Deeside based Revolymer strikes US distribution deal
Revolymer, the Deeside based polymer technology company has signed a supply and distribution agreement for its nicotine chewing gum products for the US.
Under the deal PL Developments (PLD), a leading US manufacturer and supplier of ‘over-the-counter products’ plans to market and sell private label formats of Revolymer’s nicotine chewing gum products to its broad customer base.
According to market estimates agreed between PLD and Revolymer, the US nicotine gum market has a current retail value of nearly $500m a year.
Robin Cridland, Acting CEO of Revolymer said:
“We are excited to have closed this significant deal covering the substantial US market for nicotine gum. The team at PLD is very experienced at packaging and distributing OTC pharmaceutical products and consumer healthcare goods nationally across America to major grocery, mass merchandiser, and pharmacy chains, and we look forward to a mutually fruitful relationship going forward. We are now focused on preparing a regulatory dossier with view to filing for and gaining marketing approval for our nicotine gum products in the US.”
Rev7 chewing gum, which after chewing is “removable” and “degradable”
The idea behind the gum’s composition was developed by Professor Terence Cosgrove at the University of Bristol.
Rev7 is designed to be a low adhesive gum that, unlike conventional gum, can be easily removed from a variety of surfaces, and which degrades and disperses over a short time-scale when in contact with water.
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