Sign In  |  Register  |  About Daly City  |  Contact Us

Daly City, CA
September 01, 2020 1:20pm
7-Day Forecast | Traffic
  • Search Hotels in Daly City

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Mangoceuticals, Inc. (MGRX) Expands Reach: Launches New Hair Growth Product ‘Grow’ and Strengthens Presence in Latin America with MangoRx Mexico

Mangoceuticals, Inc. (MGRX) Expands Reach: Launches New Hair Growth Product 'Grow' and Strengthens Presence in Latin America with MangoRx Mexico
“This has enormous implications for our growth trajectory going forward for several important reasons,” noted Jacob Cohen, MGRX Co-Founder and CEO. “First, ED medications...are available to consumers OTC in Mexico. That presents increased margin and sales volume potential for what we already produce and market here in the USA. Second, Mexico is a completely untapped market as our research indicates that we will be the only company offering an ED product in a flavored rapid-dissolve tablet...”
MangoRx (MGRX) is focused on developing a variety of men's health and wellness products and services via a secure telemedicine platform. To date, the Company has identified men's wellness telemedicine services and products as a growing sector and especially related to the area of ED and hair growth

Mangoceuticals, Inc. (NASDAQ: MGRX), through its subsidiary MangoRx Mexico, is targeting the ED market in Mexico and Latin America, a region with an untapped potential for ED medications. This strategic move, facilitated by Diaz Reus International Law Firm, aims to leverage the over-the-counter availability of other ED drugs. With the introduction of their unique flavored rapid-dissolve tablet, MangoRx seems to be poised to capture a significant share of this market.

Manufacturing and Distribution: Laying the Foundation

The company's focus now is on establishing strong manufacturing partnerships and gaining certification with COFEPRIS. These steps are crucial for securing a robust distribution network, aiming to reach over 40,000 pharmacies and retail outlets. This expansion is not a sudden pivot but a well-planned strategy, initiated in May 2023, to cement their presence in a market with a potential size of USD $216 million for ED pharmaceutical products.

International Recognition and Growth

Achieving COFEPRIS certification is not just a ticket to the Mexican market but also paves the way for expansion into other Latin American countries where ED medications are sold over the counter. This includes Columbia, Ecuador, El Salvador, Chile, Costa Rica, and Panama, significantly broadening MangoRx's international footprint.

Innovative Partnership with TRYBE Labs

In a parallel strategic move, MangoRx has teamed up with TRYBE Labs to provide FDA-approved at-home blood collection devices and testing services. This collaboration aligns with the company's commitment to innovative and convenient healthcare solutions, further enhancing its product lines that require physician-reviewed blood tests.

Affiliate Marketing and Consumer Empowerment

TRYBE Labs, with its focus on men's health, also joins MangoRx as an affiliate marketing partner, aiming to boost the visibility and sales of MangoRx’s wellness products. This partnership emphasizes the importance of accessible healthcare and addresses the stigma often associated with men's health issues.

Continued Expansion: MangoRx's Product Line Diversification

Mangoceuticals, Inc. (MGRX) has further diversified its product line with the introduction of 'Grow,' a hair growth treatment. This addition complements their existing ED drug, 'Mango.' 'Grow' is a unique combination of Minoxidil, Finasteride, Vitamin D3, and Biotin, formulated into chewable, mint-flavored tablets. This innovative approach aligns with MangoRx's philosophy of convenience and efficiency, avoiding the drawbacks of topical treatments.

Innovative Hair Growth Treatment: A Breakthrough in Men's Wellness

The launch of 'Grow' marks a significant step in MangoRx's mission to provide innovative health solutions. This custom-compounded treatment is designed to tackle male pattern baldness by promoting follicle development and preventing hair loss. The combination of clinically proven ingredients offers a promising solution for hair regrowth, emphasizing MangoRx's commitment to evolving and performance-driven products.

Medical Endorsement and Clinical Efficacy

Dr. Douglas Christianson, ND, an advisory board member of MangoRx, endorses 'Grow' for its evidence-based approach to hair restoration. The product's clinical efficacy in fostering hair regrowth and enhancing hair health makes it a medically sound choice for individuals addressing hair loss.

Addressing a Widespread Concern

With a significant portion of American men experiencing hair loss at an early age, 'Grow' responds to a widespread need for effective treatment. MangoRx's telemedicine platform facilitates easy access to this treatment, with physician-reviewed prescriptions and discreet delivery.

MangoRx's expansion into hair growth treatments, alongside its innovative ED products and strategic partnerships, showcases a holistic approach to men's health and wellness. This comprehensive strategy, combined with their commitment to innovation and accessibility, positions MangoRx as a potential frontrunner in the healthcare sector. For traders and investors, MangoRx's diverse product range and market expansion potentially represent a compelling opportunity for growth in the evolving healthcare market.

 

Watch the video below to learn more about MGRX:



Video Link: https://www.youtube.com/embed/lwVd2mKbG9s

MGRX is currently trading closer to its 52 week low (52 Week Range: $0.4200 - $4.3700)Considering the recent press releases and developments taking place at MGRX, there seems to be a significant upside potential for this NASDAQ stock. As always, conduct your own due diligence and follow traders vigilance.

In Monday morning's session, several penny stocks showed notable activity. Sirius XM Holdings Inc. (SIRI) saw a 6.79% increase at $4.955 with 11.64M shares traded. Gaotu Techedu Inc. (GOTU) rose 7.79% to $2.975, with 5.52M shares changing hands. Innoviz Technologies Ltd. (INVZ) jumped 16.11% to $2.09 with a volume of 15.69M shares. Bluebird bio, Inc. (BLUE) increased by 8.70% to $3.1089, trading 21.55M shares. Meta Materials Inc. (MMAT) saw a smaller gain of 2.30% at $0.0668 with 7.07M shares traded. These movements highlight the dynamic nature of penny stocks in the market

Sources:

https://finance.yahoo.com/news/mangoceuticals-launches-mangorx-mexico-subsidiary-130000423.html

https://finance.yahoo.com/news/mangoceuticals-selects-trybe-labs-nationwide-133000517.html

https://finance.yahoo.com/news/mangoceuticals-expands-mens-health-product-133000245.html

https://www.businessresearchinsights.com/market-reports/hair-growth-treatment-product-market-103000

 

Disclaimer: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Please ensure to fully read and comprehend our disclaimer found at https://investorbrandmedia.com/disclaimer/. InvestorBrandMedia.com has been compensated five thousand dollars by a 3rd party Bullzeyemedia LLC for advertisement and content distribution services on MGRX for 12/02/2023 to 12/31/2023. We own zero shares of MGRX. InvestorBrandMedia.com is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of InvestorBrandMedia.com is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like "believes," "anticipates," "estimates," "expects," "projects," "intends," or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.InvestorBrandMedia.com does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.InvestorBrandMedia.com is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by InvestorBrandMedia.com or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. InvestorBrandMedia.com is not a fiduciary by virtue of any person's use of or access to this content.

Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: investorbrandmedia@gmail.com
Phone: (954) 593-5597
Country: United States
Website: https://investorbrandmedia.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 DalyCity.com & California Media Partners, LLC. All rights reserved.