HAMILTON, BERMUDA / ACCESSWIRE / January 21, 2022 / Altamira Therapeutics Ltd. (NASDAQ:CYTO), a company dedicated to addressing unmet medical needs through RNA therapeutics, allergy and viral infection protection, and inner ear therapeutics announced today that Bentrio™ has been approved by the Medical Device Authority of Malaysia and is, therefore, cleared for commercialization in that country.
The product will be commercialized through the local affiliate of Wellesta Holdings Pte Ltd, Singapore ("Wellesta"). Under a previously announced marketing and distribution agreement between the two companies, Wellesta will commercialize and distribute Bentrio™ in India, Indonesia, Malaysia, Singapore, Taiwan and Vietnam. In addition to Malaysia, Bentrio™ has also received clearance in Singapore, and preparations and procedures for registration in the other countries are ongoing.
"We are very pleased with the swift ‘go-to-market' progress in Malaysia and Singapore," commented Thomas Meyer, Altamira Therapeutics' founder, Chairman and CEO. "Together with our partner, Wellesta, we look forward to making Bentrio available to consumers in these dynamic countries for the protection against airborne allergens and viruses. As previously indicated, we expect Bentrio sales in Asian markets to significantly contribute to our 2022 revenues."
About Altamira Therapeutics
Altamira Therapeutics is dedicated to developing therapeutics that address important unmet medical needs. The Company is currently active in three areas: the development of RNA therapeutics for extrahepatic therapeutic targets (OligoPhore™ / SemaPhore™ platforms; preclinical), nasal sprays for protection against airborne viruses and allergens (Bentrio™; commercial) or the treatment of vertigo (AM-125; Phase 2), and the development of therapeutics for intratympanic treatment of tinnitus or hearing loss (Keyzilen® and Sonsuvi®, Phase 3). The Company was founded in 2003 and is headquartered in Hamilton, Bermuda with its main operations in Basel, Switzerland. The shares of Altamira Therapeutics Ltd. trade on the NASDAQ Capital Market under the symbol "CYTO."
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SOURCE: Altamira Therapeutics Ltd.
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