Medifocus, Inc. Announces Global Market Expansion with Prolieve® Performed and Reimbursed by Insurance Carriers in Hong Kong...
January 03 2019 - 9:15AM
Medifocus, Inc. (OTCQB: MDFZF and TSXV: MFS) ("Medifocus" or the
"Company"), a biotechnology company with a portfolio of medical
products encompassing thermotherapy systems for the treatment of
Benign Prostatic Hyperplasia (BPH) and Breast Cancer, today
announced its Prolieve® Thermodilatation™ procedure for the
treatment of BPH have been performed and reimbursed by insurance
carriers in Hong Kong.
Dr. William Jow commented, “We are pleased that
our efforts, together with the contribution from our Asian
partners, are starting to yield tangible financial results from
Prolieve® sales. Through our resolution in promoting Prolieve® in
Asia and after having presented at three major international
conferences within the past 16 months, I would like to see
Prolieve® sales start to pick up in the near future both
domestically and internationally. We are pleased to enter the
fast-growing Asia markets where BPH and cancers of the prostate and
breast are quickly becoming major public health concerns.” Dr. Jow
continued, “Now for the first time outside of the U.S., Prolieve®
has been performed and reimbursed by insurance carriers in Hong
Kong, which is a very important milestone for our Global Market
Expansion. We are also in the process of helping our Asian partners
open up Prolieve® markets in South Korea, Malaysia, Thailand,
Singapore and China as well. While we strive to expand our global
markets, we also explore opportunities in utilizing Prolieve® as a
Minimally-invasive Focal Therapy treatment option for early
prostate cancer patients, especially those men who elect to undergo
active surveillance rather than surgery or radiation.”
Dr. Jow added, “Another exciting news was our
recent submission of a patent pending Microwave Thermotherapy and
Cluster Tissue Ablation biotechnology, adding to a large portfolio
of domestic and international patents already granted to Medifocus
in the past. Our innovative cutting-edge technology will
likely reduce systematic toxicities of radiation, chemotherapy
and/or immunotherapy agents such as checkpoint inhibitors, which
can be used as combination therapy for better cancer control and
can be applied to our Prolieve® ThermoDilatation™ and APA 1000
Microwave Focal Therapy table developed by M.I.T. In closing,
Medifocus is the leader in Microwave Thermotherapy and is currently
engaging prospective in-licensing venture partners in perfecting
our innovative Cluster Tissue Ablation biotechnology platforms in
treating prostate, breast and other cancers.”
About the Prolieve® Thermodilatation™
System
The Prolieve® Thermodilatation™ System offers
potential relief to the millions of men who suffer from Benign
Prostatic Hyperplasia (BPH), a condition that becomes common as men
age. About half of men over 50 have some enlargement of the
prostate gland, and this rises to about 90% among those over 70. As
the prostate enlarges, it constricts the urethra, thereby
restricting the passage of urine. Persistent restriction and
further progression of BPH, if left untreated, often results in
worsening of lower urinary tract symptoms (LUTS). Further
complications of this process may result in urinary retention,
bladder stones and infection, as well as compromised bladder and
kidney function.
The Prolieve® System is a novel focused heat
therapy which utilizes a unique combination of focused heat energy
directed at the prostate in combination with a patented, water
cooled and pressurized dilatation balloon to achieve immediate and
long-term relief of BPH symptoms with very minimal treatment
related side effects after a brief in-office procedure performed
under local anesthesia. The unique advantage of this combined "heat
plus compression" therapy is twofold: first, the heat denatures
local tissue proteins of the (balloon) dilated urethra, resulting
in an expanded and stiffened urethral lumen functioning as a
biological stent. Second, the compression reduces local blood flow
thus increasing the thermal efficiency of the microwave energy to
achieve apoptosis and tissue ablation in the targeted prostate
gland. As the transurethral microwave energy is applied to the
entire prostate, a computerized feedback system involving the
rectal temperature probe renders the rectal temperature not to
exceed 41-42 ◦C, thus ensuring safety of the rectal wall and
neurovascular bundles essential to preservation of erectile
function.
About Medifocus, Inc.:
Medifocus, Inc. (TSXV-MFS, OTC-MDFZF) is a
Biotechnology Company with a portfolio of medical technologies that
utilize patented Focal Thermal Technology to treat conditions
ranging from Prostate Diseases to Breast Cancer. Its Prolieve®
Thermodilatation™ System offers symptomatic relief to men with
Benign Prostatic Hyperplasia (BPH) through a simple, fast,
in-office treatment. Prolieve® is both FDA and Medicare approved
for treating symptomatic BPH with over 100,000 cases performed in
the U.S. alone, and with proven long-term safety, efficacy and
durability. Its APA 1000 Breast Cancer Treatment System was
licensed from Massachusetts Institute of Technology and developed
by the Medifocus team. The Targeted Focal Thermotherapy has been
demonstrated in Phase 2 clinical trials to offer significantly
better tumor shrinkage in patients treated with the combined
Chemothermal therapy compared those treated with Chemotherapy
alone. APA 1000 was also shown to be effective in reducing margin
positivity among patients treated with such thermotherapy prior to
lumpectomy.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more details, please visit:
www.medifocusinc.com
www.prolieve.com
www.facebook.com/pages/Medifocus-Inc-Company-Page/546315028715627Company
Relations: Medifocus, Inc. Tel: 410-290-5734 Email to
info@medifocusinc.com
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