Biologix Hair Inc. Announces Upward Revisions to Initially Reported Clinician Licensing Numbers
April 11 2013 - 8:01AM
Marketwired
Biologix Hair Inc. (OTCBB:BLGX) (OTCQB:BLGX) announces that the
initial clinician licensing numbers reported in a February 6, 2013
press release were significantly understated for the period ending
January 31, 2013.
The number of contracting clinics 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) remains unchanged at 121; the number of
countries in which the clinics are located remains as originally
reported, six.
The upward revisions are related to the number of existing
patients represented by the 121 contracting clinics and those
patients likely to seek the Biologix hair loss prevention or hair
regeneration therapies, as reported on a clinic-by-clinic basis.
The initial report was based on data reflecting the number of
unique patients treated by each clinic over the previous
twelve-month period. However, after extensive discussions with
clinicians, Biologix has revised its data gathering and reporting
to reflect the number of unique patients treated by each
contracting clinic over the previous five-year period.
The previously reported number of unique patients represented by
the 121 contracting clinics has been revised upward from 372,440 to
695,365 - expanding the contracted Biologix patient universe by
322,925 patients.
The previously reported number of patients estimated on a
clinic-by-clinic basis that would be interested in either the
Biologix hair loss prevention or hair regeneration treatments and
are likely candidates for the Biologix Hair Therapy System(TM) has
been revised upwards from 205,919 to 244,131 patients.
Ron Holland, Biologix Director and CEO, stated, "It became
evident after extensive communication with literally thousands of
clinicians around the world that they consider their 'active'
patient base to be comprised of people treated during the past five
years - not twelve months.
"Subsequently, we have modified the time period of data
relevance from one year to five and standardized our clinician
licensing documentation accordingly. I thank Donna Lieder, Vice
President of Clinician Licensing, and the rest of her team for
their diligent efforts in ascertaining updated information for the
period ending January 31, 2013."
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 LLC, 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 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).
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.
Contacts: Biologix Hair Inc. Corporate Communications +1
647.494.8001 or Toll Free: +1
855.292.8585CorporateCommunications@BiologixHair.com
www.BiologixHair.com
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