NuGen M.D. Receives Approval for its Netherlands Site to Manufacture Needle-Free Devices Under ISO 13485 QMS Certificate
TORONTO, ON / ACCESSWIRE / October 18, 2022 / NuGen Medical Devices Inc. (TSXV:NGMD)(OTCQB:NGMDF) (“NuGen” or the “Company”), a leader in needle-free drug delivery, is pleased to announce that it has received confirmation of its official certification for its wholly owned subsidiary European Pharma Group B.V. has received approval for the manufacturing of needle-free devices at its’ site in the Netherlands.
The additional manufacturing site allows NuGen to better serve markets in Europe, the Middle East and the Americas with lower logistical costs as well as reduced trade barriers and supply chain uncertainty It also positions the company to utilize a well-established European supply chain for many of its critical components.
“The manufacturing redundancy was always part of the plan and this is an important step to minimize any potential ruptures in the supply chain while simultaneously breaking down trade barriers.” said NuGen CEO Michael Wright. “Receiving this certification for our manufacturing facility in Europe represents the next logical step in our strategic plan in order to better serve our international market.”
About NuGen Medical Devices
NuGen is an emerging specialty medical device company developing the next generation of needle-free technologies and other innovative medical delivery products. The company’s products, which include the InsuJet™ and PetJet™ needle-free injection systems, are designed to improve the lives of millions of people and animals. NuGen continues to receive approval in numerous countries, including Canada. NuGen’s products are designed for use in several important fields including, but not limited to, diabetes, veterinary medicine, and vaccines.
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This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include the Company’s 2022 objectives of securing additional distribution and sales agreements, making submissions for regulatory approvals and capitalizing on additional market opportunities. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.