Sohm wrapped up 2013
with expectations of full-year revenue growth of more than 55 percent. Such a
bold outlook is supported by a year of achievements and product launches.
Sohm is a generic
pharmaceutical manufacturer, developer, and marketer of a wide range of
products serving a broad segment of the therapeutics market. In February 2013,
the company marked its entrance into the United States’ lucrative cosmeceutical
market with the U.S. launch of its flagship skincare product called “FoHM by
SOHM™. This wasn’t any ordinary launch. Sohm was asked and obliged to be a
sponsor of one of the Oscar After Parties, placing its product in more than 300
celebrity gift bags.
FoHM by SOHM
contributed to the company’s first-quarter revenues, which achieved triple-digit
growth of 267 percent. The main driver, however, was the company’s concentrated
efforts to develop its over-the-counter (OTC) generic drug business.
In August, Sohm
opened up another revenue stream by unveiling a unique, first-of-its-kind
protein supplement called I-Prolec™ in India. I-Prolec™ as designed to help
people who have protein deficiency as well as athlete and sports persons who
have need of extra proteins, especially for vegetarian diet.
By November, Sohm
was ready to announce the expansion of its cosmeceutical product line with the
introduction of its Salic-2® Gel acne treatment. A few days later, Sohm
launched its umbrella brand, “SohMed™,” providing the company with a stronger
footing in the OTC medicines segment.
In announcing its
results for the first half of 2013, Sohm posted revenue growth of 116 percent,
reporting that nine-month revenue of $1.5 million had already surpassed revenue
of $1.2 million achieved in full-year 2012. This impressive growth, supported
by an equally as impressive year of product launches, validated Sohm’s
double-digit full-year guidance, as earlier noted.
For more
information, visit www.sohm.com
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