20th Nov 2013 10:46
LONDON (Alliance News) - Revolymer PLC Wednesday said it has applied for permission to market its nicotine gum in four European countries, with plans to apply for further marketing authorisations in Europe and regulatory approval in the US.
Revolymer, which researches ways to improve consumer goods, such as lipstick, paint and chewing gum, said that the approval of the application would see its 2mg and 4mg strength nicotine gum marketed in the UK, Ireland, Poland and Spain.
Revolymer expects the UK, Ireland, Poland and Spain to be the first countries where it sells its nicotine gum.
Revolymer has already established a supply and distribution agreement for its nicotine gum in Poland, and is looking to conclude commercialisation deals in the UK, Ireland and Spain.
"We believe that not only is our product bioequivalent to the existing reference product in Europe, but that it has additional benefits that consumers will value, namely a more confectionery-like chew," Roger Pettman, chief executive, said in a statement.
The application was submitted to the Medicines and Healthcare products Regulatory Agency.
Revolymer shares were Wednesday quoted down 0.7% at 66.03 pence.
By Samuel Agini; [email protected]; @samuelagini
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