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FDA
Registers World’s 1st Hot Pepper Nasal Spray As An OTC

Albany, NY (PRWEB) June 12, 2006 --
In 2003, SiCap Industries launched the world’s first hot
pepper nasal spray aimed at the sinus, headache and allergy markets.
The product known as “Sinus Buster” was an instant
hit with consumers and medical professionals around the world, but at
the time it was believed that “Capsaicin,” the
natural active ingredient in hot peppers would never be sanctioned to
receive an official NDC, (National Drug Code) number from the U.S. Food
& Drug Administration.
Now barely three years later, SiCap has received
official clearance to market their natural pepper nasal spray as an
official Homeopathic Over The Counter (OTC) medication. According to
SiCap officials, the significance of this FDA action is historic.
“We’ve been working hard over
the past three years to develop our Capsaicin nasal sprays into a
workable FDA approved Homeopathic OTC. Most OTCs are not comprised of
all natural ingredients, and the FDA criterion is pretty narrow for OTC
monographs. Luckily the FDA offers two sets of OTC sanctioned products.
The most well known products are registered under OTC Monograph rules,
but the other set adheres to Homeopathic rules, and Sinus Buster is
Homeopathically formulated. While Capsaicin is not approved to combat
headache, sinus and allergy symptoms under an OTC Monograph, it is
accepted under Homeopathic OTC rules. Our researchers worked closely
with our legal team to develop our original formula into the
world’s first Homeopathic Capsaicin nasal spray under the
rules of the FDA and the Homeopathic Pharmacopoeia of the United
States,” says Wayne Perry, president of SiCap Industries.
Through painstaking clinical research, the
“R&D” team at SiCap was able to develop
their product into a true “All Natural” medicine
that is safe to use indefinitely thanks to its’ Homeopathic
formulation. According to Perry, the result has been hugely rewarding
to every aspect of their business.
“Our original formula has always been
homeopathic due to its’ dilutions, but thanks to the guidance
of the Homeopathic Pharmacopoeia, we’ve been able to develop
that original idea for hot pepper nasal spray into an entire line of
sprays specifically designed to relieve symptoms for a variety of
ailments. And now we’re allowed to make official medicinal
claims for our Sinus Buster nasal sprays based on the rules of the FDA
and HPUS. As an official member of the NDC directory, we can now sell
our Capsaicin nasal sprays in the largest drug store chains. Sinus
Buster has officially taken its’ place in history as the
world’s first OTC registered Capsaicin pepper nasal spray,
and with patents pending on our entire nasal spray line,
we’re poised to capture the market we created in the first
place,” boasts Perry.
The original Sinus Buster “Sinus
& Headache” formula is already being sold on the
shelves of more than 1,500 stores throughout North America. With the
list of retailers growing weekly, SiCap has progressively increased
sales by an astounding 200% each year. Although Sinus Buster is
available in large health food and supermarket chains, the largest drug
retailers have yet to jump aboard due to the absence of official NDC
recognition. Today’s announcement means the world’s
first “Hot Pepper Nasal Spray” has gotten the
“Green Light” to drive into the nation’s
top drug store chains.
“We’re talking about the
giants of the drug business…..CVS; Walgreen’s;
Rite Aid; Cosco; Target; and Walmart pharmacies. Our company has
achieved a real first here, and best of all we did it with an all
natural formulation. It’s almost impossible to get a natural
formula sanctioned as an actual medication, and SiCap Industries has
done it,” adds Perry.
With sales expected to hit the 2 million dollar
mark in 2006, SiCap Industries is banking on becoming the next OTC
giant making “Sinus Buster” into a household name.
The company has confirmed they are presently reviewing offers from
several private capital investment firms hoping to take this high
performing “Start Up” to the next level. Not bad
for a company that started with a mere 500 dollar investment barely
three years ago.
Although company officials would not comment
specifically, there have also been rumors swelling around
SiCap’s interest in taking the company public in 2007.
“I can’t comment on that, but
I will say that a public offering would not be out of the question if
we had the right sponsors. With proper capital investment, SiCap could
easily be doing yearly sales of two hundred million dollars by 2010.
Without capital investment, we predict closer to twenty million
dollars,” says Perry.
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