Pharmchem Labs Pursues Cuban Market

20 September 1999 00:00  [Source: ICB Americas]

Pharmchem Labs, South Hackensack, N.J., is selling a range of products in Cuba, a market closed to US companies in most industrial sectors. "While we have no binding agreement with the government, we feel there is a very strong market for pharmaceuticals, nutrition and radioactive nutraceuticals," says Bruce McAdams, a vice-president of the company. "We are already deeply involved. We are showing them what we can do."

According to Cuba News, a specialized publication, an unrelated company named Pharmachem, based in Florida, has a license from the US Treasury Department to export 35,000 medical prescription packs to relatives of Cuban Americans still living in Cuba, where pharmaceuticals are in very short supply. Pharmachem of Florida was reportedly seeking to set up a mail-order business to supply Cuban clients with the products.

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