$NIKA Nika Pharmaceuticals, Inc. (NIKA) Progress Update
https://www.globenewswire.com/news-release/20...pdate.html
HENDERSON, Nev., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Nika Pharmaceuticals, Inc. (OTCQB: NIKA) appeared on The Street Reports podcast where CEO Dimitar Savov shared the progress the company has made thus far and outlined what is expected for 2026, which will be a crucial year for the company. You may listen to the podcast episode here.
Additionally, NIKA’s partner, Nika Europe, is finalizing the technical project for the pharmaceutical factory and expects to begin construction soon. Given that the factory is a “building within a building”, the build up time will be short and the factory is expected to be completed by the end of Q1, 2026. The production line equipment, for which $387,088 has already been paid, is in the final testing stages before it can be shipped for installation in the factory.
“Although the technical project has taken a bit longer to complete than initially expected, that is normal due to the myriads of technical details required to build a state-of-the-art pharmaceutical factory adhering to all GMP standards” explained Savov. “To explain the complexity in simple numerical terms, just the water for injections (WFI) system will cost nearly $ 500,000 pre-tax with the advanced HVAC system costing more than $ 1.1 million pre-tax,” continued Savov. “With the launch of the factory, NIKA will develop into a strong pharmaceutical project, bringing significant value to its shareholders,” concluded Savov.
https://www.globenewswire.com/news-release/20...pdate.html
HENDERSON, Nev., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Nika Pharmaceuticals, Inc. (OTCQB: NIKA) appeared on The Street Reports podcast where CEO Dimitar Savov shared the progress the company has made thus far and outlined what is expected for 2026, which will be a crucial year for the company. You may listen to the podcast episode here.
Additionally, NIKA’s partner, Nika Europe, is finalizing the technical project for the pharmaceutical factory and expects to begin construction soon. Given that the factory is a “building within a building”, the build up time will be short and the factory is expected to be completed by the end of Q1, 2026. The production line equipment, for which $387,088 has already been paid, is in the final testing stages before it can be shipped for installation in the factory.
“Although the technical project has taken a bit longer to complete than initially expected, that is normal due to the myriads of technical details required to build a state-of-the-art pharmaceutical factory adhering to all GMP standards” explained Savov. “To explain the complexity in simple numerical terms, just the water for injections (WFI) system will cost nearly $ 500,000 pre-tax with the advanced HVAC system costing more than $ 1.1 million pre-tax,” continued Savov. “With the launch of the factory, NIKA will develop into a strong pharmaceutical project, bringing significant value to its shareholders,” concluded Savov.
