Pharmaceutical Canada-based Fero Industries (OTCQB: FROI), the exclusive owner, producer and distributor of the type 2 diabetes treatment Sucanon, says it has entered into a distribution agreement with Premium Pharma. for the marketing and distribution of Sucanon in several countries in the Middle East region (Egypt, Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman, Jordan, Lebanon, Iraq, Sudan and Libya). Sucanon is one of only three approved drugs in the multi-billion dollar market for a class of diabetic medications called "insulin sensitizers," the company notes. 23 December 2011