LEWISTON, N.Y., March 2 /PRNewswire-FirstCall/ -- LAM Pharmaceutical, Corp. (OTC Bulletin Board: LAMP; Frankfurt: LAM; Berlin: LAM), a biomedical company focused on the development and commercialization of novel wound healing and transdermal drug delivery systems, announced today that it received its first commercial order for its patented and proprietary LAM IPM Wound Gel(TM) for Ecuador. The order placed by aQva Pharmaceuticals, LAM's distributor in the Central American region, was for a total of $20,000.
Mr. Salvador Ficciella, CEO of aQva Pharmaceuticals Inc. stated, "Our first order marks the beginning of a comprehensive marketing and sales campaign in Ecuador. We are very encouraged by and wish to take advantage of the overwhelmingly positive feedback from Ecuadorian doctors using LAM IPM Wound Gel(TM). Once again, we are seeing undisputable validation of the LAM IPM Wound Gel(TM) efficacy, which reaffirms our confidence in the product."
Mr. Joseph T. Slechta, President and Chief Executive Officer of LAM, noted, "As we have reported to the shareholders, our Gel is being well received throughout Central America. The commencement of commercial sales in Ecuador will not only mean a welcome addition to the Company's revenues but also marks another milestone in the successful introduction of our Gel into the Latin American market."
About LAM Pharmaceutical, Corp.
L.A.M. Pharmaceutical, Corp., http://www.lampharm.com/, is a biomedical company with offices in Lewiston, New York, Toronto, Canada and Beijing, China. L.A.M. focuses on the development and commercialization of novel wound healing and transdermal drug delivery systems that offer patients, among other benefits, safer and more effective treatment for a variety of serious diseases. The technology is based on an original L.A.M. Ionic Polymer Matrix(TM) technology (L.A.M. IPM(TM)), a proprietary and patented combination (a total of 15 U.S. issued and approved patents) of electrically charged and non-charged molecules with wound-healing properties. L.A.M. IPM(TM) technology is also appropriate for use with well-established drugs, allowing for the sustained delivery of greater amounts to the target areas than is otherwise possible by oral means, thus prolonging therapeutic activity.
About aQva Pharmaceuticals
aQva Pharmaceuticals is an international distribution company with headquarters in Montreal, Canada, an operating subsidiary in Mexico City and distribution partners in several Latin American Countries. aQva main business focus is to distribute pharmaceutical and healthcare products in Latin America.
L.A.M. Ionic Polymer Matrix(TM), L.A.M. IPM(TM) and IPM Wound Gel(TM) are trademarks of L.A.M. Pharmaceutical, Corp.
L.A.M. IPM Wound Gel(TM) is protected by one or more of the following patents: 5,897,880; 6,120,804; 6,007,843; 6,063,405.
The Ruth Group
L.A.M. Pharmaceutical, Corp.