Scilex Holding Company Enters Master Distributor Agreement Among CH Trading Group LLC And Farouk, Maamoun Tamer & Co. For the Distribution of ZTlido in the Kingdom of Saudi Arabia
Portfolio Pulse from Happy Mohamed
Scilex Holding Company (NASDAQ:SCLX) has entered a master distributor agreement with Farouk, Maamoun Tamer & Co. for the distribution of ZTlido, a non-opioid pain management product, in the Kingdom of Saudi Arabia. Scilex is a majority-owned subsidiary of Sorrento Therapeutics, Inc. (OTC:SRNEQ).
May 31, 2023 | 7:27 pm
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POSITIVE IMPACT
Scilex Holding Company enters a master distributor agreement for ZTlido distribution in Saudi Arabia, potentially expanding its market reach.
The master distributor agreement for ZTlido distribution in Saudi Arabia will potentially expand Scilex's market reach and increase sales. This is a positive development for the company and its shareholders, as it may lead to increased revenues and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sorrento Therapeutics, Inc., the majority owner of Scilex Holding Company, may benefit from the master distributor agreement for ZTlido distribution in Saudi Arabia.
As the majority owner of Scilex Holding Company, Sorrento Therapeutics may benefit from the master distributor agreement for ZTlido distribution in Saudi Arabia. The potential expansion of Scilex's market reach and increased sales may have a positive impact on Sorrento Therapeutics' financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80