Navigation Links
Richmond Private Equity Group announces joint venture with Taking You Forward Inc.
Date:7/18/2014

MIAMI, July 18, 2014 /PRNewswire/ -- Richmond Private Equity Group Limited announced today that its "portfolio company", National Med Care Ltd, a Salt Lake City Utah, based pharmaceutical marketing firm has entered into an agreement with Taking You Forward Inc., a Cebu Philippines based BPO firm to form a joint venture for the marketing of its compound pharmaceutical products in the United States.

Under the terms of the agreement, Taking You Forward will provide 400 call center agents throughout the Philippines for the purpose of marketing a transdermal topical pain solution and scar cream, distributed by multiple compound pharmacies in the United States under contract with National Med. The exact terms of the agreement were not disclosed other than Taking You Forward will share in the revenue of the sales generated by the sales campaign.

"The transdermal pain and scar cream market is estimated at 2 billion USD," said Scott Weissman, Chairman of Richmond Private Equity Group as well as acting CEO of National Med Care Ltd.  He added, "there are more than 100 million Americans in chronic pain and prescription drug abuse, an epidemic; we need to employ all therapies that work and resolve the problem." "We also plan to introduce additional products such as a cholesterol-reducing pill as well as treatments for diabetes, which puts our potential market at over 6 billion USD."

According to a survey of 3,600 chronic pain sufferers conducted by Patient Outcomes Analytics, more than 83 percent reported a significant reduction in their pain after using custom-compounded prescription pain creams, applied topically – (Globe Newswire November 11, 2013).

"The process of using call centers in the Philippines to sell the topical pain cream consisting of all FDA approved ingredients has proven highly successful during our initial test campaign utilizing up to 100 call center agents over the last 90 days and now increasing or sales force to a total of 500 agents will ensure that we quickly became the dominant leader for the distribution of compound pharmaceutical products in the United States," said Weissman.

About Richmond Private Equity Group Inc. is a private equity and consulting firm based in Miami Florida and the sister company of Richmond Private Equity Group Limited, a Hong Kong based investment holding firm, whose portfolio includes Optimizer Capital LTD, a Bermuda based family of hedge funds.


'/>"/>
SOURCE Richmond Private Equity Group Limited
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. GRW announces US growth and expansion with new Richmond, Virginia office
2. Amgen to Acquire Mustafa Nevzat, a Leading Privately Held Turkish Pharmaceutical Company
3. Stereotaxis Closes $18.5 Million Private Placement Financings
4. The Largest Private Funder Of Melanoma Research Receives Vital Support From Activist Jeffrey Epstein
5. Eleven Integrated Health Systems Form Largest Private-Sector Diabetes Registry in United States
6. Biodel Announces $18.5 Million Private Placement
7. Spine Pain Management, Inc. Completes $500,000 Private Placement
8. Viztek Debuts Upgraded Opal-Ortho Appliance; Offers Small "One Box" Footprint for Private Practices Combining CR/DR and PACS
9. Genstar Capital Completes ERT Acquisition In A Take-Private Transaction
10. ShangPharma Announces Receipt of "Going Private" Proposal at $8.50 to $9.50 Per ADS
11. Central Logic Named To 2012 Inc. 500 Fastest Growing Private Companies
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... Dec 9, 2016 Research and Markets ... 2016-2020" report to their offering. ... The report forecasts the global optical transceiver ... 2016-2020. The report covers the present scenario and ... To calculate the market size, the report considers the revenue generated ...
(Date:12/9/2016)... Dec. 9, 2016  Harmar Mobility, LLC announced today that Steven ... of the Board of Directors. Photo - http://photos.prnewswire.com/prnh/20161209/447552 ... ... Mr. Dawson,s executive career includes ... across a variety of industries. He brings to the company deep ...
(Date:12/9/2016)... Dec. 9, 2016 aTyr Pharma, Inc. (Nasdaq: ... of Physiocrine-based therapeutics to address severe, rare diseases, today announced that ... BMO Prescriptions for Success Healthcare Conference at the InterContinental Barclay Hotel ... 14, 2016, at 4:20 p.m. ET. About aTyr ... aTyr ...
Breaking Medicine Technology:
(Date:12/9/2016)... ... December 09, 2016 , ... MEDI+SIGN®, ... announced today that a new solution for Emergency Departments (ED) has been added ... space in Emergency Department examination rooms, and with a simplified pallet of information ...
(Date:12/8/2016)... ... 08, 2016 , ... After enjoying record-breaking attendance at its ... its 33rd Annual Issues & Research Conference, March 2-3, 2017, at the ... conference is “Persistent Challenges and New Opportunities: Using Research to Accelerate the Dialogue." ...
(Date:12/8/2016)... Plainsboro, NJ (PRWEB) , ... December 08, 2016 , ... ... patients, cancer centers and advocacy groups, has aligned with Upstage Lung Cancer in efforts ... In making the announcement, Michael J. Hennessy, Jr said, “CURE Media Group is honored ...
(Date:12/8/2016)... ... December 08, 2016 , ... Launching of ... Unified Instance Manager architecture, meeting the needs of multichannel growth and doubling ... unattended auto-dialing system without agents, Presence Robodialer, provides greater operational capacity, administrative ...
(Date:12/8/2016)... ... December 08, 2016 , ... Today’s patients are encouraged ... in mind, SIGVARIS has created a new line of anti-embolism stockings to help ... provide the benefits of graduated compression when transitioning from recovery to early rehabilitation. ...
Breaking Medicine News(10 mins):