revo19 Jan 2014 20:55
some info from recs:
Revolymer, a pioneering company based a few miles from Chester, has developed a way to make nicotine gum just as effective but a lot more palatable. The group uses novel compounds that not only make gum softer and smoother, but also provide a fresh smell on the breath and clean the teeth.
The company received a major breakthrough last summer when a major Canadian retailer agreed to stock its nicotine gum. First shipments began at the end of last year and further supplies will be sent over the coming months and beyond. Revolymer has also signed a distribution agreement for its gum in eastern Europe and that should yield firm sales in the near future.
Talks are ongoing with businesses in the UK, too, and there are hopes that the gum will be in supermarkets in the next year or two.
Revolymer is loss-making at the moment and, as a relatively small, innovative business, the shares are not for the cautious.
But the group has signed two big deals in recent months and more are expected in the short-term. At 72.5p, the shares could deliver substantial rewards to the adventurous.
The company was founded in 2005 by Pettman, who has a PhD in chemistry and was a Nato sponsored Fellow at Stanford University in California. But he is not just a talented chemist. He set up an American contract manufacturing business, ChiRex, in 1996 and sold it four years later for more than $500million (£305million). He has also worked for chemical giant Bayer.
The nicotine gum market is valued at more than £750million a year globally. Well-known brands such as Nicotinell and Nicorette make up half the market, but the rest is made up of own-label gum, where chemists and supermarkets put their own names on the packets.
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