Amazon Approves Global WholeHealth Partners Corp. (OTC:GWHP) in a Deal to Sell Through Its Estimated $300 Billion Sellers Marketplace as Stated in 8K Filing on 08/10/21

Rhea-AI Summary

Global WholeHealth Partners Corp. (OTC: GWHP) has gained approval to distribute its FDA-approved diagnostic tests through Amazon's Seller Marketplace, which has an estimated audience of over 300 million active users. This move could significantly enhance visibility and sales potential for their range of over-the-counter tests, including pregnancy and drug tests. CEO Charles Strongo stated this partnership could become a major distribution channel. The drug testing market alone is projected to be worth almost $12 billion by 2028, indicating strong growth potential for GWHP in this sector.

Positive

• Approval to sell FDA-approved diagnostic tests through Amazon's marketplace.
• Access to over 300 million potential customers on Amazon.
• Strong growth projections in relevant markets, including $12 billion drug testing market by 2028.

Negative

• Regulatory hurdles may pose challenges for future approvals.
• Dependence on Amazon's approval process could limit business agility.

Global WholeHealth Partners Corp. Readying for Distribution Through Amazon Seller Marketplace with Over 300 Million Active Users

SAN CLEMENTE, CA, Aug. 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Global WholeHealth Partners Corp. (OTC: GWHP), a multinational supplier of over 70+ FDA Approved Diagnostic Tests announces approval in deal to sell through Amazon's estimated $300 Billion Sellers Marketplace

With 300 million active users, the Amazon Seller Marketplace provides Global Wholehealth Partners Corporation a potentially massive audience of buyers and substantial visibility for its line of over-the-counter tests, including pregnancy, ovulation, drug, colorectal cancer, and glucose. 

Amazon receives more than 213 million unique US visitors every month according to a recent article by Tech Jury.

47 Amazon Statistics Everyone Must Know In 2021 | Techjury

“This latest deal (with the Amazon Sellers Marketplace) could easily become one of our largest points of distribution,” said Charles Strongo, CEO of Global WholeHealth Partners Corp. (OTC: GWHP).

Details of the Amazon approval can be found in the Global WholeHealth Partners Corp’s 8k Filing.

Global Wholehealth Partners Corp (Form: 8-K, Received: 08/10/2021 09:05:30) (otcmarkets.com)

The U.S. Food and Drug Administration (FDA) oversees the regulation of products, medicines, and foods that affect public health – and that includes products sold on Amazon. Even though a product may check all of the boxes – low competition, affordable manufacturing costs, high demand – the risks of running afoul of a federal agency may cancel out the rewards of selling FDA regulated products on Amazon.

Some medical devices may be sold over-the-counter (OTC) to general consumers, while others are professional-use and prescription only (Rx) devices that may only be sold to licensed healthcare practitioners. On Amazon, only sellers participating in the Professional Health Care Program are permitted to sell Rx medical devices.

“Amazon doesn’t approve every application that operates in our space, this one took us some time to get through the processes, policies, and regulatory hurdles,” commented Strongo. 

“Now that we’re in with Walmart Online, Ebay and Amazon, this could really give Global a competitive edge over our competitors,” reiterated Strongo. 

According to the FDA,  “Over-The-Counter (OTC) Tests” are tests that can be purchased and used by anyone at home. These do not require a doctor's prescription.  If manufacturers intend to sell their test kits over the counter, they must demonstrate that untrained laypersons can perform the tests and get good results. 

Global WholeHealth Partners Corp. intends to sell over-the-counter tests, including pregnancy, ovulation, drug, colorectal cancer, and glucose on Amazon Seller’s Marketplace. 

“The Drug Testing Market alone is expected to be almost $12 Billion per year by 2028,” Strongo stated.

“The Pregnancy Testing and Ovulation Testing Markets are also showing signs of consistent steady growth,” added Strongo.

Drug Testing Market Size is Expected to be worth $11.7 Billion By 2028

In a press release published by Grand View Research, Inc. on May 31, 2021, seen here, their report states that the Drug Testing Market Size is expected to be worth $11.7 Billion By 2028 with a CAGR of 4.9%. The introduction of innovative tests, stringent regulation mandating drug testing, and growing substance abuse & addiction are some of the factors anticipated to foster market growth during the forecast period.

The Global Pregnancy Testing Market Size is Estimated to be worth $1.74 Billion by 2026

According to a recent report by Market Data Forecast, the global pregnancy testing market size is estimated to be worth $1.36 Billion in 2021. Furthermore, it is forecasted to grow to $1.74 Billion by 2026, growing at a CAGR of 5.10%.

Pregnancy Testing kits are medical devices that are used to identify early signs of pregnancy in women. The device detects a little HCG (Human Chorionic Gonadotropin; female pregnancy hormone), which grows within the human body during the early weeks of development. The level of HCG in the blood doubles every 2 to 3 days in the early days of pregnancy, indicating that the pregnancy is progressing. Thus, the presence of HCG over a certain level indicates pregnancy. Testing kits are widely used in families, gynecological clinics, and hospitals.

The Ovulation Test Market Expected to Reach $230.6 Million by 2027

As stated in a press release published by 360 Research Report and distributed to MarketWatch on June 14, 2021, seen here, the Ovulation Test Market is expected to reach $230.6 Million by 2027 at CAGR 4%.

An Ovulation Home Test Kit is used by women. It helps determine the time in the menstrual cycle when getting pregnant is most likely. The test detects a rise in luteinizing hormone (LH) in the urine. A rise in this hormone signals the ovary to release the egg.

The US market alone is estimated at 20 million pregnancy and ovulation tests per year.

“Even as we seem to be doing more than our fair share in fighting the COVID-19 Pandemic with our Rapid Test kits for detecting Coronavirus and our new deals to sell and distribute vaccines from the Big 4, we are still a Diagnostics Company at heart and we’re very excited for what the future holds for us with our new deals with Amazon,  eBay and Walmart Online.” said in closing by Charles Strongo, CEO of Global WholeHealth Partners Corp. (OTC: GWHP).

Global WholeHealth Partners Corp. (OTC: GWHP) provides cutting edge technology using In-vitro Diagnostic (IVD) Real-Time PCR Machines for detection of SARS-CoV-2 IgM/IgG antibodies in human serum, plasma, or whole blood. It has led the fight against vector borne terminal diseases such as Ebola, ZIKA, Dengue, Malaria, Influenza and Tuberculosis, Corona Viruses, and among other vector borne diseases with an FDA Certificate of Exportability (2260-11-2019). The company was founded on March 7, 2013 and is headquartered in San Clemente, CA.

GWHP develops, manufactures, and markets in vitro diagnostic (IVD) tests for OTC, or consumer-use as well as professional rapid diagnostic point-of-care (POC) test kits for hospitals, physicians’ offices, and medical clinics in the US and abroad. Currently, the Company has 70 products FDA approved and many are approved for OTC use, and 29 POC products approved by the FDA CLIA WAIVED.

Call or email about special prices for this announcement on all the tests.

Disclaimer:

The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time.

Media Contact:
Name: Charles Strongo,
CEO, Global WholeHealth Partners Corp.
Email: Sales@gwhpcorp.com 
Phone for Sales: 877-568-4947
www.gwhpcorp.com

Forward-Looking Statements

This press release contains "forward-looking statements.” Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

FAQ

What is the significance of Global WholeHealth Partners Corp. selling on Amazon?

The approval to sell on Amazon provides GWHP access to a massive customer base, potentially increasing revenue and brand visibility.

How many active users does Amazon have that could impact GWHP's sales?

Amazon has over 300 million active users, which could significantly benefit GWHP's distribution.

What types of tests will GWHP sell on Amazon?

GWHP plans to sell over-the-counter tests, including pregnancy, ovulation, drug, colorectal cancer, and glucose tests.

What is the projected growth of the drug testing market affecting GWHP?

The drug testing market is expected to reach nearly $12 billion by 2028, presenting a significant opportunity for GWHP.

What challenges might GWHP face in selling on Amazon?

GWHP may encounter regulatory hurdles and competition from established companies in the medical device industry.