Female Health Co. to distribute female condoms in Taiwan.CHICAGO--(HealthWire)--Dec. 16, 1996--The Female Health Co. announced today that it has signed an agreement with a major Taiwanese pharmaceutical group Chung Mei Enterprises for the exclusive distribution of the company's female condom female condom n. See condom. female condom Vaginal pouch An externally placed contraceptive device, which offers some protection against pregnancy and STDs. See Contraceptives. Cf Condom. in Taiwan. The new agreement was announced in Taipei by Chung Mei Enterprises during a Nov. 27 press conference launching the condom in Taiwan. The female condom is set to hit the shelves in Taiwan under the brand name femidom during the first quarter of 1997. Ben-Yuan Lin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chung Mei Enterprises, stated, "We are pleased with this agreement and are optimistic about the female condom's success. The fact that this announcement received coverage from 70 percent of Taiwan's newspapers suggests that we are responding to a significant need in this country." Dr. Mary Ann Leeper, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of The Female Health Co., said, "Our partnership with Chung Mei Enterprises creates exciting opportunities for The Female Health Company. We believe the success of the condom in Taiwan will lead to additional partnerships that will enhance its availability and affordability worldwide. "We are currently in discussions with potential partners in a number of countries and we hope to be able to announce additional contractual arrangements as they are completed." Founded as a pharmaceutical company in 1936, Chung Mei Enterprises is comprised of several operating subsidiaries, including Chung Mei Pharmaceuticals, a manufacturer of more than 500 pharmaceutical products, Sea Lucky, an importer of more than 30 health and beauty aid products, Mei Chou Pharmaceutical, a pharmaceutical distribution company, Megalin International, a distributor of sports beverages and Health Trend Rx, a franchise chain of 200 pharmacy stores. The Female Health Co., based in Chicago, owns the worldwide rights to the female condom including patents which have been issued in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan, The European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, Canada, and Australia. The female condom is the only available product controlled by women that helps to protect against sexually transmitted disease sexually transmitted disease (STD) or venereal disease, term for infections acquired mainly through sexual contact. Five diseases were traditionally known as venereal diseases: gonorrhea, syphilis, and the less common granuloma inguinale, , including AIDS and unintended pregnancy. CONTACT: The Female Health Co. Investor Relations Investor relations The process by which the corporation communicates with its investors. : William R. Gargiulo Jr., 312/280-2281 Product/Marketing: Mary Ann Leeper, Ph.D., 312/280-1119 Broker Relations: Malcolm McGuire, 800/828-0406 |
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