• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » General » PHIVITAE Corporation Partners with Lao Company to Supply Pharmaceutical Products and Medical Equipment

PHIVITAE Corporation Partners with Lao Company to Supply Pharmaceutical Products and Medical Equipment

Tony Allen by Tony Allen
April 26, 2019
in General, Medical
2 min read
31
0

NEW YORK, Nov. 14, 2017, PHIL, (GLOBE NEWSWIRE) — PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in selective industries, announced today that its wholly owned subsidiary Phivitae Corporation has signed a Business Cooperation Agreement with a Lao company to provide pharmaceutical products, medical equipment and healthcare supplies to Laos.

According to the Agreement, Phivitae Corp. will be responsible for identifying and forming strategic alliance with reputable international manufacturers and suppliers in North America, European Union and India to provide pharmaceutical products, medical equipment and healthcare supplies that meet or exceed international required standards to Laos and its neighboring markets.  The term of the Agreement is for six years and may be renewed every five years thereafter by mutual consent of both parties.

As previously announced, the Company has signed a letter of intent to acquire 80% of a 20-year old profitable European company that is engaged in pharmaceutical and medical device distribution in Eastern Europe.  The target company can serve as a platform to provide Western pharmaceutical products from Europe to Laos and also distribute prized organic medicines developed by Tho Xuan Duong JSC, a company recognized by Guinness World Records with nearly four centuries of history in Vietnamese traditional medicine and herbs (www.thoxuanduong.com), to European and Middle Eastern markets.

Henry Fahman, CEO of PHI Group, said, “We are delighted to work with our Lao partner to provide much needed high quality pharmaceutical products and medical equipment to Laos and its neighboring markets.  This will help serve the healthcare needs of the Lao people and also provide a great business opportunity for our partner and us.”

About PHI Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.  PHI Group also provides M&A and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com).

About Phivitae Corporation
Phivitae Corporation, a Wyoming corporation, is a wholly owned subsidiary of PHI Group, Inc. set up to manage the Company’s healthcare-related businesses.

Safe Harbor
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

Tags: medical equipmentpharmaceuticalPHI GroupPHILPHIVITAE Corp
Tony Allen

Tony Allen

Tony Allen received a bachelor’s degree in journalism from the University of South Florida in 2011, specializing in feature writing and reporting on sports and events.

Related Posts

Regeneron buy back shares from Sanofi
Medical

Regeneron to buy back $5 billion shares from Sanofi

May 25, 2020
137
China Opposed U.S. Audit Plans
General

China Opposed U.S. Audit Plans

May 24, 2020
138
JetBlue gives 100,000 free flights to healthcare workers.
General

JetBlue Announces ‘JetBlue Healthcare Hero’ Program — Giving Away 100,000 Free Flights to Healthcare Workers

May 6, 2020
173
Trans-Pacific flights are most likely to be affected the most with demand declining up to 80% due to the pandemic.
General

American Airlines is looking into canceling up to 60% of its summer schedules as the pandemic continues to push demand down

April 2, 2020
139
Louisiana tops the list of states with the most number of increase in unemployment insurance claims because of the COVID-19 pandemic.
General

Here are the states that suffered the most unemployment due to COVID-19 pandemic

April 2, 2020
153
Kynikos Associates founder warns investors against ‘virus stocks’
General

Kynikos Associates founder warns investors against ‘virus stocks’

April 2, 2020
179
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.