HENDERSON, Nev., May 19, 2025 (GLOBE NEWSWIRE) — Nika Pharmaceuticals, Inc. (OTCQB: NIKA) presents projected revenue for each market with exclusive distribution agreement.
NIKA has previously reported an estimated potential €7.9 billion in revenue from its distribution agreement in Nigeria1. With similar contact terms for the UAE, Ukraine, Iraq, Jordan, and Syria, NIKA will receive €1,980 per each set of ITV-1 with two sets necessary for one treatment. Although the UAE, Iraq, Jordan, and Syria have a low combined HIV numbers totaling around 7,100 people2 with a projected revenue of around €28,116,000, AIDS/HIV has become a serious problem in the MENA region due to high mortality associated with the disease3. The ease of use, effectiveness, and affordability of NIKA’s treatment will help alleviate this issue.
The war in Ukraine has exacerbated the country’s issue with HIV due to low stocks of life-saving drugs and potential treatment disruption to nearly 78% of HIV patients on ART4. With 158,803 registered people living with HIV in Ukraine5, NIKA can potentially generate around €628 million and aid with this humanitarian crisis.
“Although the markets of Ukraine, UAE, Jordan, Syria, and Iraq are not as big as Nigeria, our mission is to not only chase profits, but also provide better and affordable life-saving drugs to those who have their lives at risk as they would otherwise not have access to treatment,” explained Dimitar Savov, CEO of NIKA.
About Nika Pharmaceuticals, Inc.
Nika Pharmaceuticals, Inc. (NIKA) is a pharmaceutical company, specializing in the treatment of HIV/AIDS, Hepatitis B and C, Rheumatoid Arthritis, Cancer, Diabetes, and all diseases, for which strengthened cell immunity is of vital importance. NIKA’s intellectual property includes six drugs in injection form – two of which have successfully undergone clinical trials with good treatment results – four drugs in tablet form, and eleven dietary supplements. NIKA’s goal is to not only achieve corporate profits, but to provide better and easier access to life-saving medicinal drugs and useful dietary supplements. Find more on www.nikapharmaceuticals.com.
Forward-looking Statement:
This press release contains forward-looking statements. Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “estimates,” “projects,” “intends,” “plan,” “can,” “will,” “would,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain.
1 See https://www.globenewswire.com/news-release/2024/07/18/2915494/0/en/Nika-Pharmaceuticals-Inc-NIKA-Signed-a-Distribution-Agreement-for-Nigeria.html
2 Based on www.unaids.org estimates.
3 See https://pharmacophorejournal.com/e7AoOTeg1j
4 See https://www.unaids.org/en/War-Ukraine-special
5 See https://www.who.int/europe/news-room/19-12-2023-on-the-frontline-of-the-fight-against-hiv–ukraine-s-resilience-and-who-s-support#:~:text=In%20Ukraine%2C%20the%20Ministry%20of,Ukraine%20is%20currently%20158%20803
CONTACT: CONTACT Clifford Redekop, Secretary COMPANY Nika Pharmaceuticals, Inc. PHONE (702)-326-3615 EMAIL info@nikapharmaceuticals.com WEB www.nikapharmaceuticals.com
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