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Message: News on Oraphyte (don't get too excited yet)

News on Oraphyte (don't get too excited yet)

posted on Aug 25, 2009 07:49PM

From today's Nuvilex press release:

Currently we have a partner, a multi-billion dollar private agricultural products company, who will be assisting us with the final phases of development and commercialization of Oraphyte for the turf grass industry. We are currently discussing a co-development and commercialization contract for crop protection with a Fortune 100 company. Commercial partners can hasten, through their experience and established market position, product development, introduction and global sales penetration. There is, however, a corresponding cost. If we assume that our partners will bear substantially all of the brand development and distribution costs, our share of the revenues and profits from partnered products will be substantially lower than non-partnered products. We believe, however, for products like Oraphyte maximum market penetration can only be achieved through partnerships with established companies.

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