VMS Rehab Systems, Inc. reports on status of its BioPharmcor drug unit formulation development program

OTTAWA, Ontario, Sept. 6, 2016

According to a spokesperson for the Company, "BioPharmcor is ready to move into clinical trial batch manufacture and clinical studies in healthy volunteers to demonstrate bioequivalence. Once clinical trial material is available, the studies will take approximately six months to complete and then there will be a further 9 month period for the generation of stability data (12 months data in total) for the regulatory submissions that will happen in parallel."

In 2014, VMS Rehab Systems, Inc. made an investment in the generic pharmaceutical business with the acquisition of an early stage generic drug pharmaceutical, BioPharmcor Sp. Z.o.o., Warsaw, Poland.  The company's drug unit was subsequently reorganized under Dutch based BioPharmcor B.V., headquartered in Amsterdam, The Netherlands. A Canadian unit, BioPharmcor Inc., was established in 2016 to manage the Company's drug formulation program in conjunction with Kabs Laboratories, St. Hubert, Quebec.

Established in 1998, as a Canadian distributor of Home Healthcare products, VMS Rehab Systems, Inc. is headquartered in Ottawa, Canada and maintains affiliate offices in Amsterdam, The Netherlands and Warsaw, Poland. The shares of VMS Rehab Systems, Inc. are listed on the US OTC Pink Current Market (Symbol: VRSYF).

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