FORT LAUDERDALE, Fla., April 23, 2021 (GLOBE NEWSWIRE) — ECI Prescribed drugs, LLC (ECI) immediately introduced that it has entered into an unique U.S. distribution settlement with AiPing Prescribed drugs, Inc. (AiPing) to handle the gross sales, advertising and marketing, and distribution of Ibuprofen 400 mg, 600 mg, 800 mg tablets, and Folic Acid 1 mg tablets.
In response to IQVIA information for the 12 months ended December 2020, complete U.S. generic gross sales of Ibuprofen tablets 400 mg, 600 mg, 800 mg was roughly $110 million. Generic Folic Acid tablets 1 mg have been roughly $20 million for a similar interval. ECI plans to launch each Ibuprofen and Folic Acid underneath the ECI label.
“We’re happy to develop our gross sales, advertising and marketing, and distribution settlement with AiPing to incorporate these further merchandise,” mentioned Andrew Berk, Senior Director Enterprise Growth and Technique for ECI. “AiPing has been a collaborator of ECI for a number of years on one other ANDA product, and we stay up for our continued success in increasing our relationship with these extremely valued and extensively used generic pharmaceutical merchandise.”
“We’ve chosen to develop our alliance with ECI due to our profitable collaboration on one other generic product,” commented Emma Li XU, CEO of AiPing “We’re broadening our relationship with ECI due to their crew’s skill to launch merchandise swiftly and execute launch plans nicely. We’ll work carefully with ECI to launch these merchandise within the coming weeks.”
About ECI Prescribed drugs
ECI Prescribed drugs LLC is a Fort Lauderdale primarily based Pharmaceutical firm concerned within the growth and manufacturing of generic prescribed drugs searching for to achieve approvals for a complete vary of therapeutic areas for advertising and marketing and distribution within the US.
About AiPing Prescribed drugs
AiPing Pharmaceutical Inc. is an rising pharmaceutical firm whose mission is to offer top quality, inexpensive prescription medicines. The corporate’s portfolio consists of merchandise throughout a variety of therapeutic areas. Our headquarters relies in Lengthy Island, New York, USA, consisting of a 120,000 ft² manufacturing facility and an 87,000 ft² distribution warehouse. Our satellite tv for pc workplaces are positioned in Zhongshan and Shanghai, China, respectively. AiPing at present maintains varied certifications and U.S. state licenses in our FDA accredited amenities.
ECI Prescribed drugs, LLC.