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Navamedic to distribute Pohl-Boskamp's NYDA head lice remedy.

M2 PHARMA-December 7, 2010-Navamedic to distribute Pohl-Boskamp's NYDA head lice remedy(C)2010 M2 COMMUNICATIONS

7 December 2010 - Norwegian speciality pharma company Navamedic ASA (OSL: NAVA) said yesterday that its subsidiary Vitaflo Scandinavia will exclusively distribute the head lice remedy NYDA of German Pohl-Boskamp in Norway, Sweden and Denmark.

Navamedic added that the market for the product in these territories is estimated at about SEK18m (USD2.6m/EUR2m) a year.

The active ingredients in the product penetrate the airways of both the lice and its eggs and cause their suffocation. Navamedic's CEO Olof Milveden said that the product is recommended by the Swedish pharmaceutical authority.

(SEK1 = USD0.146/EUR0.109)

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Publication:M2 Pharma
Geographic Code:4EXNO
Date:Dec 7, 2010
Words:121
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