News Video | Policy | GPs | Hospitals | Medical | Mental Health | Welfare | Search

 

NZ’s AFT targets $15 billion pain relief market

NEWS RELEASE
Friday, 26 September 2008

New Zealand’s AFT Pharmaceuticals targets $15 billion pain relief market

AFT Pharmaceuticals, a 100 per cent New Zealand owned company, has researched and developed a novel therapy which represents a breakthrough in pain relief.

Progress for the international launch of the unique pain relief (analgesic) product (combining ibuprofen and paracetamol) - is well underway.

“Until recently we have kept a tight lid on this product,” says Dr Hartley Atkinson, owner and managing director of AFT Pharmaceuticals.

“But now we are ready to announce the best kept secret in the industry and are in the process of seeking a multinational licensing partner,” he says.

A phase three clinical trial in Auckland has been completed and AFT Pharmaceuticals is now working to file for marketing approval in overseas markets starting in 2009. Patent applications have also already been made in a significant number of overseas markets.

Dr Atkinson is understandably buoyant about the prospects for the pain relief product.

“The global market for analgesics is in excess of NZ$15 billion,” says Dr Atkinson.

“This represents a huge opportunity for our New Zealand pharmaceutical company and in fact the industry at large.”

Already AFT Pharmaceuticals has successfully introduced a novel therapy called Maxiclear, an allergic rhinitis (hayfever) product.

Maxiclear is a breakthrough product for hayfever relief which combines a non-sedating antihistamine and a nasal decongestant in one tablet. Uniquely it does not contain pseudoephidrine which means there is no criminal interest in stealing this product from pharmacies which relieves the pharmacy owners of this burden.

AFT Pharmaceuticals is a NZ$25 million turnover company with existing pharmaceutical business in New Zealand and Australia.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Review: A Rose By Any Other Name Would Smell As Sweet

The Royal New Zealand Ballet has accepted the challenge of this heart-touching tragedy and largely succeeded. More>>

ALSO:

NZ's First Male IAAF Gold: Tom Walsh's Historic Shot Put Victory

Although feeling very sore but with a great feeling Tom Walsh took his place as number one on the victory dais to receive his much deserved gold medal. More>>

ALSO:

Scoop Review Of Books: Q&A: Hard To Find Books

"Unfortunately we are in crisis and this friendly dinosaur faces extinction… Our only hope is to try and raise funds to buy the building and restore it to its glory, either fully funded or with a viable deposit." More>>

Kid Lit: Lost Mansfield Story Discovered At Wellington Library

Previously undiscovered letters and a story written by a young Katherine Mansfield were recently unearthed in Wellington City Library’s archives by a local author researching a book about the famous writer. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland