IMUN .04 - HUGE gains possible. This pr from May 22 explains what's coming. The 2 recent hires hints it's very near go time.
Immune Therapeutics Announces NAFDAC Approval of Lodonal™ for the Treatment of HIV in Nigeria
May 22, 2017
OTC Disclosure & News Service
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Highlights:
National Agency for Food and Drug Administration and Control (“NAFDAC”) approval paves way for Immune Therapeutics’ first significant revenue channel
Immune Therapeutics’ goal to capture 20% share of Nigeria’s billion-dollar HIV/AIDS treatment market
Lodonal to represent a significant “breakthrough” as the first affordable, non-toxic adjunct therapy for HIV/AIDS
Company expected to strengthen management team to spearhead commercialization throughout Africa
With initial contracts expected shortly, company on-track to meet guidance of achieving profitability by end of current fiscal year
ORLANDO, Fla., May 22, 2017 (GLOBE NEWSWIRE) -- Immune Therapeutics, Inc. (OTCQB:IMUN), a specialty pharmaceutical company focused on developing and commercializing its novel patented, affordable, non-toxic therapy for the treatment of cancer, HIV, autoimmune disease, and other inflammatory conditions, today announced that it has received NAFDAC (National Agency for Food and Drug Administration and Control) approval to market and distribute LodonalTM, the Company’s breakthrough treatment for HIV/AIDS in Nigeria. The Company and its strategic partners plan to immediately initiate sales activities of this first-to-market opportunity.
The approval is for a one-day Immune System Regulator for the management of HIV/AIDS, which is based on the results of the Company’s 90-Day bridging trial in Nigeria that resulted in a 44% increase in CD4 Count versus an 11% increase for standard of care patients. Additionally, there was a reduction in opportunistic infections plus several Phase II multi-center, randomized studies that demonstrated improvements for patients treated with Lodonal when compared to placebo or standard of care.
"Receiving regulatory approval from one of Africa’s most stringent regulatory bodies is a resounding endorsement for Lodonal, Immune Therapeutics’ breakthrough therapy for patients with life-threatening diseases such as HIV/AIDS,” said Noreen Griffin, Chief Executive Officer of Immune Therapeutics, Inc. “We thank our partners in Africa – our exclusive agent, GB Pharma Holdings and AHAR Pharma Limited – for working with Immune Therapeutics to achieve this critical and exciting milestone and look forward to their ongoing support and guidance as we prepare to enter into commercialization.”
Dr. Gloria B. Herndon, President and CEO of GB Pharma Holdings, noted at the annual Global Health Catalyst Summit at Harvard Medical School, “GB Pharma believes in the importance of introducing a non-toxic, innovative and medically viable solution within a country’s national health policy and believes that it is imperative to develop treatments that can improve immunological function and offset the toxic side effects of antiviral therapies. We believe that Lodonal can be that therapy and look forward to supporting Immune Therapeutics as it launches its highly-anticipated commercialization plan beginning with Nigeria,” concluded Dr. Herndon.
Ms. Griffin continued, “The Company believes NAFDAC’s approval of Lodonal in Nigeria will also open the doors to over a dozen other African Nations in dire need for an affordable and effective non-toxic therapy to improve the quality of life of those infected with HIV/AIDS.” According to Medecins Sans Frontieres (MSF), access to antiretroviral (ART) drugs is extremely limited in Western and Central Africa, with only one in four adults and one in ten children living with HIV having access to proper treatment, compared to almost half of HIV patients in Eastern and Southern Africa. We expect that Lodonal will help fill that gap given its affordability and safety profile.”
Immune Therapeutics’ Goal is to Capture at Least 20% of Nigeria’s Addressable Billion Dollar Market for the Treatment of HIV/AIDS Within 12-18 Months with Lodonal, its Blockbuster Immunotherapy
“We believe that Lodonal has the potential to become the first affordable non-toxic adjunct therapy that can also offset the side-effects of ART therapy for patients suffering from HIV/AIDS. The goal of Immune Therapeutics and its partners, GB Pharma and AHAR Pharma, is to improve the quality of life for patients suffering from chronic, and at times life-threatening diseases, by providing proven and breakthrough therapies such as Lodonal,” noted Dr. Richards Afonja, President and Chief Executive Officer of AHAR Pharma.
“The potential market for Lodonal is significant in Nigeria. It is estimated that upwards of 3.2% of the country’s 180 million population is now living with HIV/AIDS, making it the second highest HIV/AIDS population in the world. HIV has become a chronic illness, rather than a death sentence so the need for therapies that can offset the toxic side effects of ART treatment or delay the need for ART therapy is critical. This can be done by improving the immune system by increasing a patient’s CD4 count and decreasing opportunistic infections - - two of the greatest benefits of Lodonal. We strongly believe that Lodonal stands to dramatically increase a patient’s quality of life, reduce their overall healthcare costs, increase a nation’s economic productivity - - all of which could save millions if not billions of dollars in wasteful spending that could be redirected towards other needs,” noted Ms. Griffin.
Immune Therapeutics On-Track to Achieve Profitability by End of 2017
“With Immune Therapeutics’ recently announced debt restructuring, the company is well positioned to move forward with its business plan, which calls for a significant ramp-up in revenues and achievement of profitability by the end of the fourth quarter. In addition to Nigeria, the company expects to obtain regulatory approvals in Kenya, Senegal, and Cote d’Ivoire by the fourth quarter of 2017 or early in 2018. We are very proud of the many achievements this company has made over the past several years and look forward to updating our shareholders in the coming weeks on our commercialization strategy followed by the announcement of initial contracts,” concluded Ms. Griffin.
Immune Therapeutics Announces NAFDAC Approval of Lodonal™ for the Treatment of HIV in Nigeria
May 22, 2017
OTC Disclosure & News Service
-
Highlights:
National Agency for Food and Drug Administration and Control (“NAFDAC”) approval paves way for Immune Therapeutics’ first significant revenue channel
Immune Therapeutics’ goal to capture 20% share of Nigeria’s billion-dollar HIV/AIDS treatment market
Lodonal to represent a significant “breakthrough” as the first affordable, non-toxic adjunct therapy for HIV/AIDS
Company expected to strengthen management team to spearhead commercialization throughout Africa
With initial contracts expected shortly, company on-track to meet guidance of achieving profitability by end of current fiscal year
ORLANDO, Fla., May 22, 2017 (GLOBE NEWSWIRE) -- Immune Therapeutics, Inc. (OTCQB:IMUN), a specialty pharmaceutical company focused on developing and commercializing its novel patented, affordable, non-toxic therapy for the treatment of cancer, HIV, autoimmune disease, and other inflammatory conditions, today announced that it has received NAFDAC (National Agency for Food and Drug Administration and Control) approval to market and distribute LodonalTM, the Company’s breakthrough treatment for HIV/AIDS in Nigeria. The Company and its strategic partners plan to immediately initiate sales activities of this first-to-market opportunity.
The approval is for a one-day Immune System Regulator for the management of HIV/AIDS, which is based on the results of the Company’s 90-Day bridging trial in Nigeria that resulted in a 44% increase in CD4 Count versus an 11% increase for standard of care patients. Additionally, there was a reduction in opportunistic infections plus several Phase II multi-center, randomized studies that demonstrated improvements for patients treated with Lodonal when compared to placebo or standard of care.
"Receiving regulatory approval from one of Africa’s most stringent regulatory bodies is a resounding endorsement for Lodonal, Immune Therapeutics’ breakthrough therapy for patients with life-threatening diseases such as HIV/AIDS,” said Noreen Griffin, Chief Executive Officer of Immune Therapeutics, Inc. “We thank our partners in Africa – our exclusive agent, GB Pharma Holdings and AHAR Pharma Limited – for working with Immune Therapeutics to achieve this critical and exciting milestone and look forward to their ongoing support and guidance as we prepare to enter into commercialization.”
Dr. Gloria B. Herndon, President and CEO of GB Pharma Holdings, noted at the annual Global Health Catalyst Summit at Harvard Medical School, “GB Pharma believes in the importance of introducing a non-toxic, innovative and medically viable solution within a country’s national health policy and believes that it is imperative to develop treatments that can improve immunological function and offset the toxic side effects of antiviral therapies. We believe that Lodonal can be that therapy and look forward to supporting Immune Therapeutics as it launches its highly-anticipated commercialization plan beginning with Nigeria,” concluded Dr. Herndon.
Ms. Griffin continued, “The Company believes NAFDAC’s approval of Lodonal in Nigeria will also open the doors to over a dozen other African Nations in dire need for an affordable and effective non-toxic therapy to improve the quality of life of those infected with HIV/AIDS.” According to Medecins Sans Frontieres (MSF), access to antiretroviral (ART) drugs is extremely limited in Western and Central Africa, with only one in four adults and one in ten children living with HIV having access to proper treatment, compared to almost half of HIV patients in Eastern and Southern Africa. We expect that Lodonal will help fill that gap given its affordability and safety profile.”
Immune Therapeutics’ Goal is to Capture at Least 20% of Nigeria’s Addressable Billion Dollar Market for the Treatment of HIV/AIDS Within 12-18 Months with Lodonal, its Blockbuster Immunotherapy
“We believe that Lodonal has the potential to become the first affordable non-toxic adjunct therapy that can also offset the side-effects of ART therapy for patients suffering from HIV/AIDS. The goal of Immune Therapeutics and its partners, GB Pharma and AHAR Pharma, is to improve the quality of life for patients suffering from chronic, and at times life-threatening diseases, by providing proven and breakthrough therapies such as Lodonal,” noted Dr. Richards Afonja, President and Chief Executive Officer of AHAR Pharma.
“The potential market for Lodonal is significant in Nigeria. It is estimated that upwards of 3.2% of the country’s 180 million population is now living with HIV/AIDS, making it the second highest HIV/AIDS population in the world. HIV has become a chronic illness, rather than a death sentence so the need for therapies that can offset the toxic side effects of ART treatment or delay the need for ART therapy is critical. This can be done by improving the immune system by increasing a patient’s CD4 count and decreasing opportunistic infections - - two of the greatest benefits of Lodonal. We strongly believe that Lodonal stands to dramatically increase a patient’s quality of life, reduce their overall healthcare costs, increase a nation’s economic productivity - - all of which could save millions if not billions of dollars in wasteful spending that could be redirected towards other needs,” noted Ms. Griffin.
Immune Therapeutics On-Track to Achieve Profitability by End of 2017
“With Immune Therapeutics’ recently announced debt restructuring, the company is well positioned to move forward with its business plan, which calls for a significant ramp-up in revenues and achievement of profitability by the end of the fourth quarter. In addition to Nigeria, the company expects to obtain regulatory approvals in Kenya, Senegal, and Cote d’Ivoire by the fourth quarter of 2017 or early in 2018. We are very proud of the many achievements this company has made over the past several years and look forward to updating our shareholders in the coming weeks on our commercialization strategy followed by the announcement of initial contracts,” concluded Ms. Griffin.
