Promisia Healthcare Limited logo

Withdrawal from the Australian Market

Operational Update5 September 2019PHLHealthcare

5 September 2019

PROMISIA INTEGRATIVE LIMITED – Withdrawal from the Australian Market


Promisia Integrative Ltd (NZX:PIL) advises that it has entered into a recall action agreement with the

Australian Therapeutic Goods Administration (TGA) to undertake a retail recall of Arthrem joint support

capsules.

Arthrem was supplied to one national pharmacy group and several smaller pharmacy chains and

independent pharmacies in New South Wales. All pharmacies supplied with Arthrem since its launch in

Australia in early 2018 will be contacted in the next 48 hours and asked to return any stock to the

wholesale supplier.

The company has advised in earlier announcements to NZX that it has withdrawn Arthrem from wholesale

distribution in Australia. There is a limited number of Arthrem bottles at the retail level in Australia.

The company has also requested voluntary cancellation of the Arthrem entry in the Australasian Register

of Therapeutic Goods which removes the requirement for registration of Arthrem as a listed

complimentary medicine.

The TGA has requested this action in view of the reported adverse reactions in New Zealand. Both the TGA

and the company note that there have not been any adverse reactions to Arthrem in Australia. The action

is precautionary and based on adverse reactions reported in New Zealand, many of which the company

disputes were as a result of taking Arthrem.



Rene de Wit

CEO

021 571000

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.

  • AFT — AFT Pharmaceuticals Limited: AFT earnings rise in line with guidance
    2019-11-20

    AFT Pharmaceuticals Limited, Le vel 1, 129 Hurstmere Road, Takapuna, Auckland 0622, New Zealand Incorporated in New Zealand ARBN: ARBN 609 017 969 REGIONAL PERFORMANCE Australian Revenue grew by 19% to $25.7 million from $21.6million in the same period a year…”

  • EBO — EBOS Group Limited: EBOS Annual Meeting 2019
    2019-10-14

    2 standards for all of our loyal pharmacy customers and this is a great credit to the skills and commitment of our team. As highlighted by the Chairman, we have over a number of years embarked on a significant capital investment programme within our Healthcare business. Th…”

  • ANZ — ANZ Group Holdings Limited: ANZ – Trading Halt of Securities
    2019-10-07

    NZX Limited Level 1, NZX Centre 11 Cable Street PO Box 2959 Wellington 6140 New Zealand Tel +64 4 472 7599 www.nzx.com Memorandum To: Market Participants From: NZX Product Operations Date: Tuesday, 8 October 2019 Subject : Australia and New Zealand Bank…”