BioChemics, Inc. Announces Collaboration Agreement with Pacific Pharmaceutical Co., Ltd.DANVERS, Mass. -- BioChemics, Inc. (BCI BCI Bat Conservation International BCI Brain-Computer Interface BCI Business Continuity Institute BCI Business Cycle Indicators BCI Banco de Credito e Inversiones (Chilean bank) BCI Bell Canada International ), a company "enhancing drug delivery through biophysical modulation," is pleased to announce the signing of a research collaboration agreement with Pacific Pharmaceutical Co., Ltd, a publicly held Company in South Korea to evaluate the use of BCI's VALE[R] based compositions in cosmetic applications. Pacific Pharma is a fully integrated company with R&D, manufacturing, marketing and sales capabilities. BioChemics is a specialty pharmaceutical company that has developed a novel, transdermal transdermal /trans·der·mal/ (-der´m'l) entering through the dermis, or skin, as in administration of a drug via ointment or patch. trans·der·mal adj. Through or by way of the skin. drug delivery system called VALE[R] (Vaso-active Lipid Encapsulated), that allows a wide variety of actives to be delivered into the skin. "BCI is extremely excited about this collaboration with Pacific Pharma because we see the broader applications of our VALE[R] based technology for cosmetic procedures" said John J. Masiz, Esq., President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BioChemics. "Amore Pacific, the parent company to Pacific Pharma is one of the leading companies in cosmetics and healthcare industry in South Korea and we are delighted to be working with the Pacific Pharma team on this program." Aesthetic Market Opportunity Medical Insight, Inc., an independent aesthetic treatment market research firm, has estimated the number of procedures for all aesthetic treatments worldwide to increase by 5.6% per year from 81 million in 2008 to 101 million in 2012. The global aesthetic market was worth approximately $5 billion in 2008 and is expected to increase by 11.7% per year to $8.2 billion in 2012. In neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. China, the sales from cosmetic laser procedures have increased by 25% per year. About BioChemics, Inc. BioChemics is a pharmaceutical company that has developed a novel, transdermal drug delivery system for the first time that may allow almost any drug to be efficiently delivered through the skin. The transdermal technology, called VALE[R] (Vaso-active Lipid Encapsulated), may allow a substantial portion of the pharmacopeia pharmacopeia /phar·ma·co·pe·ia/ (-ko-pe´ah) an authoritative treatise on drugs and their preparations. See also USP. pharmacopei´al United States Pharmacopeia see under U. to be re-engineered, turning oral drugs into transdermals that are safer (no gastro-intestinal problems), cheaper and potentially faster acting (applied directly to the treated area) than oral equivalents. The company's focus is on multi-billion dollar market opportunities currently underserved by existing therapies. The company's two lead clinical products focus on treating diabetic peripheral neuropathy Diabetic peripheral neuropathy A condition where the sensitivity of nerves to pain, temperature, and pressure is dulled, particularly in the legs and feet. Mentioned in: Diabetes Mellitus and osteoarthritis osteoarthritis or osteoarthrosis or degenerative joint disease Most common joint disorder, afflicting over 80% of those who reach age 70. It does not involve excessive inflammation and may have no symptoms, especially at first. . Founded in 1989, the Company is headquartered in Danvers, Massachusetts Danvers is a town in Essex County, Massachusetts, United States. Located on the Danvers River near the northeastern coast of Massachusetts, Danvers is most widely known for its association with the 1692 Salem witch trials. . Additional information is available at http://www.biochemics.com. About Pacific Pharmaceutical, Co., Ltd. Pacific Pharma Corporation (Pacific Pharma) is a publicly held, fully integrated company in Korea with R&D, manufacturing, marketing and sales capabilities. Pacific Pharma is focusing on key therapeutic categories including: gastrointestinal, muscoskeletal, cardiovascular and dermatological dermatological, dermatologic pertaining to dermatology; of or affecting the skin. diseases and disorders. Pacific Pharma is a subsidiary of Amore Pacific, one of the leading companies in cosmetics and health care in Korea. Founded in 1983, the Company is headquartered in Seoul, South Korea. Additional information is available at http://www.pacificpharm.co.kr. VALE[R] is a registered trademark of BioChemics, Inc. |
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