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Easton Pharmaceuticals Inc (OTCMKTS:EAPH) Appoints Dr. Daniel Bagi, MD To The Board Of Directors

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Easton Pharmaceuticals Inc (OTCMKTS:EAPH) announced recently that it has appointed Dr. Daniel Bagi, M.D. as the Director, President of Business Development Unit of the company. Dr. Bagi brings on board over 27 years of international experience as a physician in the industry and particularly on global business development and licensing. He has supervised more than 15 international clinical trials and he has specialized on the oncology and women’s health products.

The company has also announced that it’s in the process of transferring its licensed woman’s diagnostic and other treatment products to a partner company in a form of alliance joint venture partnership. Easton and its partner BMV Medica also announced a sub-distribution agreement with another firm BAYER for its VS-Sense products for distribution in the regions within Mexico. The contract is expected to commence in the fourth quarter of the year. Easton is also negotiating with BMV Medica SA to obtain full ownership of the company.

VS-Sense is the new brand name of the Bacterial Vaginosis that was licensed and launched by Bayer Pharmaceuticals in late 2015 under the brand, Canestest in Europe. Easton/BMV have three products that were launched previously with its sub-distribution partner,Gedeon Richter Plc, and Gynofit from Mexico. Furthermore, its Windsor Pharmaceuticals in Panama announced that it has received approval for all products that have remained pending for quite some time.

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With key management addition of Dr. Bagi, Easton is set for greater achievements this year since Dr. Bagi is quite influential in helping the company secure the sub-licensing agreements for both Amnio-Sense and Gynofit products with Gedeon Richter Plc in Hungary. The presence of Dr. Bagi will also help the company to design and complete its key offshore licensing and distribution contracts that have thwarted the commercialization efforts.

Dr. Bagi replaces Carla Pepe who left the firm recently. He will work with Mr. Luigi Gentile, John Guerra, Evan Karras, Robert Vivacque and other members of the board of the company.

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