Avivagen Inc. (VIV:TSX.V) will add another country to its geographical sales footprint through a new partnership, with Viphavet Co. Ltd., to sell Vivamune Health Chews in Vietnam. Vivamune is a chewable for animals that contains Avivagen's proprietary OxC-beta that "targets joint, skin and digestive health," noted the news release.
According to the distribution agreement, Viphavet will register and trademark Vivamune Health Chews within Vietnam. Once done, likely by year-end 2018, the distributor gains exclusivity on the product for one year with further extensions possible as it reaches certain sales milestones. The company, based in Ho Chi Minh City, distributes animal vaccines and pharmaceuticals along with veterinary equipment.
Avivagen, following up on the interest in Vietnam for its Vivamune, plans to shortly "pursue market uptake initiatives" there for its OxC-beta Livestock product, the release said.
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