BIOMERICA ANNOUNCED THAT ITS INTERNATIONAL PATENT APPLICATION FOR IBS WAS REVIEWED BY THE ISA AND ALL CLAIMS HAVE BEEN DEEMED NOVEL AND NON-OBVIOUS.
Irvine, Calif. -- March 14, 2016 --
Biomerica Inc. (OTCQB: BMRA) announced that the International Search Authority (ISA) has deemed that all its International Patent Application claims for its composition and methods to identify trigger foods for Irritable Bowel Syndrome (IBS) are novel and non-obvious. The patent application seeks to protect its new product that identifies patient-specific trigger foods that may exacerbate IBS symptoms. Biomerica is developing both professional use and point-of-care versions of this novel product that already has a CPT reimbursement code. The point-of-care version is a simple blood test that can be performed in the physician's office.
It is estimated that over 45 million Americans suffer from IBS. If approved by the FDA, the product would be the only cleared diagnostic guided identification of IBS trigger foods.
Biomerica has already attracted the key opinion leaders in the field. Dr. Charles Carter, who was Executive Director of Medical Affairs at Salix Pharmaceuticals and active in managing the success of Xifaxan receiving FDA clearance has joined our team. He is now assisting Biomerica in managing the clinical process for attaining FDA clearance for this novel product.
“We believe these patents will create a broad barrier to entry preventing other companies from entering the market," said Zackary Irani, Biomerica CEO. "We are very excited about the prospects of this product in the IBS market. The ability to manage the symptoms of the disease by changing diet could help to decrease suffering among tens of millions of people around the world.”
About Biomerica (OTCBB: BMRA)
Biomerica, Inc. (www.biomerica.com) is a global biomedical company that develops, manufactures and markets advanced diagnostic products used at the point-of-care (in home and in physicians’ offices) and in hospital/clinical laboratories for the early detection 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 products for Gastrointestinal Disease, Diabetes and esoteric testing.
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