LOS ANGELES, June 24, 2021 (GLOBE NEWSWIRE) -- ViaDerma, Inc., ("Company") (OTC Pink: VDRM), is pleased to provide an update on current business activities.
- The Company has finalized a ten-year $12 million licensing agreement in Dubai. Under the terms of the agreement ViaDerma grants licensing rights to sell ViaDerma based products throughout the Middle East. The first semiannual payment of $600,000 has been initiated and will be available to ViaDerma on or before August 5, 2021.
- ViaDerma's licensing agreement with a home health wound care network has now expanded to nine states: CA, NV, AZ, TX, TN, GA, OH, FL, IL. As part of the agreement ViaDerma receives royalties of $5000 per month for each state and are on track to reach their target of 16 states by year end. With the newly added state ViaDerma's monthly revenue from the agreement has increased to $45,000 per month.
- The Company expects to hire a qualified auditing firm registered with the Public Company Accounting Oversight Board (PCAOB) within the next 30 to 60 days to complete an audit of ViaDerma's financials. Audited financials are required before ViaDerma can make application for listing on the OTCQB later this year.
About ViaDerma, Inc.ViaDerma, Inc. (OTC: VDRM) is a publicly traded specialty pharmaceutical company committed to bringing new products to market and licensing its innovative technology to current leaders in the pharmaceutical industry in a wide variety of therapeutic areas. For more information, visit: www.viadermalicensing.com
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