Nuance Pharma Boosts Bentrio Availability Across Asia Regions

Nuance Pharma Expands Bentrio Nasal Spray Distribution

Nuance Pharma is making significant strides by extending its exclusive license and distribution agreement with Altamira Medica Ltd. Now, the agreement covers an additional seven countries in East and South East Asia. This update, shared by Altamira Therapeutics Ltd. (NASDAQ: CYTO), the parent company, highlights the ongoing commitment to improve public health across a broad region.

New Markets for Bentrio Nasal Spray

The expanded territory now incorporates Singapore, Malaysia, Thailand, the Philippines, Indonesia, Vietnam, and Taiwan, which collectively have a population of over 630 million. This growth comes on the heels of a successful product launch in Hong Kong and a recent submission for marketing approval in Mainland China.

Key Features of Bentrio

Bentrio is distinguished as a drug-free nasal spray aimed at safeguarding against airborne allergens and certain airborne viruses. The product’s unique formulation creates a protective gel layer on the nasal mucosa, effectively helping to minimize exposure to airborne particles, making it a valuable option for individuals susceptible to allergies.

Leadership Perspectives

Thomas Meyer, Chairman and CEO of Altamira Medica, has shared his enthusiasm for collaborating with Nuance Pharma. He emphasized the positive response received during the Hong Kong launch and expressed optimism about making Bentrio accessible in the new markets. Mark G. Lotter, CEO of Nuance Pharma, praised Bentrio for its immediate onset of protection, prolonged effectiveness, and excellent tolerability owing to its preservative-free and drug-free composition, traits that healthcare professionals and consumers alike appreciate.

Clinical Efficacy

Clinical studies, particularly the NASAR study, have demonstrated the efficacy and safety of Bentrio against seasonal allergic rhinitis. This study involved 100 participants, showcasing a statistically significant reduction in allergy symptoms and an enhancement in overall quality of life among users of Bentrio compared to a saline nasal spray control group.

Advancements in Biopharmaceuticals

Altamira Therapeutics holds a 49% stake in Altamira Medica and is actively working on developing RNA delivery technologies. The company is also exploring promising preclinical siRNA programs aimed at treating cancer and rheumatoid arthritis, showcasing its commitment to addressing critical health challenges.

Recent Developments

Additionally, Altamira Therapeutics recently announced an expansion of the distribution agreement for Bentrio nasal spray to include markets such as Sweden and Denmark, following a successful entry into Norway. The Bentrio nasal spray has achieved World Anti-Doping Agency approval, paving the way for its launch in these new regions in partnership with Pharma Nordic AS.

Innovative Technology and Financial Insights

Innovations at Altamira Therapeutics include advancements through its novel SemaPhore™ nanoparticle technology. This technology has shown potential for treating conditions like abdominal aortic aneurysm (AAA) in animal studies. Furthermore, the company’s AM-125 nasal spray formulation of betahistine has emerged as a promising treatment for patients suffering from residual dizziness due to benign paroxysmal positional vertigo.

Focused on RNA Technologies

The company has made notable progress in stabilizing RNA nanoparticles, which are crucial for the transport and handling of RNA formulations. Altamira has also reported a reduction in its operating expenses, resulting in a better financial outlook as it concentrates on advancing RNA delivery technologies and its proprietary drug development programs.

Investor Insights

As Altamira Therapeutics Ltd. (NASDAQ: CYTO) continues to broaden its market presence in Asia, it’s vital for investors to look at the financial indicators and stock performance. Recent data indicates that CYTO has more cash than debt, a possible sign of financial health that may shield against market fluctuations.

Market Performance

The current trading landscape shows that the company is valued with a low Price/Book multiple of 0.29 as per the last twelve months' data. This situation suggests that CYTO’s stock might be undervalued when compared to its book value, creating a possible investment opportunity.

Challenges and Considerations

However, investors should be cautious as Altamira Therapeutics has encountered profitability challenges. Over the past year, the company reported an adjusted operating loss of -7.03 million USD, with a return on assets of -55.29%. Furthermore, the stock has seen considerable price fluctuations, including an 84.15% total return decline over the past year. Hence, while prospects appear promising, investors need to be prepared for volatility.

Frequently Asked Questions

What is Bentrio nasal spray?

Bentrio is a drug-free nasal spray designed to protect against airborne allergens and certain viruses, creating a protective gel layer in the nasal mucosa.

Which countries are included in Nuance Pharma's expanded agreement?

Nuance Pharma's agreement now includes Singapore, Malaysia, Thailand, Philippines, Indonesia, Vietnam, and Taiwan.

What is the significance of the NASAR study?

The NASAR study demonstrated the efficacy of Bentrio in reducing allergy symptoms and improving quality of life for users compared to a saline nasal spray control.

How does Altamira Therapeutics diversify its portfolio?

Altamira Therapeutics is developing RNA delivery technologies and has promising programs for cancer and rheumatoid arthritis treatment.

What financial indicators should investors consider for CYTO?

Investors should note that CYTO holds more cash than debt and is currently trading at a low Price/Book multiple, indicating potential investment value amidst profitability challenges.

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