Biologix Hair Inc. (OTCBB:BLGX)(OTCQB:BLGX) has appointed Dr.
Pankaj Modi to its Board of Directors and as Vice President of
Research and Development. Dr. Diego Castresana will remain as Vice
President of Research and Development for Biologix Hair Science
Ltd., the Barbados-based wholly owned biotechnology subsidiary of
Biologix Hair Inc.
Dr. Pankaj Modi, MD, PhD is a clinician and research scientist
with experience in numerous medical areas. He is founder and
president of NeoMed Chemotherapeutics Corp, which is developing a
cancer treatment option, founder and president of Transdermal Corp,
a dermatological specialty products company, co-founder and
president of SoftTouch Corp, which developed a minimally invasive
micro-needle device for injectable drugs, and founder and president
of Photodyne Therapeutics Corp, which developed a novel
dermatological therapy. Dr. Modi was founder, director and VP,
Research and Development, of Generex Biotechnology Corp, until
2005, which developed a spray formula for use in the treatment of
diabetes.
Previously, Dr. Modi gained 11 years of clinical experience
conducting numerous large-scale clinical studies for FDA approvals
in areas including diabetes, thrombolysis, management of various
skin diseases and aesthetic cosmetic dermatology. He holds more
than 25 US and Canadian patents and more than 280-plus world
patents on stabilized compositions, photosensitizer compounds, a
topical anesthetic formulation, pharmaceutical compositions,
devices and methods and drug and vaccine delivery systems. Dr. Modi
has obtained FDA approval for 13 drugs successfully over the past
five years and currently has seven applications in process. Among
the seven pending FDA approvals are five novel wound healing
formulations and devices and two generic drugs to treat
diabetes.
Dr. Modi is an adjunct professor of Internal Medicine at OVC,
University of Guelph, Canada; Instituto de Endocrinologia
Metabolismo y Reproduction, SA, Ecuador; Universidad de Buenos
Aires (UBA); Sociedad Argentina de Medicina Interna General, Cruz
Roja Boliviana; Associacao Medica Brasileira; Centro Universitario
de Ciencias de la Salud, Mexico; and Facultad de Salud Publica y
Nutricion, Universidad Autonoma de Nuevo Leon, Universidad Nacional
de Asuncion, UNA, Spain.
Dr. Pankaj Modi received his M.D. in internal medicine
(diabetology) from the Instituto de Endocrinologia Metabolismo y
Reproduction, SA/University of Florida and completed a
post-doctoral fellowship in neuroscience at McMaster University in
Hamilton, Canada. He earned a Ph.D. in chemistry, biochemistry and
biomedical sciences from the University of Toronto, a M.S. in
chemical engineering (polymer science) from New York University
(formerly Brooklyn Polytechnic) and a B.Sc. in chemistry, biology
and physics from the University of Bombay in India.
A Fellow with the Royal College of Medicine, UK, Dr. Modi is a
member of the American Diabetes Association, American Endocrinology
Society, American Pain Society, American Dermatological
Association, Associacao Medica Brasileira and Sociedad Argentina de
Medicina Interna General. He received faculty teaching awards three
years in a row and was awarded Best Researcher by Movement
Disorders and Psychiatry, McMaster University, Canada.
Ron Holland, Biologix Chairman and CEO, stated: "Dr. Modi's
proven ability to successfully design and implement end-to-end FDA
drug approval strategies time and again is remarkable. Dr. Modi
will design and manage a complete FDA approval strategy to
fast-track Biologix Hair Inc.'s ability to bring our patent-pending
Biologix Hair Therapy System(TM) to the global marketplace and
provide a viable solution to the many millions of men and women
around the world suffering from the effects of alopecia."
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 prevention and regeneration treatment -
the Biologix Hair Therapy System(TM) - 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 - the essence of
the Biologix Hair Therapy System(TM) - 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 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 as well as the ability for
Biologix to obtain adequate financing to meet its business
objectives. 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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