Jun 2 2011
Fero Industries, Inc. (OTCBB: FROI) (OTCQB: FROI) (the "Company") is pleased to announce that independent human clinical trials of Sucanon® have been successfully completed in the Middle East. The results of the clinical trials conducted at the University of Tehran in Iran have confirmed previous studies from Canada, China, and Peru, which show Sucanon® to be a safe and effective treatment for Type-2 diabetes and pre-diabetes. Completion of the study has enabled the Company to move forward with plans for registration, licensing, and distribution of Sucanon® across the Middle East.
"The results of the University of Tehran human clinical trials have confirmed the safety and effectiveness of Sucanon® as a treatment for Type-2 diabetes and pre-diabetes across the entire spectrum of the Middle Eastern population," said Mr. Luis Lopez, Chief Operating Officer of Fero Industries. "With this study in hand, the Company has begun the process of negotiating licensing agreements with established pharmaceutical distributors and is preparing registration dossiers to be submitted to the Ministries of Health in several countries across the Middle East region, including Iran, Kuwait, Jordan, Saudi Arabia, Palestine, Qatar, and Egypt."
SOURCE Fero Industries, Inc.
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