Ken,I bought this baby, looking for a turnaround.
Howz it look to you?
InKine Fills Distribution Channel: Strong Customer Demand For Visicol New Formulation
BLUE BELL, Pa.--(BUSINESS WIRE)--May 23, 2002--InKine Pharmaceutical Company, Inc. (Nasdaq:INKP) today announced that orders have been filled for full distribution of Visicol to distributors and large drug store chains and that customer demand and gastroenerologist interest in the new formulation are strong.
The Company's newly opened distribution center has to date shipped in excess of 40,000 bottles of the new formulation of Visicol to distributors and large drug store chains. The Company has received orders for an additional 50,000 bottles, which will enter the distribution channel over the next few months. Orders received to date for the new formulation represent product revenue to the Company in excess of $3 million.
"Today's announcement marks not only the full distribution of the new and improved Visicol formulation, but also a milestone achievement in the development of our commercial operations," said Leonard S. Jacob, M.D., Ph.D., Chairman and CEO of InKine. "Customer orders for the new formulation and recent prescription data for the old formulation are strong and continue to grow. Gastroenterologist enthusiasm for the new formulation, evidenced at the recently completed Annual Digestive Disease Week (DDW) Conference in San Francisco, are encouraging," added Dr. Jacob.
About InKine Pharmaceutical
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