May 07, 2012 16:30 ET
SOHM Recognized as One of the Fastest Growing Pharmaceutical Companies in India
SOHM India Pvt. Ltd., Ahmedabad, Gujarat Facilitated as One of the Fastest Growing Pharmaceutical Companies in India
BUENA PARK, CA--(Marketwire - May 7, 2012) - SOHM, Inc. (PINKSHEETS: SHMN ) is a global generic pharmaceutical manufacturer, developer and marketer. They cover a vast range of products for almost all therapeutic segments. They are now established as one of the fastest growing Generic Pharmaceutical companies.
Indian subsidiary of SOHM, Inc., was appreciated and facilitated at 30th All India Conference of National Integrated Medical Association in the presence of Honorable Mr. Jay Narayan Vyas, Minister, Health and Family Welfare, Tourism, for the State of Gujarat, Mr.. Vidya Raghunandan Sharma Chairman, Central Council of Indian Medicine, New Delhi, Dr. Hemant Kosia, Commissioner Food & Drug Administration, Gujarat and many other distinguished guests. Mr. Ravindra Gandhi, Executive Director of SOHM India Ltd on behalf of Company received the award as "The Most Emerging Company in the Recent Past" by Mr. Jay Narayan Vyas.
Mr. Shailesh Shah, President & C.E.O., SOHM, Inc., expressed his happiness on achieving this feat within 4 years and stated, "SOHM is committed to achieve many more milestones like this. We worked determinedly and have achieved such a prestigious recognition.. SOHM is committed to all its stakeholders including business partners and society to contribute positively." Mr. Shah also added that this is a result of hard work and dedication from the entire Management Staff and employees of SOHM India Pvt Ltd.
SOHM, Inc., a growing generic pharmaceutical manufacturing and marketing company, has its global presence with a goal to gain continuous growth. The company has its presence in versatile healthcare segments such as Nutraceuticals, Dermatology and all other major therapeutic segments. SOHM is headquartered in North America along with its manufacturing units in India. SOHM`s generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia mainly. To know more about SOHM, Inc., please visit www.SOHM.com
This press release is containing many safe harbour statements such as, "project", "plan", "can", etc., keeping in mind the guidelines of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Such statements are subject to possible uncertain risks that may vary actual results from those intended in or expressed by the forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Sohm, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Global headquarters is located in North America with manufacturing sites in India. Generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia.
Generic pharmaceuticals are the chemical and therapeutic equivalents of brand-name drugs and are typically sold under their chemical names at prices substantially below those of the brand-name pharmaceuticals. Generics are required to meet similar governmental regulations as their brand-name equivalents and must receive regulatory approval prior to their sale in any given country.
Generic pharmaceuticals are benefiting from increasing awareness and acceptance on the part of consumers, physicians and pharmacists globally. Factors contributing to this increased awareness are the passage of legislation permitting or encouraging substitution and the publication by regulatory authorities of lists of equivalent pharmaceuticals, which provide physicians and pharmacists with generic alternatives.
SOHM believes that these factors, together with an aging population and a corresponding increase in healthcare costs, as well as the large number of branded products losing patent protection over the coming years, should lead to continued global expansion of the generic pharmaceuticals market.
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