January 24, 2025 — In a recent interview with Investor.News host Tracy Hughes, Brent Willis, President, CEO, and Director of Voyageur Pharmaceuticals Ltd. (TSXV: VM), discussed the company’s significant progress over the past year and outlined its future plans. Willis highlighted the company’s successful 2024, where they achieved major milestones including the development of all necessary formulations for their barium contrast products. The company also announced a pending partnership with a major pharmaceutical company to accelerate development of CT and MRI drugs, enhancing Voyageur’s vertical integration strategy—from sourcing minerals to producing radiology drugs. “North America is dependent on, so we’re going to be the first domestically produced radiology drug company,” Willis stated, emphasizing the importance of their role in a market valued at over $6 billion annually.
Furthermore, Willis touched upon the strategic importance of a Letter of Intent (LOI) signed with a multinational pharmaceutical company, explaining its potential to bring credibility and financial backing to Voyageur, which is crucial as the demand for radiology drugs rises with the increasing use of X-ray, CT, and MRI scanners. He noted, “having a big pharma partner coming in with you really gives credibility to everything that we’re doing and it’s going to allow us to finance all our operations.” In addition, Voyageur has made strides in the international market by securing its first sales contract in Latin America worth between $2.4 million and $2.6 million Canadian for one of their Health Canada licensed products, Smooth X. This marks a significant step towards their plans to launch sales in the U.S. by 2026, following FDA approvals.
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About Voyageur Pharmaceuticals Ltd.
Voyageur, a Canadian public company trading under the symbol VM on the TSXV, is in development of barium and iodine Active Pharmaceutical Ingredients (API) and intends to offer high-performance, cost-effective imaging contrast agents. With a strategic focus on vertically integrating the barium and iodine contrast markets, Voyageur aims to become a key player by producing its own barium, iodine, and new endohedral fullerene drugs (C60). Voyageur has developed five barium contrast products that have Health Canada licenses.
Voyageur’s business plan is set to generate cash flow by partnering with established third-party GMP pharmaceutical manufacturers in Canada thereby ensuring the validation of its products by regulatory agencies worldwide. As Voyageur solidifies its presence in the market, it plans to transition into a high-margin domestic manufacturer of radiology drugs, further expanding its revenue streams.
At the core of its operations, Voyageur owns a 100% interest in the Frances Creek barium sulphate (barite) project. Currently, the world’s pharmaceutical barium sulphate is almost entirely synthetically produced which management believes results in a less effective imaging quality product. Voyageur’s Frances Creek resource boasts a rare and exceptional grade mineral suitable for the pharmaceutical marketplace that Voyageur believes will replace the current synthetic products with higher quality lower cost imaging products.
Voyageur’s ambitious vision is to become the first vertically integrated company in the radiology contrast media drug market. By controlling all primary input costs, from the sourcing of raw materials to final production, Voyageur intends to ensure quality and cost efficiency. With its approach, it embodies the motto of “From the Earth to the Bottle,” highlighting Voyageur’s commitment to responsible sourcing and manufacturing practices.
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Disclaimer: Voyageur Pharmaceuticals Ltd. is an advertorial member of InvestorNews Inc.
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