Rounder Inc. Acquires Rights to its First Medical Product Formulation
12/17/2012 9:55:39 AM
WASHINGTON--(BUSINESS WIRE)--Rounder Inc., (Pink OTC Market: RNDR) medical division has acquired the formulation rights for a heart healthy nutraceutical product. Roughly one-third of adults use nutraceuticals and 15 million Americans use them together with conventional medicines. A study from the Mayo clinic found that 61% of those 18 years of age and older had used a nutraceutical over the past year. With sales of nutraceutical products increasing 25% per year in the United States, the US market for nutraceuticals is expected to reach $891 million in consumer purchases by 2013. Our capture of just a small percentage of market share in this rapidly growing industry segment should result in substantial revenue for the company.
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