Biomerica, Inc. (Nasdaq: BMRA), (the “Company”) a global provider
of advanced medical products is pleased to announce advancements in
the roll out of the inFoods IBS product.
Expansion Into New Offices and Physician
Engagement: Biomerica has expanded its reach with adoption
by new offices in targeted regions, including the Southeast,
Northeast and Midwest. The Company's new salesforce has activated
over 30 new Gastrointestinal (GI) physician groups, each with
multiple GI physicians, and these new practices have begun
recommending the Company's revolutionary inFoods® IBS Product to
their IBS patients. Furthermore, the average increase in the number
of physicians prescribing inFoods more than doubled each quarter
over the past 12 months, reflecting growing adoption and trust
within the GI medical community.
The Company is also in discussions with large
non-GI physician groups for utilization of the inFoods IBS test.
This advances the strategic effort to expand to non-GI physicians
to provide cutting-edge non-pharmaceutical care options for
individuals grappling with chronic IBS conditions.
This continued expansion demonstrates growing
recognition and adoption of the inFoods IBS test in the medical
community, broadening Biomerica's influence in providing innovative
solutions for irritable bowel syndrome (IBS) while positioning the
Company for product revenue growth over the coming quarters.
Biomerica Advances Intellectual Property
Portfolio: Biomerica has also been issued notices of
allowance on five new patents in Japan, Canada and the EU, for a
total of 25 pending/issued patents worldwide. These allowed/issued
patents cover the Company’s inFoods Technology and validate the
novelty of this technology.
Patient Testimonials:
- "Using the inFoods IBS product has
led to a life changing outcome for me. The relief from symptoms has
significantly improved my daily life and I am immensely grateful" -
Sarah.
- “My test results showed I needed to
eliminate soy and eggs. Upon eliminating these two foods from my
diet, I felt better within days. Weeks later when I accidentally
ate soy again, the symptoms returned. I was surprised how exact the
test results were. So happy to have found this test, the relief has
been amazing" - Jane.
Robert Carlson, Chief Commercial Officer, added,
“We are on a mission to introduce a new, cost effective,
non-pharmaceutical option for the management of IBS symptoms by
helping patients identify foods that are possibly causing their IBS
symptoms.”
The American College of Gastroenterology (ACG)
reports that IBS impacts 1 in 20 Americans and that up to $10
Billion is spent each year in direct medical cost due to IBS. Yet,
due to the complexity of the disorder, and the lack of effective
therapies, IBS patients still struggle to find effective
relief.
The inFoods IBS product has been studied in a
prospective double blinded, placebo-controlled endpoint study at
several prominent medical centers including Mayo Clinic, Beth
Israel Deaconess Medical Center Inc. – a Harvard Medical School
Teaching Hospital, Houston Methodist Hospital, and the University
of Michigan. The study results demonstrated a significant
improvement in Abdominal Pain Intensity (API) (trial participants
with >30% reduction in pain) for IBS patients in the treatment
diet arm compared to those in the placebo diet arm (p-value of
0.0246).
Biomerica remains at the forefront of innovative
GI solutions, with the inFoods IBS product exemplifying its
dedication to improving patient lives. The Company remains
steadfast in its mission to enhance gastrointestinal care, reduce
healthcare costs, and improve the quality of life of approximately
750 million individuals suffering from IBS around the world.
About Biomerica (NASDAQ:
BMRA) Biomerica, Inc.
(www.biomerica.com) is a global biomedical technology company that
develops, patents, manufactures and markets advanced diagnostic and
therapeutic products used at the point-of-care (in home and in
physicians' offices) and in hospital/clinical laboratories for
detection and/or treatment of medical conditions and diseases. The
Company's products are designed to enhance the health and
well-being of people, while reducing total healthcare costs.
Biomerica primarily focuses on gastrointestinal and inflammatory
diseases where the Company has multiple diagnostic and therapeutic
products in development.
About inFoods® The inFoods IBS
test is designed to assess a patient’s above normal
immunoreactivity to specific foods utilizing a simple finger-stick
blood sample. Instead of difficult to manage broad dietary
restrictions, physicians can now use the inFoods IBS information to
make targeted, patient-specific recommendations about trigger foods
that, when removed from the diet, may alleviate IBS symptoms such
as pain, bloating, diarrhea and constipation. The inFoods IBS test
and clinical outcomes were studied at several prominent centers
including Mayo Clinic, Beth Israel Deaconess Medical Center Inc. -
a Harvard Medical School Teaching Hospital, Houston Methodist
Hospital, and the University of Michigan. The clinical results for
improvement in the Abdominal Pain Intensity (API) responder
endpoint of >30% reduction in pain, for IBS patients in the
treatment diet arm was greater than patients in the placebo diet
arm (p-value of 0.0246). The improvement for patients in the
treatment arm versus the placebo arm is considered clinically
significant and for certain endpoints is similar and, in some
cases, better than the current drugs in the market. Further
information about Biomerica’s patented inFoods® Technology Platform
can be found at: https://biomerica.com/inFoods/our-technology/.
The Private Securities Litigation Reform Act of
1995 provides a "safe harbor" for forward-looking statements.
Certain information included in this press release (as well as
information included in oral statements or other written statements
made or to be made by Biomerica) contains statements that are
forward-looking, such as statements relating to the Company’s
current and future sales, revenues, overhead, expenses, cost of
goods, operations and earnings, efficacy of the Company’s products
and tests, FDA and/or international regulatory authorization for
the Company’s products to be marketed and sold, including the
inFoods IBS product, and the Company’s other current and future
products, the possible expansion in to other markets, uniqueness of
the Company’s products, accuracy of the Company’s tests and
products, expected completion of clinical studies, pricing of the
Company’s test kits, domestic and/or international market adoption
and acceptance and demand for the Company’s products, future use of
the Company's products by physicians to treat their patients,
potential revenues from the sale of current or future products.
Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results,
in the future, including, without limitation: earnings and other
financial results; results of studies testing the efficacy of the
Company’s inFoods tests and other products; regulatory approvals
necessary prior to commercialization of the Company’s products;
availability of the Company’s test kits and other products;
capacity, shipping logistics, resource and other constraints on our
suppliers; dependence on our third party manufacturers; dependence
on international shipping carriers; governmental import/export
regulations; demand for our various tests and other products;
competition from other similar products and from competitors that
have significantly more financial and other resources available to
them; governmental virus control regulations that make it difficult
or impossible for the company to maintain current operations;
regulatory compliance and oversite, and the Company’s ability to
obtain patent protection on any aspects of its diagnostic or
therapeutic technologies. Accordingly, such results may differ
materially from those expressed in any forward-looking statements
made by or on behalf of Biomerica. Additionally, potential risks
and uncertainties include, among others, fluctuations in the
Company's operating results due to its business model and expansion
plans, downturns in international and or national economies, the
Company's ability to raise additional capital, the competitive
environment in which the Company will be competing, and the
Company's dependence on strategic relationships. The Company is
under no obligation to update any forward-looking statements after
the date of this release.
Corporate Contact:
Zack Irani 949-645-2111
investors@biomerica.com
Source: Biomerica, Inc.
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