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According to the Canadian Diabetes Association, more than two million Canadians have
diabetes. By the end of the decade, this number is expected to rise to three million.
(http://www.diabetes.ca/section_about/prevalence.asp). Diabetes Neuropathy occurs
when high blood sugar levels damage nerves, producing symptoms in approximately
40% of diabetics. Mostly it affects the hands and feet, with symptoms of numbness,
tingling and pain, but can include burning and cold sensations. Shingles (Herpes Zoster)
can leave lasting and painful nerve damage at the site of outbreak
By securing distribution and making it easier for Canadian consumers to buy Neuragen,
Origin has set their sites on the US, where the target market is ten times the size.
According to the American Diabetes Association, “20.8 million children and adults in the
United States, or 7% of the population, have diabetes. While an estimated 14.6 million
have been diagnosed, unfortunately, 6.2 million people (or nearly one-third) are unaware
that they have the disease.” (http://www.diabetes.org/about-diabetes.jsp)
Cervelli went on to point out that the company contracted Bob Berman, a 30 year
industry veteran and past Vice President of USA Drug and Mays Drug to help the
company navigate through the US Chain Drug Industry.
Cervelli states, “Mr. Berman knowledge of the market and solid relationships with key
people at Kerr Drug and USA Drug gave us immediate credibility and opened their doors
in a matter of weeks, rather than the norm of 6 to 12 months.”
Reached at his office in Tulsa, Oklahoma, Berman says, “I was introduced to Bob and
Wayne at the National Association of Chain Drug Stores in San Diego this past August
and decided to join Origin BioMed due their unique products and the tremendous
progress they have made in such a short time.”
With deals signed at both Kerr and USA, Origin anticipates the start of a pilot campaign
by the first quarter of 2007. Miller concludes, “After successfully building a track record
of positive performance at Kerr and USA, we will develop an entry strategy for CVS, and
Walgreens.”
About Origin BioMed
Origin BioMed Inc., Halifax, Canada, is an innovative biotechnology company currently
expanding the markets for its exclusive therapeutic skin, lip care and supplement
products. www.originbiomed.com
About Kerr Drugs
Kerr Drug is taking the vision of community pharmacy farther than any other drug chain.
The company has placed its future on its unique ability to provide patients, the medical
community, and health plan sponsors, access to the most comprehensive and
convenient health and wellness offering in the industry.
About USA Drug
USA Drug pharmacies are designed to handle large numbers of customers while
providing a down home, friendly atmosphere. USA Drug strives to maintain a
continuously evolving retail format to better provide our customers the best products and
services at the lowest prices.
About Shoppers Drug Mart
Built on a foundation of professional expertise and personal service, Shoppers Drug
Mart has been meeting Canadian’s health care needs for over 40 years. What was once
a small pharmacy in Toronto has grown into an organization of over 1000 stores from
coast to coast, becoming an indelible part of the lives of Canadians, young and old.
About London Drugs
London Drugs is 100% Canadian owned and is focused on local customers' satisfaction.
Across Alberta, Saskatchewan, Manitoba and British Columbia, London Drugs' 64 stores
employ more than 6000 staff dedicated to providing our customers with a superior
shopping experience.
About Katz Group
The Katz Group is one of North America's leading drug store operators with over 1,800
drug stores in Canada and the United States.
About Pharmasave
At Pharmasave we recognize your proactive role in managing your family's health and
we are here to help body, mind and spirit.
About Lawtons
Lawtons Drug Stores is part of Sobeys Inc., a leading national grocery retailer and food
distributor in Canada.
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For further information, media may contact:
Mr. Wayne Miller, Director of Sales and Marketing
Origin BioMed Inc.
5162 Duke Street, Suite 520, Halifax, Nova Scotia Canada B3J 1N7
Tel: (902) 423-5745 Fax: (902) 492-0013
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