Voyageur Minerals' Joint Venture Company ImagingX Pharmaceuticals, Submits its First of Three Barium Contrast Products to Hea...
August 08 2019 - 7:00AM
Voyageur Minerals Ltd.
(TSX.V:VM)
(the “Company” or “Voyageur”) is pleased to announce that its joint
venture company ImagingX Pharmaceuticals Ltd. (“ImagingX”) has
submitted its first product for registration with Health Canada.
Health Canada is a federal regulatory agency for approval of drugs,
equivalent to the FDA in the USA.
The first product is a barium sulfate oral
suspension used in commuted tomography scans (CT)
of the abdomen to delineate the gastrointestinal tract in
adult and pediatric patients. Due to its high molecular
density, it is opaque to x-rays and therefore, acts as a positive
contrast agent for radiographic studies.
ImagingX is in the process of adding two other
barium contrast products for registration. A total of three barium
sulfate suspension products will be registered with Health Canada.
Upon receipt of Health Canada registration, ImagingX will begin
marketing and sales of the products across Canada. ImagingX's
market strategy is to sell into the Canadian market, followed by
the USA and international healthcare markets.
About Voyageur
Voyageur Minerals Ltd. is a Canadian public
company listed on the TSX Venture Exchange under the trading symbol
VM. Voyageur is focused on the development of barite and iodine API
minerals for the pharmaceutical market.
Near-term cash flow will be achieved through its
recently signed joint venture with a world-class pharmaceutical
manufacturer, Chief Medical Supply Ltd, that contemplates turn key
manufacturing, bottling and distribution of barium and iodine
radiopharmaceuticals for MRI, X-ray and CT scan
applications.
Voyageur owns 100% interest in three barium
sulfate ("Barite") deposits including two properties suitable in
grade for the industrial barite market place, including interests
in a high-grade iodine, lithium & bromine brine project in
Utah, USA.
About ImagingX
Pharmaceuticals
Voyageur formed ImagingX Pharmaceuticals Ltd
(IXP), a gross revenue sharing joint venture company with
Chief Medical Supply Ltd. (CMS).
CMS provides high quality, competitively priced pharmaceuticals and
hemodialysis products to pharmacies and hospitals across Canada.
Operating from both its 33,000 square-foot plant in Calgary,
Alberta and its approximately 90,000 square-foot facility in
Mississauga, Ontario, CMS can manufacture & supply products
coast-to-coast. Regulated by Health Canada and complying with the
Canadian Food and Drug Act, CMS has both drug and medical device
establishment licenses issued by Health Canada.
IXP employs a strategy of selling competitively
priced radiopharmaceuticals for MRI, X-ray and CT scan
applications. IXP main focus is barium and iodine based products.
The joint venture obligations are for Voyageur to provide the
minerals for the products and CMS manufactures the products. The
partners split gross revenue 50%/50%. By partnering together, IXP's
strategy is to be highly competitive by controlling all input costs
from the Earth To The Bottle.
For further information, please
contact:
Steven R. LivingstonCell: (403) 471-1659Office:
(587) 779-6166
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
news release.
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