Cosmos Health To Receive Regulatory Approval For C-Scrub Disinfectant In The UK, Obtains Initial Purchase Order; Explores Opportunities Outside EU; No Financial Terms Of Purchase Order Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cosmos Health Inc. (NASDAQ:COSM) is nearing regulatory approval in the UK for its C-Scrub disinfectant hand soap and has received its first purchase order. The approval from the UK's Health Security Agency will enable distribution across the UK, with plans to supply the National Health Service. C-Scrub is a biocide disinfectant formulated with 4% chlorhexidine gluconate, offering up to 6 hours of antimicrobial action. Cosmos Health is also exploring opportunities in non-EU markets, targeting the global hospital disinfectant market projected to reach $75.6 billion by 2033.
March 19, 2024 | 2:13 pm
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Cosmos Health Inc. is on the brink of expanding its market presence in the UK with its C-Scrub disinfectant, pending regulatory approval. The company's first purchase order and potential collaboration with the NHS could significantly boost its revenue streams and market share in the healthcare sector.
The imminent regulatory approval and the initial purchase order for C-Scrub in the UK, along with the potential NHS collaboration, indicate a positive trajectory for Cosmos Health's revenue and market expansion. The global hospital disinfectant market's growth prospects further support the potential for increased sales and market penetration, both in the UK and internationally.
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