Exporting Semi-finished Pharmaceutical Products to China’s Guotai Pharmaceutical Company
The primary raw material for our pharmaceutical manufacturing is primarily derived from oyster shells. Guotai Pharmaceutical Company in China is collaborating with us with the aim of importing semi-finished and finished products made from our nano-crushed pharmaceutical raw materials for distribution within China. Guotai Pharmaceuticals initially aims to import our nano-calcium products and plans to gradually expand this collaboration.
Advancing in Export of Finished and Semi-finished Products
Partner Company | China GUOTAI Pharmaceutical |
Target Raw Material (Ingredients) | Nano Health Supplements and Nano Pharmaceutical Semi-finished Products |
Business Motivation | NPG Science has completed the initial verification indicating the potential to produce premium pharmaceutical products by nano-engineering pharmaceutical raw materials from China GUOTAI Pharmaceutical. The plan is to export nano raw materials and nano semi-finished products by March 2024, focusing on nano health supplements and pharmaceutical semi-finished products. |
NPG Science Tasks, Responsibilities | Export of Nano Semi-finished Products |
GUOTAI Pharmaceutical Tasks, Responsibilities | Product Manufacturing and Global Distribution |
Contract Amount (15 million USD) | The designated price by our company per unit of packaging for semi-finished products |
Expected Revenue | NPG Science : 1.5 million USD annual revenue (initial quantity) |
Nano-material Supply Unit Price | <Export> GUOTAI Pharmaceutical, recognized by the Chinese government as a designated healthcare insurance company, enables products purchased by GUOTAI Pharmaceutical to qualify for health insurance coverage. This facilitates smooth sales and maximizes revenue, ensuring stable profitability and long-term viability for the business. <Domestic Market> In the domestic market, plans involve selling nano health supplements. The products are currently in the process of registration with the Korea Food and Drug Administration. After completion of registration, sales of nano products will occur through specialized distributors and self-sales channels (such as online platforms). |
Other Notes/Details | GUOTAI Pharmaceutical prioritizes the initial export of nano-calcium products. |