Biologix Hair Inc. (OTCBB:BLGX)(OTCQB:BLGX) is pleased to report
the Company's clinician licensing results as of January 31st, 2013.
Biologix Hair's worldwide Clinician Licensing Department,
headquartered in Toronto, Canada, has contracted on behalf of
Biologix with 121 medical services clinics located in six different
countries, which have reserved certain exclusive purchase and
treatment rights for the Biologix Hair Therapy System(TM) and to be
licensed as certified Biologix Hair Therapy Centers(TM).
Based on information provided by the contracting clinics, the
total number of existing patients represented by these 121 clinics
is 372,440, of which the clinicians estimate approximately 205,919
will be interested in the patent-pending Biologix Hair Therapy
System(TM), if and when FDA and other market approvals are
forthcoming.
Donna Lieder, Biologix Vice President of Clinician Licensing,
stated, "I am very pleased with the successful launch of our effort
to build a global network of licensed medical practitioners seeking
to become Certified Biologix Hair Therapists(TM) and secure
exclusive territorial purchasing and treatment rights for the
Biologix Hair Therapy System(TM). The receptivity we have received
within the medical community has been overwhelmingly positive and
is a strong indication of how much potential demand exists for our
unique, patent-pending treatment.
"Keeping in mind that the numbers cited above are estimates
based only on the clinicians' existing number of patients and do
not include any forecasts related to potential new patients within
their respective territories who may be interested in the Biologix
Hair Therapy System(TM), there appears to be significant upside
elasticity in the markets being represented by these 121 clinics,"
continued Lieder.
Here is what a couple of the contracting clinicians had to say
about why they decided to join the certified Biologix Hair Therapy
Center(TM) team:
Danielle Brenza, Director of Operations for the Ageless Skin and
Laser Center in Sewell, New Jersey said, "I believe this innovative
technology will be ground-breaking for patients suffering with hair
loss."
Grant M. Gunderson, Director of Medical Services for the Hair
Restoration Institute of Pennsylvania said, "For us at HRI, wanting
to be the first with a Biologix territory was a no-brainer. As one
of the only true hair restoration clinics in Pittsburgh and the
surrounding area, we are constantly striving to give our current
and future clients the very 'latest and greatest' breakthroughs
when it comes to hair restoration. That's why we waited to buy a
laser until the FDA actually approved a salon laser (the MEP-90).
We're the only clinic in PA to have a true laser solution with
clinical results, not just cosmetic results. We waited to make sure
we found a transplant surgeon who was both board certified and
experienced enough to have the respect of his peers. We take our
business and its results seriously and only want the best for our
clients. After speaking with Donna Lieder and better understanding
what Biologix was doing, I signed up immediately, and am excited
every time I receive new mail about Biologix.
"Biologix is poised to become the leader in hair restoration...
HRI is poised to be the best comprehensive solution provider to an
ever growing hair loss industry, and we are excited about having
yet another real and proven solution for our current and future
clients," continued Gunderson.
The breakdown of the 121 clinics by location is as follows:
-- Bahamas (1)
-- Canada (9 in 6 provinces): Alberta (3), British Columbia (1), Manitoba
(1), New Brunswick (1), Nova Scotia (1) and Ontario (2)
-- Cayman Islands (1)
-- Philippines (1)
-- Turks and Caicos (1)
-- United States (108 in 31 states): Arkansas (1), Arizona (1), Colorado
(1), California (21), Connecticut (2), Florida (6), Georgia (7), Indiana
(4), Illinois (3), Kentucky (1), Maryland (1), Massachusetts (5),
Michigan (3), Minnesota (3), Nebraska (1), New Jersey (2), New Mexico
(1), New York (7), Nevada (2), Ohio (6), Oklahoma (1), Oregon (1),
Pennsylvania (1), Rhode Island (2), Tennessee (1), Texas (10), Virginia
(2), Washington (7), West Virginia (1), Wisconsin (1) and Wyoming (2).
Ron Holland, Biologix Director and CEO, stated, "Building out a
worldwide distributor network for our proprietary hair formula is
an essential part of our Company's business plan. As we continue to
pursue FDA and other regulatory approvals following our current
research program underway with the Beijing Institute of Technology,
we intend to maximize the immediacy of our potential to generate
revenues via this clinician distribution network. I am very pleased
with the great work Donna and her team have done to date and look
forward to reporting future numbers as they materialize and the
network expands."
About Biologix Hair Inc. and Biologix Hair Science Ltd.
Biologix Hair Inc. (Biologix Hair), together with its wholly
owned biotechnology subsidiary, Biologix Hair Science Ltd. (TM)
(BHS), is focused on realizing the full market potential for its
patent-pending hair loss formula - Biologix Revive - and its
demonstrated ability to prevent and reverse the effects of
alopecia, which plagues hundreds of millions worldwide.
Between mid-2004 and mid-2012, more than 30,000
pre-clinical-trial treatments of Biologix Revive were administered
to 5,000-plus patients in South America suffering with varying
degrees of alopecia, as well as people seeking preventive
treatment. The participating treatment clinicians subjectively
observed and reported that virtually 100% of preventive care
clients continued to retain their healthy hair and an estimated
80-85% of the males and 90-plus% of the females treated for hair
regeneration experienced significant regrowth of their own natural
hair. And among alopecia areata patients, virtually total hair
regrowth was observed in 100% of the cases. To date, no negative
side effects have been reported.
BHS is currently focused on obtaining FDA approval for its
breakthrough hair loss prevention and regeneration therapy and has
initiated a research and development program with one of the
world's leading medical research universities, the Beijing
Institute of Technology (BIT). The R&D program, expected to
take approximately twelve months to complete, is an important final
step before formal clinical trials and the FDA approval process
begins.
Additionally, on May 11, 2012, Venable LLP, the Washington-based
law firm overseeing the worldwide IP and regulatory approval
processes on behalf of BHS, filed a Patent Cooperation Treaty (PCT)
application on behalf of BHS for Biologix Revive in Geneva,
Switzerland. The PCT is an international treaty, administered by
the World Intellectual Property Organization (WIPO), to which 144
countries have as of now contracted, including Canada and the
United States.
Biologix management is determined to be in a ready position to
capitalize on the high-margin sales potential of the Biologix Hair
Therapy System(TM), if and when FDA and other major market
approvals are forthcoming.
As BHS advances the regulatory approval process, Biologix Hair,
together with wholly owned subsidiary companies operated by BHS,
are rapidly developing a global distribution network of licensed
clinicians and medicalpractitioners seeking to become Certified
Biologix Hair Therapists(TM) and secure exclusive territorial
purchasing and treatment rights for the Biologix Hair Therapy
System(TM).
Biologix Hair has decided not to risk creating any potential
regulatory conflicts by offering treatment outside the United
States and other major high-product-margin markets until FDA
approval has been granted. Therefore, the Biologix Hair Therapy
System(TM) is not yet available other than to the 5,000+ patients
who participated in the pre-clinical trials conducted in South
America.
To learn more about Clinician Licensing opportunities, Click
Here or call toll free +1 855.737.0333 or +1 647.344.5900.
Disclaimer
This announcement is not an offer to sell any Biologix Hair Inc.
("Biologix") securities. Offers for any given security are made
only through applicable offering circulars and related documents
filed with the SEC pursuant to the Securities Act of 1933 or the
Securities Exchange Act of 1934. Certain statements contained
herein and subsequent oral statements made by and on behalf of
Biologix may contain "forward-looking statements". Such
forward-looking statements are identified by words such as
"intends", "anticipates", "believes", "expects" and "hopes" and
includes, without limitation, the development of treatment centers
and approval from regulatory authorities. Forward-looking
statements express our expectations or predictions of future events
or results. They are not guarantees and are subject to many risks
and uncertainties. There are a number of factors beyond our control
that could cause actual events or results to be significantly
different from those described in the forward-looking statements.
Any or all of our forward-looking statements in this report or in
any other public statements we make may turn out to be wrong. We
undertake no obligation to publicly update or review any
forward-looking statements, whether as a result of new information,
future developments or otherwise. In Canada, Europe and the United
States, the Biologix treatment is not approved for use by Health
Canada, EMA or the FDA. The company makes no representations that
it will receive Health Canada, EMA or FDA approvals.
To view the image associated with this press release, click the
following link:
http://media3.marketwire.com/docs/851806_image.jpg.
Contacts: Biologix Hair Inc. Corporate Communications Toll Free:
+1 855.292.8585 Phone: +1
902.801.7920CorporateCommunications@BiologixHair.com
www.BiologixHair.com
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