Biomerica Launches At-Home Sample Collection for inFoods® IBS, Significantly Expanding Access for Millions of IBS Sufferers
July 01 2024 - 7:47AM
Biomerica, Inc. (Nasdaq: BMRA), a global provider of advanced
medical products, is proud to announce a major enhancement to its
inFoods® IBS system, aimed at simplifying and transforming the
patient experience.
Empowering Patients & Physicians
Through Self-Collection The inFoods® IBS diagnostic test
has made a significant advancement with the introduction of a new
patient self-collection system. This innovative system utilizes a
simple, minimally invasive finger-stick device that enables
patients to collect their own blood samples at home, bypassing the
need to visit healthcare facilities. This enhancement enables the
inFoods® IBS product to be marketed and provided nationally through
telehealth and online medical providers, significantly expanding
access to millions of IBS sufferers who may not live near a GI
physician offering the product. The Company believes this could
have a significant positive impact on inFoods® IBS revenues by
reaching a broader patient population.
“Our goal is to deliver cost-effective,
non-pharmaceutical solutions that manage IBS by pinpointing and
eliminating specific dietary triggers,” said Zack Irani, CEO of
Biomerica. “This innovation is an important step to opening access
to IBS patients and their healthcare providers.”
Impact of IBS and Economic
Burden The American College of Gastroenterology reports
that one in twenty Americans is affected by IBS, contributing to an
annual expenditure of up to $10 billion in direct medical costs.
Despite this significant impact, the complexity of the disorder has
historically hindered the development of effective treatments,
leaving many to struggle with inadequate relief.
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 into 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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