Startup biotech company Quantec Ltd has signed a Mexican distribution partner agreement to launch its anti-acne cream, the only treatment globally with a patented ingredient derived from cow’s milk. The Hamilton-based company launched the Epiology brand of anti-acne cream in New Zealand pharmacies in May and claims to have already gained a 10 percent share of the market. Joismatinjowes The antiacne cream is now stocked in 60 percent of New Zealand pharmacies, double what it expected at this stage, and that has given the company confidence to start exporting through a distribution deal with Fenrir Business Development SA de CV (FBD).
Quantec has been developing the milk protein called IDP, which is used by cows to fight infection, for the past seven years. It has had several tranches of angel investment funds from private investors including dairy industry veteran Earl Rattray and Soda Inc’s Neil Richardson and the NZ Venture Investment Fund.
Founder and managing director Rod Claycomb said Mexico was an attractive market for two reasons. Like New Zealand, Mexico is one of the few countries that allows acne medication claims to be made which helps promote the brand to consumers rather than relying on prescriptions. web name generator . It is also a large market with a wide variety of skin types which is important when proving how well a product works.
“With the help of FBD, Epiology will first be launched into Guadalajara, Mexico – Mexico’s second largest city with a population of over four million.”