SOURCE: Emerging World Pharma Inc.

October 05, 2010 09:59 ET

Emerging World Pharma Inc. Strategic Partner, African Global Pharma, Completes Construction and Set Up of the Sunyani, Ghana Factory

MANASSAS, VA--(Marketwire - October 5, 2010) -  Emerging World Pharma Inc. (PINKSHEETS: EWPI) strategic partner, African Global Pharma (AGP), has completed construction and set up of its generic drug manufacturing facility in Sunyani, Ghana. The Food and Drug Board of Ghana (FDB) has completed its inspection of the facility and issued the required permits and approval for the importing of raw materials and the license to manufacture pharmaceuticals.

Inspections and approvals have also been completed and issued by the Ghana Standards Board (GSB).

With these approvals now issued, African Global Pharma is awaiting the delivery of raw materials to the factory to begin production. AGP expects production and development will commence in November 2010 and should be in full production in January 2011.

About Emerging World Pharma Inc.
Emerging World Pharma Inc. is an investor in generic based pharmaceutical companies manufacturing within developing nations. The company focuses its investments on generic pharmaceutical companies that have contracts with three major buyer groups; church, government and wholesalers. Market research shows that these branches are the most secure,
protected and reputable for the distribution of medicines.

Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    Joel Everret
    Emerging World Pharma Inc.
    Investor Relations Division