NuGen Announces Release of 2024 Annual Financial Results
Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices for the subcutaneous administration of therapeutics, announces the release of 2024 Annual Financial Results. Annual Financial Statements Reflect Commercial Ramp UpThe orders announced previously in 2024 were shipped during the fourth quarter of the year, and the sales were recognized at that time. NuGen had a record year of revenue, with an increase of 305% which...
2025-04-30 4:30 PM EDT
InsuJet Distribution Expands Across Canada
Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is please to report that distribution of The InsuJet™ will be expanded with increased availability across Canada connecting alongside health professionals."Following its Health Canada approval and our nationwide introduction at World Diabetes Day held on November 14th, 2024, The InsuJet™ device is already making a measurable difference in diabetes care across Canada"...
2025-04-24 4:30 PM EDT
NuGen Announces the Appointment of Liang Lin as Chief Executive Officer
Toronto, Ontario--(Newsfile Corp. - January 14, 2025) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce the appointment of Mr. Liang Lin as the new Chief Executive Officer of NuGen. Liang is the founder and CEO of Sol-Millennium Medical Group ("SolM"), an organization committed to transforming the medical device sector through innovative approaches and a strong focus on patient safety. He initiated the SolM...
2025-01-14 5:15 PM EST
NuGen Announces Canada-Wide Launch of InsuJet
Toronto, Ontario--(Newsfile Corp. - November 22, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce the national launch of InsuJet™ in Canada. The launch began on November 15, in conjunction with the commemoration of the World Diabetes Day, where InsuJet™ was celebrated and recognized at a special event held at Banting House in London, Ontario - the birthplace of Insulin. NuGen received an...
2024-11-22 5:15 PM EST
NuGen Announces Results of Special Meeting and Appointment of New Directors
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that its shareholders have approved Sol-Millennium Medical HK Limited ("Sol-M") and Nature Health Development (Hong Kong) Co. Limited ("Nature Health") as new Control Persons (as defined in the policies of the TSX Venture Exchange) of the Company. On September 20, 2024, Sol-M and Nature Health acquired an aggregate...
2024-11-14 5:15 PM EST
NuGen Announces Strategic Partnership with EziAutoJector Limited
Toronto, Ontario--(Newsfile Corp. - October 25, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce a strategic partnership with EziAutoJector® Limited ("EziAutoJector"), a company domiciled in Jersey, United Kingdom, for the delivery of U-100 insulin to individuals with diabetes and subcutaneous biosimilar products using NuGen's InsuJetTM device and consumables. U-100 insulin is the standard and most used strength today. Pursuant to a license,...
2024-10-25 5:15 PM EDT
NuGen Announces Closing of Private Placement of $10 million Secured Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - September 20, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that, further to its press release dated August 15, 2024, Sol-Millennium Medical HK Limited ("Sol-M") and Nature Health Development (Hong Kong) Co. Limited ("Nature Health") have completed their strategic investment in NuGen through the acquisition of an aggregate C$10,000,000 principal amount secured convertible debentures (the "Convertible Debentures") in...
2024-09-20 5:15 PM EDT
NuGen Announces Release of Financial Results for Q2 2024 & Update on Proposed Private Placement
Toronto, Ontario--(Newsfile Corp. - August 29, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices for the subcutaneous administration of therapeutics, announces the release of Q2 2024 Financial Results and is pleased to provide updates on commercial progress and its proposed private placement of up to $10 million secured convertible debentures (the "Offering"). Q2 Financial Statements Reflect Continued Commercial Ramp-UpFinancial results for the Quarter ended June 30, 2024 were in line...
2024-08-29 5:15 PM EDT
NuGen Announces Voting Results of Annual and Special Meeting
Toronto, Ontario--(Newsfile Corp. - August 21, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce voting results from the annual and special meeting of the Company's shareholders (the "Meeting") held on August 20, 2024. At the Meeting, shareholders voted in favour of all resolutions brought before them. Details of all resolutions that were voted upon are set out in the Management Information Circular...
2024-08-21 7:30 AM EDT
NuGen Announces Revised Terms of Proposed Private Placement of up to $10 Million Secured Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, announces that price protection has expired for its proposed non-brokered private placement (the "Offering") of up to $10,000,000 principal amount secured convertible debentures (the "Convertible Debentures") announced on July 10, 2024. As such, the Company has revised the terms of the Offering and adjusted the conversion price of the Convertible Debentures from...
2024-08-15 5:15 PM EDT
NuGen Receives Order for Repeat Demand in Mexico
Toronto, Ontario--(Newsfile Corp. - July 19, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that Science Link, the exclusive distributor of the InsujetTM in Mexico has placed an additional order for 4,500 Insujet injectors to support channel expansion and demand growth in the Mexico market. The revenue associated with the order is $525K, contributing an expected gross margin of $341K to...
2024-07-19 5:15 PM EDT
NuGen Announces Proposed Private Placement of up to $10 million Secured Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - July 10, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce its intention to complete a non-brokered private placement (the "Offering") of up to $10,000,000 principal amount secured convertible debentures (the "Convertible Debentures"). The Convertible Debentures shall mature on the date that is five (5) years from the closing of the Offering (the "Maturity Date") and shall bear interest...
2024-07-10 5:15 PM EDT
NuGen Develops Pharmacist Training Packages for the Canadian Retail Pharmacy Market
Toronto, Ontario--(Newsfile Corp. - July 9, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that it has formed a three-way partnership with Wholehealth Pharmacy Partners ("Wholehealth") and Sol-Millennium Medical Group ("Sol-M") to develop retail pharmacy training materials aimed at enhancing sales through major pharmacy chains in Canada.Training pharmacy staff is critical to sales growth & market penetration as the pharmacist serves as...
2024-07-09 5:15 PM EDT
NuGen Announces Completion of InsuJet(TM) Training with Sol-Millennium(TM) Brazil
Toronto, Ontario--(Newsfile Corp. - July 1, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that as of June 26, 2024, the commercial teams of Sol-MillenniumTM Medical Inc. ("Sol-MTM") in Brazil have successfully completed the sales and in-depth clinical training required for InsuJetTM's launch in the Brazilian market. This is the next step in the rollout plan for Sol-MTM as a key...
2024-07-01 5:15 PM EDT
NuGen Announces Repeat Order for Growing InsuJet(TM) Demand in Yemen
Toronto, Ontario--(Newsfile Corp. - June 28, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that Rosheta for Medicines and Medical Supplies ("Rosheta"), NuGen's exclusive distributor in Yemen, has placed a second order to fulfill growing demand in the country.The order includes 1,100 InsuJetTM units and associated consumables representing revenue of $147,000, and a gross margin contribution on the original sale of $102,900....
2024-06-28 5:15 PM EDT
NuGen Announces Initial Purchase Order from Sol-Millennium(TM) for Pharmacy Launches in the Canadian and European Markets
Toronto, Ontario--(Newsfile Corp. - June 21, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices for the subcutaneous administration of therapeutics, is pleased to announce that Sol-MillenniumTM Medical Inc. ("Sol-M") has placed its initial purchase order of 3,832 InsuJetTM injectors plus consumables to fulfill the first pharmacy orders received by Sol-M from distributors in Canada and Switzerland. NuGen is expected to deliver the devices starting in August through September 2024.The underlying...
2024-06-21 5:15 PM EDT
NuGen Announces Release of Financial Results for Q1 2024 & Updates on Strong Commercial Momentum in Q2
Toronto, Ontario--(Newsfile Corp. - May 30, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, announces the release Q1 2024 Financial Results and is pleased to provide an update on the strong commercial progress made year to date. Q1 Financials in Line with Management ExpectationsFinancial Results for the Q1 period were in line with management expectations. It was a period focused on fully preparing our newest distribution...
2024-05-30 5:15 PM EDT
NuGen Announces Debt Settlement and Amendments to Care4Pharma Share Purchase Agreement
Toronto, Ontario--(Newsfile Corp. - April 15, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") announces that it has agreed to settle an aggregate of €275,000 of indebtedness owed to Care4Pharma B.V. ("Care4Pharma"), an arm's length creditor (the "Creditor"), with respect to monies owed pursuant to the share purchase agreement between the Company and Care4Pharma dated June 30, 2021 (the "Share Purchase Agreement"), through the issuance of an aggregate of 2,000,000 common shares (the "Common Shares") of...
2024-04-15 5:15 PM EDT
NuGen Announces Completion of Product Training with Sol Millennium as European Markets Expand
Toronto, Ontario--(Newsfile Corp. - January 30, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to announce that as of January 30th, 2024, Sol-Millennium Medical Inc.'s ("Sol-M") global sales & marketing team has now completed their in-depth clinical training of NuGen's needle-free InsuJet™ medical device for sales and marketing throughout Europe. Louise Cresswell, NuGen's VP of Sales & Marketing for the UK and clinical expert,...
2024-01-30 5:15 PM EST
NuGen Receives Two Additional Sales Orders for InsuJet(TM) and Expands Distribution into Argentina, Chile, Costa Rica and Peru
Toronto, Ontario--(Newsfile Corp. - January 19, 2024) - NuGen Medical Devices Inc. (TSXV: NGMD) (the "Company" or "NuGen") a leading developer of needle-free devices to administer therapeutics subcutaneously, is pleased to report that its distribution partner in Mexico, Science-Link Trading SAPI de CV ("Science-Link") has expanded their distribution network to now include Argentina, Chile, Costa Rica and Peru. Science-Link is now also partnering with a large family-owned laboratory and clinic conglomerate ("Conglomerate Medical") which is expected to see Science-Link expand...
2024-01-19 5:15 PM EST