Innovus Pharmaceuticals, Inc. (“Innovus Pharma” or the “Company”) (OTCQB Venture Market: INNV), an emerging commercial-stage pharmaceutical company that delivers safe, innovative and effective over-the-counter medicine and consumer care products to improve men’s and women’s health and respiratory diseases, today announced that its Delta Prime Savings Club™ E-commerce marketplace (the “DPSC”) is on track for annual sales of approximately $3 million. The DPSC, one of Innovus Pharma’s main E-Commerce marketplaces, was purchased by the Company in early 2019 for approximately $35,000 plus ~$300,000 in inventory and specializes in selling many types of consumer products in addition to the Company’s OTC ANDA and supplement products and other general consumer care products.
“We are very pleased to announce the progress relating to our DPSC E-commerce marketplace,” said Innovus Pharma CEO, Dr. Bassam Damaj. “We purchased the DPSC in early 2019 and are very happy with its progress to date. In addition, we are also looking forward to growing our other E-commerce marketplaces, namely Supplementhunt.com, our discounted supplement site, ICareSup.com, our Asian direct to consumer site expected to launch soon, and to grow our 11 Amazon® stores as well as our other e-commerce sites globally. We are continuously growing these sites in order to diversify our businesses across the world,” he continued. – Bio Space