Company Announcements

• Steri-Med Pharma production capacity doubled compared to 2023 levels
• Phase 2 Production scale-up expected to increase capacity five-fold by early 2026.

BOUCHERVILLE, QC , Nov. 6, 2024 /CNW/ - LSL PHARMA GROUP INC. (TSXV: LSL) , (TSXV: LSL.DB) ("LSL Pharma" or the "Corporation"), an integrated Canadian-based pharmaceutical company, announces having secured $1.4 million on new orders from international clients, as well as having completed the initial phase of production scale-up at its Steri-Med Pharma ("Steri-Med") plan.  The initial phase of production scale up has contributed to more than double the plant capacity compared to 2023 levels, and enabled Steri-Med to win new international contracts for its existing products.

"We are excited with the progress made to date at our Steri-Med facility. Historically, production capacity has been a limiting factor of growth for Steri-Med's revenues.  Following investments made thus far in 2024, we have more units available for non-Canadian sale", commented Francois Roberge, President and CEO of LSL Pharma. "Following the sale of more than 500,000 units of our Erythomycin 1 gram product to the US over the last year, international demand for Steri-Med's sterile ointment products is growing. Recently, we have been successful in opening new sales channels for Steri-Med's products which contributed to LSL Pharma securing $1.4 million of new orders over the recent months", added Francois Roberge.

The second phase of production scale-up will include the installation of a new fully automated sterile ointment production line (the "Second Line").   The Second Line is expected to be delivered during the first quarter of 2025 and to be operational early 2026, following installation and validation. 

"Once operational, the Second Line is expected to increase Steri-Med's production capacity five-fold compared to our current 1.2 million units production capacity, as well as free-up capacity to support the development of Steri-Med's first-to-market generic product pipeline", said Francois Roberge, President and CEO of LSL Pharma.

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ABOUT LSL PHARMA GROUP INC.

LSL Pharma Group Inc. is an integrated Canadian-based pharmaceutical company specializing in the development, manufacturing, and commercialization of high-quality sterile ophthalmic pharmaceuticals, as well as natural health products in solid and liquid dosage forms. For further information, please visit our website at www.groupelslpharma.com

SOURCE Groupe LSL PHARMA INC.