CLAREMONT, Calif., Aug. 29, 2016 /PRNewswire/ -- Today, Redwood Scientific Technologies Inc., the leader in thin film sublingual delivery of over-the-counter (OTC) drugs, is honored to announce its ranking at number 469 for the 35th Annual Inc. 5000, an exclusive ranking of the nation's fastest growing private U.S. companies. To make it among the top 500 U.S. companies on the list, honorees met at least a tenfold growth rate over the past three years. Redwood Scientific Technologies Inc. surpassed this requirement with a three years' growth of 813.8 percent. Known for its innovation in the treatment of nicotine addiction over the past 3 years, Redwood Scientific Technologies Inc. has developed a product that has the potential to stop the chain of addiction for nicotine based products.
"From day one, our mission has been to challenge the delivery system of medicine with a push for a more precise and effective dosage through thin film sublingual technology, said Jason Cardiff, CEO Redwood Scientific Technologies Inc. As the industry evolved we focused our initial products on large scale lifestyle issues such as smoking cessation and sleep aid products. Redwood Scientific Technologies Inc. believes we are seeing the end of the pill as a primary delivery system for medicine as we know it. We plan to own the space of thin film delivery over the next 60 months."
By bringing on an accomplished staff, capitalizing on the social media trends and market and developing compatible new sales offerings, Redwood Scientific Technologies Inc. has grown into the unmatched leader in this new space, with several very exciting products in its pipeline.
The 2016 Inc. 5000 is the most competitive fastest growing private companies list in U.S. history. Rankings are published online at Inc.com with the top U.S. 500 companies also featured in the September issue of Inc. Magazine. The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs.
About Redwood Scientific Technologies Inc.
Redwood Scientific Technologies Inc. is a life science based company that is challenging the way medicine is delivered to the human body, through a very exciting process of repurposing active ingredients into thin dissolvable mouth strips which have up to 10 times the delivery rates compared to the pill. Redwood Scientific Technologies Inc.'s leading product in the smoking cessation category is the only nicotine replacement therapy product on the market with the thin film as a delivery system that truly contains no nicotine as its active ingredient.
In 2015, Redwood Scientific Technologies Inc. received its second FDA drug number for an over-the-counter based thin film product. Visit http://www.redwoodscientific.co for more information.
About the Inc. 500|5000: http://www.inc.com/inc5000.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/redwood-scientific-technologies-inc-ranks-469-fastest-growing-companies-in-2016-inc-5000-list-300319455.html
SOURCE Redwood Scientific Technologies Inc.