Entest BioMedical, Inc. Sees Entry Into $300 Million Veterinary Cancer Care Market Through Veterinary Hospital Acquisitions
04 September 2012 - 10:45PM
Marketwired
Entest BioMedical Inc. (PINKSHEETS: ENTB) (OTCQB: ENTB) a company
focused on veterinary biotechnology and veterinary hospital
acquisition / operation, announced today that it has begun the
process of interviewing qualified candidates to fill the Company's
newly created position of Director of Corporate Affairs.
A Company spokesman stated that, "The primary responsibilities
of the Director of Corporate Affairs shall be to identify
veterinary hospitals suitable for acquisition, substantially assist
in the structuring of those acquisitions, and work with the company
to integrate newly acquired veterinary hospitals into the Company.
The Company's current business model involves acquiring veterinary
clinics / hospitals to be utilized as potential distribution
channels for its products under development. The Company believes
that, in addition to serving as distribution channels for the
Company's immuno-therapeutic cancer vaccine for canines, these
clinics will be able to generate revenue for the Company from
current operations."
"Our primary goal is to continue growing the number of
Veterinary Hospitals we own," stated Dr. David Koos, Chairman and
CEO of Entest BioMedical. "In pursuing this segment of our business
model, we will be able to continue growing our asset base, increase
our current revenue stream and establish an initial distribution
channel for our products and therapies; the first of these products
being Entest's ImenVax immune-therapeutic canine cancer vaccine
currently under development. Having a qualified Director of
Corporate Affairs whose duties will consist primarily of
identifying hospitals for acquisition and who possesses the skills
required to substantially assist us in negotiating favorable
purchase terms will be valuable in assisting the Company in
achieving its goal of acquiring up to 10 additional veterinary
clinics within the next 16 months." Entest currently owns and
operates the McDonald Animal Hospital of Santa Barbara, CA which
the company purchased in 2011. This facility serves as both a
revenue source for Entest as well as a research facility for the
biomedical company.
Dr. Koos continued, "One in every three dogs will develop cancer
during its lifetime. Sadly, such cancers kill nearly half of all
pet dogs over the age of ten; animals that are family to millions
of pet owners. Pet owners are willing to pay the cost for the
necessary treatments meant to save the lives of their loved ones.
We believe we will be able to provide families the needed cancer
therapies for their canines, within the appropriate facilities,
should we continue pursuing our growth model. With the ASPCA citing
approximately 78 million dogs as pets within the United States, the
veterinary care market represents enormous revenue potential. It
has been estimated that the U.S. market for veterinary cancer care
amounts to approximately $300 million per year."
Dr. Koos concluded, "Canine cancer impacts 60% of all dogs over
six years of age in the United States
(http://dogcanceradvice.com/canine-cancer-information/overview/).
Cancer in canines is still predominantly treated through surgical
excision, chemotherapy and radiation therapy. These treatment
methods can be highly invasive and can result in numerous
unpleasant side effects. We believe our products under development,
which utilize the patient's own immune system to battle the cancer,
will be able to offer a lower cost, less traumatic alternative to
veterinarians and pet owners. As both the CEO of Entest and a
loving pet owner my objectives are twofold; to contribute economic
value to Entest as well as to contribute to the lifelong happiness
of families who are pet owners."
About Entest BioMedical Inc.:
Entest BioMedical Inc. (PINKSHEETS: ENTB) (OTCQB: ENTB) is a
developer of veterinary medicines that harness the animal's own
reparative / immunological mechanisms. The company's products
include an immuno-therapeutic cancer vaccine for canines
(ImenVax™). The company's immuno-therapeutic cancer vaccine
utilizes an encapsulation device as the vaccine delivery system and
requires a simple implant procedure.
Disclaimer
This news release may contain forward-looking statements.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Future events and actual results could differ materially from those
set forth in, contemplated by, or underlying the forward-looking
statements. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to, the effect
of government regulation, competition and other material risks.
Contact: Entest BioMedical Inc. David R. Koos Chairman & CEO
619.702.1404 Direct 619.330.2328 Fax Email Contact
www.EntestBio.com
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