Order Represents a small fraction of the overall market
NEW YORK, March 7, 2021 — Q BioMed Inc. (OTCQB: QBIO), a commercial stage biotech company, announced today that it has received a confirmed $500,000 order for Strontium Chloride USP Injections under a recently inked supply contract between Q BioMed, isoSolutions Marketing and Management (our Canadian distribution partner) and Chinese radiopharmaceutical company, Chengdu Syncor Pharmaceutical Co. Ltd. The agreement is the first of what is expected to be a high-growth named patient opportunity to supply Strontium89 in the Chinese market. Chengdu Syncor is an A-list radiopharmaceuticals supplier founded by Cadillac (United States) in 1999, devoted to providing high-quality radionuclide products to its customers throughout China. The Chinese market is currently demanding 12,000 doses a year (growing 10% a year) from 2 local government run manufacturers. This order represents a small fraction of that opportunity.
QBioMed expects to begin shipping doses in April once all logistics are in place and will continue through 2023.
Strontium89 is an FDA-approved, non-opioid radiopharmaceutical indicated for the treatment of painful skeletal metastases caused by cancer and is agnostic of the primary tumor. Common primary tumors that metastasize to the bone include prostate, breast, and lung, as well as others.
Learn more at www.Strontium89.com
Please see full Prescribing Information for Strontium-89 Chloride Injection.
About Q BioMed Inc.
Q BioMed Inc is a biotech acceleration and commercial stage company. Q BioMed is focused on licensing and acquiring undervalued biomedical assets in the healthcare sector. Q BioMed is dedicated to providing these target assets the strategic resources, developmental support, and expansion capital needed to ensure they meet their developmental potential, enabling them to provide products to patients in need.
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Q BioMed Media Contact:
Chengdu Syncor Contact:
Chengdu Syncor Pharmaceutical Co Ltd
No. 3081, Konggang Rd. 4th Southwest Airport Economic Development Zone
Shuangliu, Chengdu, China 610200
Tel./ Fax.: +86-28-85906099
125A – 1030 Denman Street, Suite 329, Vancouver, BC V6G 2M6, Canada
Tel: +1-604-669-7277 / Fax: +1-604-909-2720