Biocia Inc. & I-MED Pharma Inc. align with Sam Poong Fine Chem. Co., Ltd. in Korea

July 31, 2015

Biocia Inc. (Biocia), a New Jersey-based biotechnology company announced a long term distribution alliance with Sam Poong Fine Chem. Co., Ltd. (Sam Poong), a Seoul-based company in Korea through their exclusive international distribution agent, I-MED Pharma Inc. (I-MED), based in Montreal, Canada.  The alliance will enable Sam Poong to introduce and commercialize Biocia’s viscoadaptive eye drop innovations in Korea for treatment of Ocular Surface Disorder (OSD) such as dry eye disease (DED).  Current Biocia Distribution partners sell Biocia’s products in North America, Middle East, South America, Australia, Asia and Europe.

Viscoadaptive eye drops are lubricant eye drop solutions which exhibit both cohesive and dispersive behaviours depending on the shear energy exerted on the solution.  At low shear rates, the solution exhibits cohesive properties of enhanced viscosity for lubrication, protection and prevention of evaporation of the tear film.  Conversely, at higher shear rates such as the blinking process of the eyelids, it exhibits dispersive properties for enhanced elasticity allowing for optimal patient comfort and longer residence time requiring fewer applications during the day and/or night).

Biocia’s lubricant eye drops are packaged in either single-use disposable containers or preservative-free multi-use bottles.  This exclusive distribution alliance forged with Sam Poong will focus on both state-of-the-art delivery configurations.

Biocia Inc. and Biocia Consulting Group leadership commented:  “The breadth and resources of Sam Poong are intended to optimize the potential of Biocia products in this important market.  It represents the culmination of market research and product development dedicated to meet patient preference in Asia for treatment of ocular surface disorders including mild, moderate and severe dry eye syndromes.” 

Ilan Hofmann, Ph.D., President of I-MED Pharma Inc. and Chairman of the Board of Biocia Inc. commented:  “Our close relationship with Biocia enables both companies to expand their presence in growing international markets.  Korea is a significant segment of the global OSD market which is projected to be growing >13% per year.”

Yeoung-Woo Choi, President of Sam Poong Fine Chem. Co., Ltd. commented:  “We are pleased to offer the superior technology offered by Biocia’s products to our patients.  During the coming months, the management teams of Sam Poong, Biocia and I-MED will focus on submission of multiple Biocia-innovated eye drop products to KFDA for approval and launch.”

Jonah Tsang, Director of Richfield Import & Export Trade Co. Ltd. commented:  “We feel honored to coordinate the negotiations between Biocia Inc., I-MED Pharma Inc. and Sam Poong Fine Chem. Co.  We are confident the superior features and benefits of Biocia’s products will result in successful penetration of the Korean dry eye market for both therapeutic indications and post-surgical use following Lasik refractive surgery.”

For further information, please contact:

Ilan Hofmann

Tel.: +1 (514) 685-8118 (Canada) or (980) 229-3432 (USA) | e-mail: ilanhofmann@gmail.com

or

Yeoung-Woo Choi

Tel.: (82)-2-469 5842 | e-mail: sfcchoi@unitel.co.kr

or

Jonah Tsang

Tel.: (1)-416-512 0211 | e-mail: richfield@vif.com

BIOCIA INNOVATION LEADS EYEDROP MARKET in 2015

Biocia Inc., a New Jersey-based biotechnology company announced the recent commercialization of their viscoadaptive eye drop innovations in a preservative-free delivery system through key Biocia licensing partners in North America for Ocular Surface Disorder (OSD) such as dry eye disease (DED). Biocia licensing partners include Oasis Medical Inc. in the United States (Oasis Tears^® PF) and I-MED Pharma in Canada (I Drop^® PUR and I-Drop^® PUR Gel).

Viscoadaptive eye drops are lubricant eye drop solutions which exhibit both cohesive and dispersive behaviours depending on the shear energy in the solution. At low shear rates the solution exhibits cohesive behaviour (enhanced viscosity for lubrication, protection and prevention of evaporation of the tear film) and at higher shear rates it may exhibit dispersive behaviour (enhanced elasticity for optimal patient comfort and longer residence time requiring fewer applications during the day and/or night).

Lubricant eye drops are often packaged in multi-use bottles which contain preservatives. This is not the case with this preservative-free multi-use delivery system.

Biocia Inc. and Biocia Consulting Group leadership commented: “I Drop^® PUR, I Drop^® PUR Gel and Oasis Tears^® PF are the culmination of research and product development at Biocia dedicated to trends that reflect patient preference”.

Ilan Hofmann, Ph.D., President of both I-MED and Biocia commented: “this latest innovation is strengthening I-MED’s commercial presence in the Canadian OSD market which is projected to be growing >13% per year with state-of-the-art products that are superior to others commonly marketed in Canada”.

Craig Delgado, MBA, President of Oasis Medical Inc. commented: “We are pleased to have found a convenient delivery system for Oasis Tears^® that combines the benefits of preservative-free TEARS with the convenience of an easy-to-to-use multi-use bottle”.

For further information, please contact:

Ilan Hofmann

or
Denise Starbird, Oasis Medical Inc. at: 909 305 5414 e-mail: dstarbird@oasismedical.com

I-MED Approvals By Health Canada

I-MED Pharma Inc., a Montreal-based biotechnology company and Biocia Inc., a New Jersey-based biotechnology company announced today the Health Canada approval for their fourth generation preservative-free, multi-dose, viscoadaptive eye drop, I-Drop® PUR Gel for treating Ocular Surface Disorder (OSD) such as dry eye disease (DED). This product already received a CE mark earlier this year.

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Biocia and I-MED Pharma Consummate a Long-Term R&D Agreement With Matrix Biology Institute

Biocia Inc. and I-MED Pharma Inc. have strengthen their foothold in global ophthalmic eye markets with an alliance with MBI to develop innovative, state-of-the art products incorportaing MBI’s patented HylaSponge® technology.

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