Mangoceuticals Subsidiary, MangoRx Mexico, Executes Technical Agreement with Mexican Pharmaceutical Manufacturer for Initial Development and Production of its Mango Erectile Dysfunction (ED) Products

Signifies the first major step towards the application process for the certification of its
Mango ED oral dissolvable products by Mexico’s health governing agency, COFEPRIS

Dallas, Texas, April 12, 2024 (GLOBE NEWSWIRE) -- Mangoceuticals, Inc. (NASDAQ: MGRX) (“MangoRx” or the “Company”), a company focused on developing, marketing, and selling a variety of men’s health and wellness products in the area of erectile dysfunction (ED), hair growth and hormone replacement therapies is excited to announce that its subsidiary, MangoRx Mexico S.A. de C.V. (“MangoRx Mexico”), has secured and executed a technical agreement with Emifarma S.A. de C.V (“Emifarma”) for the initial stages of development and testing (Bioequivalence and Accelerated Stability, required to obtain registry from COFEPRIS) of the Company’s Mango ED products intended for the Mexican and Latin American markets.

Founded in 1998 by a group of pharmaceutical professionals with experience in Development, Production and Quality, Emifarma is a Mexican company that employs more than 100 workers and has 4 plants that specialize in: Hormonal, Injectable, Additive and Oral Solid (tablet and powdered) products where they serve as a manufacturing partner for some of the most relevant pharmaceutical companies both domestically and internationally, operating in Mexico. Emifarma is Certified for Good manufacturing Practices (GMP) by the following organizations: COFEPRIS, INVIMA, Ministry of Health of the Republic of Peru.

“This marks an enormous milestone for MangoRx as this signifies the most crucial first step in our highly anticipated planned expansion into the Mexican and Latin American markets,” noted Jacob Cohen, MangoRx’s Co-Founder and CEO, who continued, “As we had noted earlier upon our announcement of this growth initiative, establishing a pharmaceutical manufacturing partner was the catalyst necessary to begin product development for testing as required for the application and certification with the Comisión Federal para la Protección contra Riesgos Sanitarios (“COFEPRIS”). Assuming such approval is obtained, we expect to be able to start marketing and selling our Mango ED products to the more than 40,000 pharmacies, retail outlets, and convenience stores across Mexico.”