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Development Timeline

1H – 2019

  • Research and Consultation of opportunity by EPPAD organization.
  • Eppad Pharma investment group inaugural meeting

2H – 2019

  • Identified potential founders
  • Creation of interim board of directors
  • Meetings with Stakeholders (U.S. and Ethiopia)
  • EPPAD Pharma incorporated

1H – 2020

  • Bi-monthly board meetings
  • Business Plan
  • Consultations with Ethiopian Embassy, and Ethio-American Doctors Group
  • Search for reputable firm to conduct feasibility study

2H – 2020

  • Feasibility Study Conducted
  • First series of funds raised from founders
  • Strategic priorities identified.
    1. Manufacturing
    2. Import & Distribution
    3. Partnership

1H – 2021

  • Meetings with banks, investors, Advisors and Suppliers
  • Consultation to establish affiliate organization in Ethiopia
  • Second series of funds raised
  • Feasibility Study Completed

2H – 2021

  • New CEO appointed
  • Board Chair, Secretary and Treasurer appointed
  • Passed a resolution to build or purchase existing plant.
  • Search for additional board members

1H – 2022

  • Four additional board members joined board of directors
  • EPPAD Pharmaceuticals Inc. established a subsidiary in Ethiopia.
  • EPPAD Pharma also established an affiliate in Ethiopia, Pharma Ethiopia PLC.
  • The two companies formalized a joint venture EPPAD Pharmaceuticals Manufacturing Ethiopia PLC.
  • Secured Investments license and national registration

2H – 2022

  • Secure investments for initial series of funding
  • Negotiate the acquisition of an existing facility.
  • Investigate options for Plan B and approved the plan to be executed at the Kilinto Industrial Park
  • Complete formalities to acquire land in Kilinto Industrial Park
  • Short term Strategic priorities indentified
    1. Finance strategy
    2. Implementation strategy
    3. Completion of design work

1H – 2023

  • Acquire land at the Kilinto Industrial Park
  • Finalize Design and Permits for Construction
  • Contracting with Contractors
  • Break ground on new construction
  • Assess and finalize suppliers
  • Secure investments for second series of funding
  • Evaluate business models;
    1. Import & Distribution
    2. Partnership

2H – 2023 – 2H-2024

  • Construction in Progress
  • Raw Material Procurement
  • Machinery Procurement
  • Human Capital Identification and Allocation
  • Develop and Implement Marketing Strategies and Tactics
  • Test Production

1H – 2022

  • Four additional board members joined board of directors
  • EPPAD Pharma established an affiliate in Ethiopia, Pharma Ethiopia PLC.
  • Formalized a joint venture EPPAD Pharma in Ethiopia
  • Secured Investment license and national registration

2H – 2022

  • Secure investments for initial series of funding
  • Close escrow on building or acquiring existing plant.
  • Short term Strategic priorities identified.
  • Finance strategy
  • Implementation strategy
  • Completion of design work

1H – 2023

  • Break ground on new construction or renovate existing plant
  • Assess and finalize suppliers
  • Secure investments for second series of funding
  • Evaluate business models:
    1. Import & Distribution
    2. Partnership

2H – 2023

  • Raw Material Procurement
  • Machinery Procurement
  • Human Capital Identification and Allocation
  • Develop and Implement Marketing Strategies and Tactics
  • Test Production

Key Milestones – Now & Near Future

STAGE

OUTPUTS

TIMING

PHASE 1

– Acquisition Land in Klinto Industrial Park

– Engineering Design work and Permit

– Contracting and Earthwork

-Resoruce Mobilization

2-6 MONTHS

PHASE 2

– Building Construction

– Raw Material Procurement

– Machinery Procurement

-Human Capital Identification and Allocation

6-18 MONTHS

PHASE 3

– Develop and Implement Marketing Strategies and Tactics

– Recruitment and Training

– Development of Manuals and Procedures

– Qualification and Validation

4-8 MONTHS

PHASE 4

-Validation and Commissioning

-Test Production

8-18 MONTHS