The Chief Executive Officer of COA Research and Manufacturing Limited Company, Prof Samuel Ato Duncan has announced a new product line that he anticipates will fetch Ghana $50 million each year.
The injectable medication is one of the four products the company intends to introduce onto the market.
The injection, he said, is still under research and will help fight virus and treat cancer.
The factory for this line of product will be constructed in the Ashanti Region on a tract of land the King of the Asante Kingdom, Otumfuo Osei Tutu II has given to the company.
Prof Ato Duncan made this known when the Asantehene paid a working visit to the factory based at Wusorkrom in Abura Asebu Kwamankese District in the Central Region on Sunday, September 8, 2024.
The visit concluded His Majesty’s three-day working visit to the Central Region.
Receiving Otumfuo and his delegation were the CEO, the Board Chairman, Daasebre Kwebu Awusi, the Deputy CEO, Dr Grace Bimpong, the Administrator, Dr Nsiah Agyemang and other management members.
Products
Walking the King through their line of products on the market and others yet to start and/or get approval, he said the company started with the production of COA FX which was withdrawn later after a controversy.
He said they then came out with COA Mixture, a 100% herbal and natural product for general well-being to fight diseases. He recalled that it was used in the treatment of COVID at its peak.
He also talked of COA Plus, an enhanced formula of COA Mixture and an immune system support against compromise.
“It helps fight varieties of diseases.”
Next was the COA Malaria Typhoid (MT) mixture made from Nim tree.
“Nim tree was used to treat malaria in the olden days. All its good elements have been extracted for this product.”
He also told Otumfuo about the COA Capsules which has been approved by the Food and Drugs Authority (FDA) and yet to be produced commercially.
Other products in the pipeline include COA Energy water, COA Balm and COA Ointment.
Awards
Prof Ato Duncan informed and presented his latest award from International Achievements Research Centre to Otumfuo.
This, he received, in 2022.
He also informed His Majesty about 35 others he had won at national and international levels.
He expressed his pride in the King and relayed his desire to make the King proud with his vision and ventures.
Praise
In his remarks, Prof Ato Duncan praised the Occupant of the Golden Stool for his confidence in his vision and the unflinching support he has given to the company ever since.
According to him, Otumfuo has excellently played the role of a patron since it’s establishment.
He noted that the role the King plays cannot be omitted whenever their success story has to be told.
“There is no way I will mention the success story of COA Research and Manufacturing Limited Company without Otumfuo. He has been a wonderful personality.”
Source: Manhyia Palace
