BUENA PARK, CA--(Marketwire - June 10, 2009) - SOHM, Inc. (PINKSHEETS: SHMN), a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories announced today that the Company has received B.F.A.D. (Bureau of Food and Drug Administration) Registration for generic pharmaceutical sales in the Philippines. The Company has many open large-scale sales channels to take market share in the US$1.8 billion Philippines pharmaceutical market which is growing at over 10% annually. Generic pharmaceutical sales in the Philippines target market is expected to contribute revenue and enhance earnings per share in the current quarter.
Vice President for Corporate Strategy at SOHM, Inc., Shailesh Shah stated, "SOHM's strategy is to capture specific areas of the Philippines generic drug market and we have been very successful creating sales channels in this underserved market. The current role of the pharmaceutical industry's sales and marketing workforce will be replaced by a new model over the next ten years as the industry shifts from a mass-market to a target-market approach to increase revenue. In view of enormous growth prospects in the Asian pharmaceutical market we are far ahead of our competition in the development and implementation of our Asian sales strategy.
About SOHM, Inc.
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Global headquarters is located in North America with manufacturing sites in India. Generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia. www.sohm.com
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