Navigation Links
The BioFusionary Corporation, Inc. Announces Intent To Complete Reverse Takeover Of Australia-Based Continuation Investments Limited
Date:7/29/2014

WHEAT RIDGE, Colo., July 29, 2014 /PRNewswire/ -- The BioFusionary Corporation, Inc. (TBC), a medical technology company focused on developing a proprietary electromagnetic induction platform with aesthetic and surgical applications, today announced it entered into an agreement under which TBC will merge with Australia-based Continuation Investments Limited (COT) in an all-stock transaction.

Upon completion of the transaction, the Company will initially trade on the Australian Stock Exchange under the code COT. Concurrent with the execution of the agreement, COT will conduct a minimum $A5.0 million capital fund raise. Proceeds will be used to manufacture and market TBC's flagship product, the BioFusionary Bebe™, in the U.S. The Company's operations will remain in the U.S.

The BioFusionary Bebe received 510(K) clearance from the U.S. Food and Drug Administration (FDA) on 10 March 2014. The device uses high frequency electromagnetic induction (EMI) to generate deep heat within body tissues and is indicated for the treatment of medical conditions such as relief of pain, muscle spasms and joint contractures.

The BioFusionary Bebe is a non-invasive system intended for use in medical settings. Evidence suggests that the device creates heat in the dermal plane, a one-to-four mm thin layer of tissue rich in collagen structural fibers. TBC scientists believe the heat and subsequent cooling cause collagen and other tissue proteins to re-associate and entangle, which appears as tightening and improved appearance of the skin surface. In clinical studies, the initial tightening occurred almost immediately with continued improvement weeks later.

TBC recently entered into a manufacturing agreement with a U.S.-based specialty medical device manufacturer to produce the BioFusionary Bebe. The Company will focus on a targeted local launch in select U.S. cities in the fall of 2014 prior to a worldwide launch in 2015.

"This is a tremendously exciting time to bring a new technology to the U.S. market. We're confident our collaboration with Continuation Investments Ltd will support our robust clinical program and ambitious commercial growth plans," said Damon Cox, TBC's President and Chief Executive Officer. "We're encouraged by the strong reception we've received from the medical community here as well as from potential global business collaborators."  

Cox was named president and CEO of TBC in April 2014 following two years at Pinnacle Life Sciences, an independent consultancy he founded and directed. Prior to that, he was involved in the commercialization of several multi-million dollar products with leading Fortune 500 public and private companies. Cox brings an extensive history of contracting, pricing negotiating and policy development to his new role at TBC. Cox additionally served as an U.S. Army officer in the elite 82nd Airborne and as a Ranger Company Commander.

TBC Chairman Kevin Marchitto, PhD and TBC Director Stephen Flock, PhD are co-founders of the Company and co-inventors of the Company's technology. They have co-authored 28 issued patents with more than 20 patents pending. TBC holds multi-jurisdictional patents and patent applications to protect its core intellectual property covering its EMI technology platform and other novel products.

About The BioFusionary Corporation, Inc.

TBC has a product pipeline based on its proprietary EMI technology. Potential follow-on applications for the BioFusionary technology include use in urinary incontinence and cartilage reshaping. Pre-clinical research suggests the technology may be efficacious in tightening ligaments in the pelvic region and intestinal track as well as in cartilage reshaping for individuals with airway blockage (e.g., deviated septum, stenotic trachea) and for ear and nose reconstructions. Additionally, TBC has developed a curable synthetic medical adhesive based on elastic polymers. The adhesive, which is "cured" using TBC's EMI technology, has potential surgical applications such as sealing lung tissue after resection and wound closure in soft tissues.

Forward-Looking Statements

This information includes "forward-looking statements" of The BioFusionary Corporation ("TBC") as defined by the Securities and Exchange Commission ("SEC"). All statements, other than statements of historical fact, included in this information that address activities, events or developments TBC believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors TBC believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond TBC's control. Investors are cautioned any such statements are not guarantees of future performance. Actual results or developments may differ materially from those projected in the forward-looking statements as a result of many factors, including our ability to obtain further FDA clearances or approvals, obtain CE Marking, cost effectively manufacture and generate revenues from the BioFusionary Bebe at a profitable price point, execute agreements required to successfully advance the Company's objectives, retain the management team to advance the products, overcome adverse changes in market conditions and the regulatory environment, obtain and enforce intellectual property rights, and realize value of intangible assets. Furthermore, TBC does not intend (and is not obligated) to update publicly any forward-looking statements. 


'/>"/>
SOURCE The BioFusionary Corporation, Inc.
Copyright©2014 PR Newswire.
All rights reserved

Related medicine technology :

1. Corporate News, Acquisitions: Herbalife Ltd, 3D Systems Corporation, Federal National Mortgage Association, Galena Biopharma Inc, Oncomed Pharmaceuticals
2. Senior Executives of Cytyc Corporation, and Constitution Medical, Inc., Announce the Launch of ATON PARTNERS
3. Positive Data, Pipeline Improvements & Market Expansion - Research Report on Abbott Laboratories, Stryker Corporation, St. Jude Medical, Cardiovascular Systems and MAKO Surgical
4. Precision Optics Corporation, Inc. Operating Results for Six Months Ended December 31, 2012 and Recent Operating Activities
5. Tomorrows Outlook in Todays Market - Research Report on Toyota Motor Corporation, Honda Motor Co., Ltd., Yahoo! Inc., AOL, Inc. and Aegerion Pharmaceuticals, Inc.
6. Medical Equipment Suppliers in Good Health - Research Report on Bruker Corporation, Agilent Technologies Inc., General Electric Company, Becton, Dickinson and Co. and Thermo Fisher Scientific Inc.
7. Buoyed by Forecasts, Where 2013 Leads - Research Report on ResMed Inc., Zimmer Holdings, Inc., Waters Corporation, Covidien PLC, and Medtronic, Inc.
8. Precision Optics Corporation, Inc. Announces Operating Results for the First Quarter Ended September 30, 2012
9. Statement from Mary Vogt, President of Home Access Health Corporation, manufacturer of the Home Access HIV-1 test system, the only over-the-counter HIV test previously approved by the FDA for at-home use.
10. Pharmacyclics Announces Date of Conference call to discuss Financial Results for Second Quarter of 2014
11. MiMedx Announces Record Second Quarter Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... 2016 The leader in accelerated orthodontics, OrthoAccel ... is the recipient of the 2015 Townie Choice Award ... II medical device that speeds up orthodontic tooth movement ... often associated with treatment, AcceleDent was selected by orthodontists ... Orthotown survey of the most reliable and ...
(Date:2/9/2016)... , Feb. 9, 2016  Increasingly, health care professionals ... vital signs with wireless technology. With the Vios Monitoring ... patient oversight and remotely detect problems before they become ... across in-hospital environments. the United States ... States . --> The Vios ...
(Date:2/9/2016)... , Feb. 9, 2016 The new report " ... 2015-2019" by Spearhead Acuity Business Research & Consulting group reveals that ... and neonatal market with a share of 36.4% in 2014 that ... America , the report also covers market analysis for Fetal ... Europe , Asia-Pacific , Latin ...
Breaking Medicine Technology:
(Date:2/9/2016)... ... February 09, 2016 , ... Dr. Rassouli, cosmetic dentist in Orange ... among the most popular cosmetic procedures in dentistry today, but the cost often leads ... them at risk of teeth whitening-related damage. For a limited time, Dr. Rassouli is ...
(Date:2/9/2016)... ... February 09, 2016 , ... METTLER TOLEDO ... lab personnel have a basic understanding of the techniques they use so they ... will help them reduce waste and rework to create a leaner overall lab ...
(Date:2/9/2016)... ... February 09, 2016 , ... Two renowned photographers, Robert Caplin (New ... adventure on the island, June 14-19, 2016, hosted by Four Seasons Resort Maui at ... After a successful debut in 2015, the Maui Photo Expedition workshop will ...
(Date:2/9/2016)... ... February 09, 2016 , ... Sir ... company , is proud to announce that many of their franchises have received ... service. The hard surface restoration franchises received customer recognition through positive reviews and ...
(Date:2/9/2016)... ... , ... Shark Finds and Kevin Harrington, and the Product Managers of AsSeenOnTV.pro are ... a newly patented product that has solved some of the basic problems golfers have faced ... dew or right after a rain shower, might understand the struggle of placing the club ...
Breaking Medicine News(10 mins):