Full Press Release Details
to Present at 2023 Annual J.P. Morgan Healthcare Conference
USA - BARRANQUILLA, COL - December 29, 2022 - Procaps Group, S.A. (NASDAQ: PROC) ("Procaps" or the
"Company"), a leading integrated LatAm healthcare and pharmaceutical conglomerate, today announced that it will present at
the 2023 J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023, at 8:00 am PST. At that time, Procaps will present its 2023
growth plans to investors.
Minski commented "We look forward to updating our investors on our growth plans for 2023. Our business faced some industry challenges
in late 2022, notably with significant currency depreciation and continued inflation costs. We are adjusting our strategies to address
these challenges and protect our top and bottom lines. We will provide more detail on both our growth and expense reduction strategies
as part of this presentation. While we want to communicate that Q4 has been more challenging than expected, we remain confident in the
long-term prospects of our business and appreciate the urgency to employ key initiatives to protect shareholder value."
Group, S.A. (NASDAQ: PROC) is a leading developer of pharmaceutical and nutraceutical solutions, medicines, and hospital supplies that
reach more than 50 countries in all five continents. Procaps has a direct presence in 13 countries in the Americas and more than 5,300
employees working under a sustainable model. Procaps develops, manufactures, and markets over-the-counter (OTC) pharmaceutical products,
prescription pharmaceutical drugs (Rx), nutritional supplements, and high-potency clinical solutions.
more information, visit www.procapsgroup.com or Procaps' investor relations website investor.procapsgroup.com.
investor.procapsgroup.com
press release contains "forward-looking statements." Forward looking statements may be identified by the use of words such
as "forecast," "intend," "seek," "target," "anticipate," "believe,"
"expect," "estimate," "plan," "outlook," and "project" and other similar
expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements
include projected financial information; expectations related to the Company becoming one of the fastest growing pharmaceutical organizations
in Latin America. Such forward-looking statements with respect to revenues, earnings, performance, strategies, synergies, prospects,
and other aspects of the businesses of the Company are based on current expectations that are subject to risks and uncertainties. A number
of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These
statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements
to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we
have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are
based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain.
We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements
are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results,
including, among others, the ability to recognize the anticipated benefits of the acquisition of the Grupo Somar , the impact of COVID-19
and other potential future pandemics on the Company's business, costs related to the acquisition and integration of the Grupo Somar,
changes in applicable laws or regulations, the possibility that the Company may be adversely affected by other economic, business, and/or
competitive factors, and other risks and uncertainties, including those included under the header "Risk Factors" in the Company's
annual report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as the Company's
other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect,
actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be
required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.