I don't necessarily think it justified a TH, but good announcement nonetheless. Some good pointers here:
• Distribution in Brazil will be through MGC Pharma’s existing agreement with ONIX Empreendimentos e Participações (“Onix”, a Brazilian based company that assists companies in conducting business within the region
• Initial import permit already received from Anvisa, the National Health Surveillance Agency in Brazil, along with an initial purchase order from first prescriptions issued in Brazil
• First MGC Pharma product shipment to be despatched in early December to Brazil
Further revenue imminent.
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- Ann: Binding Term Sheet to Immediately Expand into Latin America
Ann: Binding Term Sheet to Immediately Expand into Latin America, page-4
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