RE:RE:RE:RE:VM research paper. Very thoroughThis JV you made mention of has been dissolved:
CALGARY, Alberta, March 20, 2020 (GLOBE NEWSWIRE) -- Voyageur Pharmaceuticals Ltd. (TSX.V:VM) (the “Company” or “Voyageur”) is pleased to announce the dissolution of the current joint venture with Chief Medical Supplies (“Chief”). Voyageur and Chief have worked together to create a new working relationship that is more beneficial to both parties. Voyageur will move the projects forward using manufacturing agreements in place of the joint venture structure.
Manufacturing agreements will allow Voyageur to expand its manufacturing base to other parts of the world and will allow full control of revenue and all aspects of the business. This strategy will lead to Voyageur owning and operating all aspects of the business. Voyageur’s new management continues to restructure the company to allow for maximum profitability going forward.
Brent Willis, CEO of Voyageur stated that, “dissolving the JV company has no effect on our capability to manufacture, as Chief is fully on board to continue as our manufacturing partner. What this does for Voyageur, is it allows the company to have greater flexibility to expand our business and grow in other parts of the world - our target customers for Voyageur’s barium & iodine products are not only North America based but international. Voyageur now has the ability find the most competitive manufacturing jurisdiction worldwide. Because of our stated from the earth to the bottle business model, this full integration strategy allows us freedom to find the lowest cost manufacturing here and abroad to maximise our profitability, in every operational jurisdiction.”