STOCK TITAN

Redwood Scientific Technologies Inc. (OTC: RSCI) ("Redwood" or "the Company"), a pharmaceutical company, today announced a strategic shift in its product development priorities

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Redwood Scientific Technologies Inc. (OTC: RSCI) announced a strategic shift in product development to focus on enhancing nicotine replacement therapy products TBX-FREE™ and TBX VAPE-FREE™. This decision follows research linking e-cigarette use to heart failure risks, emphasizing the need for safer alternatives.
Redwood Scientific Technologies Inc. (OTC: RSCI) ha annunciato un cambiamento strategico nello sviluppo dei prodotti per concentrarsi sul miglioramento dei prodotti di terapia sostitutiva della nicotina TBX-FREE™ e TBX VAPE-FREE™. Questa decisione segue ricerche che collegano l'uso delle sigarette elettroniche a rischi di insufficienza cardiaca, sottolineando la necessità di alternative più sicure.
Redwood Scientific Technologies Inc. (OTC: RSCI) anunció un cambio estratégico en el desarrollo de productos para enfocarse en el mejoramiento de los productos de terapia de reemplazo de nicotina TBX-FREE™ y TBX VAPE-FREE™. Esta decisión sigue a investigaciones que vinculan el uso de cigarrillos electrónicos con riesgos de insuficiencia cardíaca, enfatizando la necesidad de alternativas más seguras.
Redwood Scientific Technologies Inc. (OTC: RSCI)는 전자 담배 사용이 심부전 위험과 연관되어 있다는 연구 결과에 따라 니코틴 대체 요법 제품 TBX-FREE™ 및 TBX VAPE-FREE™의 개선에 중점을 두는 전략적 전환을 발표했습니다. 이는 더 안전한 대안이 필요하다는 점을 강조합니다.
Redwood Scientific Technologies Inc. (OTC: RSCI) a annoncé un changement stratégique dans le développement de ses produits pour se concentrer sur l'amélioration des produits de thérapie de remplacement de la nicotine TBX-FREE™ et TBX VAPE-FREE™. Cette décision fait suite à des recherches établissant un lien entre l'utilisation des cigarettes électroniques et les risques d'insuffisance cardiaque, soulignant le besoin d'alternatives plus sûres.
Redwood Scientific Technologies Inc. (OTC: RSCI) kündigte eine strategische Verlagerung in der Produktentwicklung an, um den Fokus auf die Verbesserung der Nikotinersatztherapieprodukte TBX-FREE™ und TBX VAPE-FREE™ zu legen. Diese Entscheidung folgt Forschungsergebnissen, die den Gebrauch von E-Zigaretten mit einem erhöhten Risiko für Herzversagen in Verbindung bringen und die Notwendigkeit sichererer Alternativen betonen.
Positive
  • None.
Negative
  • None.

NEW YORK, April 18, 2024 /PRNewswire/ -- Redwood Scientific Technologies Inc. (OTC: RSCI) ("Redwood" or "the Company"), a pharmaceutical company, today announced a strategic shift in its product development priorities. The New York-based firm will only focus on enhancing and expanding its nicotine replacement therapy (NRT) products, specifically TBX-FREE™ and TBX VAPE-FREE™.

This pivotal decision follows recent findings published by the American College of Cardiology, sourced from a study conducted by the National Institute of Health. The study highlights a significant correlation between e-cigarette use and an increased risk of heart failure, underscoring the urgency for effective and safe alternatives in nicotine replacement therapy.

"Given the alarming data linking e-cigarette use to serious health risks, Redwood is committed to advancing our development of TBX-FREE™ and TBX VAPE-FREE™ products," said Jason Cardiff,  CEO of Redwood Scientific Technologies. "Our goal is clear – to provide safer, scientifically-backed alternatives that meet the needs of consumers aiming to quit smoking without the harmful effects associated with e-cigarettes."

Redwood believes that its TBX-FREE™ and TBX VAPE-FREE™ products will be innovative solutions in the realm of nicotine replacement therapy. The company anticipates publication of double blind randomized studies before bringing these products to market.

By concentrating its resources on TBX-FREE™ and TBX VAPE-FREE™, Redwood is positioning itself to be at the forefront of a critical market, responding proactively to the latest scientific research and public health needs.

For more information about Redwood Scientific Technologies and its products, please visit www.Redwoodsci.com

About Redwood Scientific Technologies Inc.

Redwood Scientific Technologies Inc. (OTC: RSCI) is a pharmaceutical company dedicated to developing innovative drug delivery systems. Based in New York, Redwood aims to enhance the efficacy and accessibility of pharmaceutical therapies to improve patient outcomes and quality of life.

Contact:
Name: Public Relations
Title: Communications
Email: info@redwoodsci.com
Phone: (123) 456-7890

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/redwood-scientific-technologies-inc-otc-rsci-redwood-or-the-company-a-pharmaceutical-company-today-announced-a-strategic-shift-in-its-product-development-priorities-302120397.html

SOURCE REDWOOD SCIENTIFIC TECHNOLOGIES

FAQ

What did Redwood Scientific Technologies Inc. announce regarding its product development priorities?

Redwood announced a strategic shift to focus on enhancing and expanding its nicotine replacement therapy products TBX-FREE™ and TBX VAPE-FREE™.

What recent findings influenced Redwood's decision to focus on nicotine replacement therapy products?

Recent findings from a study conducted by the National Institute of Health, published by the American College of Cardiology, linking e-cigarette use to an increased risk of heart failure influenced Redwood's decision.

Who is the CEO of Redwood Scientific Technologies Inc.?

Jason Cardiff is the CEO of Redwood Scientific Technologies Inc.

What is the goal of Redwood in developing TBX-FREE™ and TBX VAPE-FREE™ products?

The goal is to provide safer, scientifically-backed alternatives for consumers aiming to quit smoking without the harmful effects associated with e-cigarettes.

What type of studies does Redwood plan to publish before bringing TBX-FREE™ and TBX VAPE-FREE™ products to market?

Redwood plans to publish double blind randomized studies before bringing these products to market.

REDWOOD SCIENTIFIC TECH

OTC:RSCI

RSCI Rankings

RSCI Latest News

RSCI Stock Data

69.42M
Drug Manufacturers - Specialty & Generic
Healthcare
Link
United States of America
Claremont