Requis Pharma Inc.
A new product development
company
Monday, March 11, 2013
Embassy Suites, Chesterbrook, Pennsylvania (directions)
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About
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Business Summary: Requis Pharma Inc. is a new Product Development
company, founded by experienced entrepreneurs in West Chester, PA. Strategy is
to bring patented products to revenue generation rapidly by targeting the US OTC
market; a series of global Rx drugs will follow. Requisom is a novel sleep-aid, and
Cirrus a new beverage for Jet-Lag Disorder. Requis will develop and license
drugs to major US companies for marketing; US OTC sleep-aid market is >$750
M p.a.
Product/Services: Requisom, a patented OTC sleep-aid for the US market, is
our most advanced product. It comprises a new combination of approved
ingredients, targeting those experiencing occasional sleep problems, i.e. difficulty
falling asleep or maintaining sleep. Requisom comprises a lowered dose of a
sedating antihistamine as the API, with 2 dietary supplements that improve sleep.
The company has also developed a beverage, Cirrus, for treatment of Jet Lag.
Customer problem: Estimates show that 50-70M Americans are unable to get a
good night's sleep due to worries: the economy, keeping their jobs, or their
money, according to a recent National Sleep Foundation poll. Add to those
increasing numbers of people over age 60 who have a harder time falling asleep
and wake more often than average. There is a sub-group of those with
sleeplessness, travelers suffering from Jet Lag, who are also a market for Requis
Pharma.
Target market: The initial target market for Requisom, the company’s first
Pharma product, is the 50 - 70M Americans suffering from occasional
sleeplessness. Analyses of trends in society show that sleep disorders are on
the rise. This drug will be Rx in Europe. Cirrus, the functional beverage for
treatment of Jet Lag Disorder will be launched into the very new US relaxation
drinks market; > 20M people per year travel across 2+ time zones per year.
3 Major Issues
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Is there a sufficiently strong unmet medical need within the treatment of occasional sleeplessness (Requsiom) and Jet Lag Disorder (our Cirrus beverage) to attract investment for development of Requis Pharmaceuticals' initial products?
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Should we look to out-license and divest Cirrus or plan outsourced manufacture, distribution and marketing ourselves?
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Licensing strategy: Does PCCI suggest an early or later approach to companies which may be potential licensees of Requisom? Vicks have recently launched ZzzQuil, which represents no advance over existing products, since it is just diphenhydramine.
Program:
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6:30 - Cocktails & Dinner (Cash bar and special 2-entree buffet menu)
8:00 - Lars Knutsen, President and CEO of Requis, will deliver the Company's "Elevator" Pitch to the Group
8:20 - A Panel will address 3 Major Issues for the Company
9:00 - Open discussion: members and guests
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