Rochester, New York 12/15/2009 10:00:00 AM
News / Business

Global Health (OTCBB: GHLV) Begins Manufacturing of X-Excite in Europe

Global Health Ventures Inc. (OTCBB: GHLV) recently announced that it has signed an agreement with Pharmex Rom Industries SRL of Bucharest to manufacture X-Excite drug under GMP protocol. Pharmex is a contract manufacturer of pharmaceutical drugs for human use. Pharmex is a certified GMP (Good Manufacturing Practice) under the European Regulatory Guidance (EMEA) and Japanese Regulatory guidance. Under the terms of the agreement Pharmex shall manufacture X-Excite for clinical trials in Europe and other countries that recognize European Regulatory Authority's approval.

 

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"We have chosen a strategy to first develop our drugs in Europe, as a large number of countries recognize European Regulatory Approval and the cost of development to the Company is lower than FDA Approval. We have however planned to carry out the trials under the FDA guidance after the European approval," said Dr. Hassan Salari, Global Health President and CEO. X-Excite is a male sexual enhancement drug. It is a new formulation of an existing sexual enhancement drug, which is designed to rapidly enter the blood system, maximizing its efficacy and performance. The drug is developed to work sublingually, thus having a more rapid mode of action, and bypassing all the inconveniences and many side effects associated with other application routs. It is expected that the market for such products may continue to grow and the Company hopes to capture a sizable portion of this market.

 

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