currently, the product can be bought on the internet through Amazon.com, Inc.(NASDAQ:AMZN) and Vitastem.net. The sales of Vitastem.net have gone beyond 500 units per months even before the start of its advertising campaign. That is why the company has decided to increase the production of Vitastem to meet the demand from the consumers which is guaranteed to increase once the company announce its official launch and start marketing it.

Elixr CBD products from ViaDerma showed a successful initial test run of 1000 units’ sale in Canada and now the product is completely sold out due to huge demand. According to ViaDerma, the company is also planning to introduce several more products that are in various stages of development and marketing and details of which will be revealed in the 2017 annual report.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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