ViaDerma Announces Intent to Launch a New Minoxidil Hair Regrowth Product
ViaDerma, Inc. (VDRM) announced plans to launch a new hair regrowth product using Minoxidil with a proprietary transdermal delivery technology. This technology enhances absorption, significantly outperforming traditional treatments. The global hair restoration market is projected to reach $13.6 billion by 2028, while the Minoxidil market is expected to grow to $1.43 billion during the same time frame. FDA registration for the product is anticipated within 90 days, aiming for market availability later this year. CEO Dr. Chris Otiko expressed excitement about entering this expanding industry.
- Plans to launch a new hair regrowth product utilizing Minoxidil, enhancing treatment efficacy.
- Unique transdermal delivery system shows significantly improved absorption compared to competitors.
- Expanding into a rapidly growing hair restoration market projected at $13.6 billion by 2028.
- FDA registration expected within 90 days, indicating progress towards market release.
- None.
The global hair restoration market is expected to reach
LOS ANGELES, March 08, 2023 (GLOBE NEWSWIRE) -- ViaDerma, Inc. (OTC Pink: VDRM) is pleased to announce their plans to launch a new hair regrowth product using Minoxidil (topical route). The company will incorporate their proprietary, patent-pending dual carrier transdermal delivery technology with Minoxidil to create their new hair regrowth product.
ViaDerma’s unique transdermal delivery system facilitates the transfer of chemicals through the stratum corneum, the outermost layer of the skin with a diffusion constant that is 10,000x higher than other products on the market. This allows much more of the active ingredient to be absorbed into the skin and work better and faster, often producing significantly better results than traditional topical treatments. Previous testing conducted by ViaDerma has yielded exceptional results at regrowing hair.
A recently published report showed the global Minoxidil market size was valued at USD 1.038 billion in 2022 and is expected to expand at a CAGR of
ViaDerma’s President & CEO, Dr. Chris Otiko said, “We are very excited to announce these plans for our new product and to enter this rapidly expanding industry. Our objective is to create the best hair regrowth product on the market.”
FDA registration of the product is expected to be completed within the next 90 days. The company expects to have the new product on the market 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: https://viaderma.com
Any forecast of future performance is a "forward looking statement" under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment.
Contact information:
Investor Relations
Email: ir@viaderma.com
Phone: 310-734-6111
Follow ViaDerma on Twitter: https://twitter.com/viaderma
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FAQ
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