Wellnex Life Limited (ASX:WNX) Obtains TGA Authorisation for New Soft Gel
Market Authorisation
Wellnex Life Limited (ASX:WNX) has received Market Authorisation (MA) from the Therapeutic Goods Administration (TGA) for its Liquid Paracetamol plus Caffeine Soft Gel. This approval builds on the Company’s existing MA portfolio, which includes Liquid Paracetamol, Liquid Paracetamol plus Ibuprofen, and Liquid Mini-Ibuprofen.
Future Revenue Opportunities
The new MA validation underscores Wellnex Life’s innovative approach and positions the Company to leverage additional revenue streams. Existing MAs are currently utilised by Wellnex Life and are also licensed to domestic and global companies such as Chemist Warehouse and Haleon.
Executive Comments
Managing Director, Zack Bozinovski said, “The approval of liquid paracetamol plus caffeine soft gel market authorisation is a great testament to the Company and its internal capabilities. This unique product will provide opportunities not only to use in the Company’s own brands but also opportunities to license it to third parties.”
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