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On Tuesday, the company put out news announcing that it has received the exclusive U.S. license to market and distribute an FDA approved homeopathic treatment for chronic pain. "We are extremely enthusiastic about this product, as it represents one of the first non-narcotic treatments for chronic pain," explained Frank Rizzo, Chief Executive Officer of XenaCare Holdings. "As we move towards our August launch, we plan to release full details about the product as well as its potential to compete effectively with current opiate-based drugs available on the market," he added.
Shares for Xenacare Holdings Inc. (OTCBB: XCHO | Quote | Chart | News | PowerRating) were steady in the early morning of trading on Tuesday and closed up five cents at closing.
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