CybeRelease: (OTC PK: MNCL) Seeks Distribution Rights for the Treatment of Male Testosterone Deficiency
(CybeRelease, February 23, 2007) - Lake Harmony, PA - Martin Nutraceuticals Inc. (OTC PK: MNCL) today announced the finalizing of an agreement for distribution rights of CGY-25(R) with NormallyPharma for Canada, and is in final negotiations for the distribution rights for the United States.
CGY-25 is for the treatment of male testosterone deficiency also commonly referred to as andropause. CGY-25 stimulates the secretion of a male sex hormone in the Leydig cells for the natural treatment of testosterone deficiency. It is estimated that testosterone deficiency or andropause directly affects more than 11 million men in North America and is believed to have a correlation with Erectile Dysfunction (ED), which affects upwards of 30 million North American men. Treatment of (ED) and other related erectile deficiency’s is a $3.5+B business today via prescribed drugs, most notably, Viagra, Cialis and Levitra. Despite the dominance of these products, several opportunities exist for a successful market entry.
According to the market research firm ImpactRx, which tracks the habits of a panel of high prescribing physicians and may reflect emerging trends in doctors’ offices today. Upon the introduction of a NEW drug (Cialis) for (ED) in 2004, U.S. urologists initiated treatment with Cialis at a rate of more than two-to-one over each of the other oral ED treatments. In fact, the NEW drug, Cialis, represented 56 percent of new treatment initiations by urologists compared to 21 percent for Levitra and 23 percent for Viagra.
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