IMS Health Reports Pharmaceutical Market to Generate $1.1 Trillion in Sales by 2014
JERICHO, NY--(Marketwire - 02/03/11) - SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. (Pinksheets:TRDX - News), is pleased to announce their wholly owned subsidiary Preferred Distribution, Inc. (Preferred), is on target to launch their new pharmaceutical distribution division by the second quarter of 2011. This division has already received approval by global pharmaceutical wholesaler Hospira, to distribute their products. Preferred's new pharmaceutical division will provide a third source of revenue for the Company. The pharmaceutical market is one of the fastest growing industries with long-term growth.
In an article dated April 20, 2010, IMS Health reported that the size of the global market for pharmaceuticals is expected to grow nearly $300 billion over the next five years, reaching $1.1 trillion in 2014. The 5 - 8 percent compound annual growth rate during this period reflects the impact of leading products losing patent protection in developed markets, as well as strong overall growth in the world's emerging countries.
To read the full article, please click on the link: http://www.imshealth.com/portal/site/imshealth/menuitem.a46c6d4df3db4b3d88f611019418c22a/?vgnextoid=4b8c410b6c718210VgnVCM100000ed152ca2RCRD&vgnextchannel=b5e57900b55a5110VgnVCM10000071812ca2RCRD&vgnextfmt=default
Dr. Jan Stahl, TRDX CEO, stated: "This is an exciting time for our company. Our new pharmaceutical division is anticipated to provide revenue growth in a rapidly growing industry. We have already received approval from global pharmaceutical wholesaler Hospira, to distribute their products. We anticipate receiving approval for distribution from other pharmaceutical wholesalers in the near-term."
About SciMeDent f/k/a Trend Exploration, Inc. (Pinksheets:TRDX - News)
SciMeDent (www.scimedenthealth.com) is a company focused on being a leading developer and marketer of products and services for medicine, dentistry and life sciences. SciMeDent plans to achieve growth initially through mergers and acquisitions.
About Preferred Distribution, Inc.
Preferred Distribution, Inc. is a wholly owned subsidiary of SciMeDent. Preferred's goal is to supply the medical, dental and veterinary community with quality products at the lowest possible prices. Preferred prides itself on providing professional sales staff who are courteous, knowledgeable and dedicated to saving you time and money for your practice. Since 1987 Preferred has been serving the needs of professionals throughout the country. Preferred's dental products division is marketed through its website, www.preferreddist.com.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological or industry changes and uncertainties related to the development of the Company's business model. The actual results the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
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