Avivagen Inc.'s (VIV:TSX.V; VIVXF:OTCQB) CEO Kym Anthony recapped the company's 2019 achievements in a news release.
"The past 12 months have been a period of exceptional accomplishment and achievement for Avivagen," he said. "As a Company, we have taken tremendous strides in the development and commercialization of our unique OxC-beta™ technology, an antibiotic-free alternative that promotes health in animals and humans. We believe that both the timing and the value proposition of adopting our technology has never been better."
"New and recurring orders, new applications of our technology and a quickly expanding geographical footprint are a growing cache of proof that our OxC-beta technology is making significant inroads into the world's biggest markets," Anthony stated.
Along with upgrading to the OTCQB Venture Market in the U.S., Anthony reported that Avivagen made strides advancing its proprietary OxC-beta in the livestock and companion animals markets in 2019. For one, the life sciences company obtained regulatory approval of OxC-beta Livestock in four additional countries.
In the Asia Pacific region, Avivagen initiated product sales in Taiwan and Malaysia and received approval to sell in Australia and New Zealand. In China, the company signed an agreement with COFCO BIOTECH, a government-owned corporation, to help get OxC-beta Livestock registered for use in poultry feed. "This follows the decision by the Chinese government to ban all AGPs (Antibiotics as Growth Promoters) by July 2020," Anthony noted. Also, Avivagen landed a new distribution partner in the Philippines.
In North America, the company attained Self-Affirmed GRAS, or generally recognized as safe, status and partnered with CSA Animal Services in the U.S. Subsequently, Mexico approved the sale of OxC-beta Livestock there.
With respect to the companion animals market, Avivagen entered a joint venture for its product, Vivamune, with Mimi's Rock, an online marketer of human health and wellness brands. Rebranded as Dr. Tobias Dog Chews, the canine supplement will be sold on Amazon and the proprietary website, drtobias.com.
Anthony indicated that Avivagen will continue its three-pronged approach to growth. It will keep increasing sales, forming additional partnerships and seeking further country regulatory approvals.
"We expect 2020 to create new revenue opportunities for the company and even greater value for our shareholders," he added.
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