Over recent months share price is moving in the right direction. (for me I am long)
I think it is going to continue its uptrend at a more rapid speed.
News Article
Appointment of distributor for HypoSalix
05/10/2006
London, UK, 5 October 2006: BioProgress plc ('BioProgress' or the 'Company') (AIM: BPRG; NASDAQ: BPRG), the speciality pharma and healthcare company, is pleased to announce a new distributor for its recently registered artificial saliva spray, HypoSalix.
DEM Pharmaceuticals in Istanbul, Turkey have been appointed BioProgress's official distributor of Hyposalix for Turkey. The agreement is managed through BioProgress"s French operation, Dexo SA. The terms of the agreement are not disclosed
Hyposalix is a medical device for the treatment of xerostomia, and a key element in the BioProgresss strategy of developing products for its Patient Supportive Care franchise.
Steve Martin, Chief Development Officer, BioProgress, said:
"The licensing of HypoSalix to a partner is a key milestone in BioProgresss commercialisation strategy of its products. HypoSalix has been recently registered and received a great deal of interest world wide. Turkey is an important and fast growing market and we believe that DEM Pharmaceuticals will be a solid partner in marketing our Patient Supportive Care franchise.
For further information:
BioProgress Plc + 44 (0) 20 7098 9881
Richard Trevillion, CEOSteve Martin, CDO
Buchanan Communications + 44 (0) 20 7466 5000
Rebecca Skye Dietrich/Mark Court
About BioProgress
BioProgress plc is an innovative specialty pharmaceutical and healthcare business based around its platform technologies in polymer and film systems. Listed on London's AIM in May 2003 and on US NASDAQ in October 2004, the company has over 80 patents granted or in application within 24 patent families and has product development agreements and strategic alliances with several global companies. As a virtually integrated business, BioProgress has acquired sales and marketing resources within Europe and the US as a launch mechanism for its own pharmaceutical products. The business continues to develop innovative delivery mechanisms using its XGEL polymer technology, replacing the need to use animal-derived gelatine in pharmaceutical and healthcare products. For further information please go to www.bioprogress.com
Forward-Looking Information.
The Ordinary Shares of BioProgress plc are registered under the US Securities and Exchange Act of 1934. To the extent that this announcement contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, this paragraph applies. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The forward-looking statements in this release include statements addressing future financial and operating results and the timing and benefits of the reorganisation. Detailed information about factors pertinent to the business of the company that could cause actual results to differ is set forth in the Company"s filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaim any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice. The distribution of the announcement and/or issue of securities in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe such restrictions.