Sanofi Invests $11 Million Into Needle-Free Injection System
PHOENIX and VACOUVER, British Columbia, Nov. 5, 2014 (GLOBE NEWSWIRE) -- Eternity Healthcare Inc. (OTC:ETAH), a medical device and diagnostic company with advanced technologies using the Needle-Free Injection system, announced today that its competitor company, Portal Instruments® Inc., has secured an $11 Million investment for their Needle-Free Injection System from Sanofi, this investment comes through their Sunrise initiative.
"CAMBRIDGE, Mass. October 15, 2014 – Portal Instruments, Inc., a new dynamic, emerging leader in the development of innovative drug delivery systems, announced today that it has completed a landmark $11 million Series A financing led by Sanofi through its Sunrise initiative along with PBJ Capital (a Boston-based venture firm) and a major US medical device company."
Dr. Salari, C.E.O. of Eternity Healthcare Inc. said: "With this new investment into the Needle-Free Injection Market, it shows that major pharmaceuticals and biotechnology companies are looking for alternative ways to administer their products, and appeal to the masses." He went on to state: "Using a Needle-Free Injection device can provide not only a pain free way to administer their products, but it is a more convenient way for patients to receive their medication." He concluded by saying: "Eternity Healthcare is one of the front runners in the Needle-Free Injection System Market and has on the market the Comfort-in™ Needle-Free Injection System. We currently have many products under development. These new products should capture the attention of other major pharmaceutical companies wishing to compete with Portal Instruments®."
About Eternity Healthcare
Eternity Healthcare or the "Company" (OTC:ETAH) is a healthcare company with technologies in medical devices and diagnostics. Our most advanced product is a needle-free injection system known as Comfort-inTM. Our products are sold to healthcare professionals, for use in physicians' offices, pharmacies, and to consumers directly. More information on Eternity Healthcare, visit the Company's website; www.eternityhealthcare.com
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CONTACT: Company Contact: Lena Kuang Executive Assistant (855) 324-1110 info@eternityhealthcare.com Investor Relations Contact: Jonathan Hall Vital Media (347) 880-5457 contact@vitalmediallc.comHelp employers find you! Check out all the jobs and post your resume.