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- Wellnex Life (WNX) begins manufacturing a soft gel product under a new brand called “Wagner Liquigesic”
- This brand is part of a joint venture with Chemist Warehouse which involves the pair launching Australia’s first paracetamol liquid soft gel
- Wellnex has already received purchase orders of around $1 million for this liquid analgesic soft gel range
- The paracetamol and combined ibuprofen and paracetamol liquid soft gel products are expected to be on Chemist Warehouse’s shelves in September
- Wellnex Life ended the day 13 per cent in the red to close at 10 cents
Wellnex Life (WNX) has begun manufacturing the first product under a new brand called “Wagner Liquigesic”.
This brand is part of a joint venture with Chemist Warehouse which involves the pair launching Australia’s first paracetamol liquid soft gel.
Under the joint venture, Wellnex is responsible for the development, registration and commercialisation of the products and Chemist Warehouse is responsible for the distribution and marketing.
This first product will be delivered under an exclusive supply arrangement with Wellnex’s manufacturing partner under an existing contract that will also include an ibuprofen and paracetamol combination liquid soft gel product.
Positively, Wellnex has received opening purchase orders of around $1 million for this liquid analgesic soft gel range, which also includes a contract manufacturing order.
Wellnex CEO George Karafotias commented on the announcement: “This innovative product and new brand range illustrate Wellnex’s strategy of being first or fast to market with products that are innovative and differentiated, have significant consumer demand and meaningful support from major retailers such as Chemist Warehouse.”
The paracetamol liquid soft gel and combined ibuprofen and paracetamol liquid soft gel products are expected to be on Chemist Warehouse’s shelves in September this year.
Wellnex Life ended the day 13 per cent in the red to close at 10 cents.
