Teligent Secures Critical Supply during Canadian National Drug Crisis despite Worldwide Shortage
Teligent, Inc. (TLGT)
Last teligent, inc. earnings: 11/4 04:15 pm
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Source: GlobeNewswire
TORONTO, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ:TLGT) (“Teligent”), a specialty generic pharmaceutical company, averted a national sterile water and sodium chloride crisis by securing inventory to cover 100% of the Canadian Market following a breakdown in the global supply chain. The hurricanes that hit Puerto Rico this past fall damaged one of the largest sterile water and sodium chloride supplier’s manufacturing plants, crippling supply and causing significant worldwide drug shortages. As a result, healthcare providers were forced to ration supplies or even delay treatments. This could have had dire consequences for patients that required time sensitive and emergency medical procedures. Sterile water and sodium chloride are essential components in the mixing of medications for injection. These products are used in treatments and medical procedures imperative to patients and caregivers as there are no suitable substitutions. Many of these medications are crucial
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