BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Medifocus Retains Consulting for Strategic Growth to Implement a Strategic Investor Relations & Public Relations Program


10/9/2012 9:46:14 AM

COLUMBIA, MD and TORONTO--(Marketwire - October 09, 2012) -

Medifocus Inc. (OTCQX: MDFZF) (TSX VENTURE: MFS) is pleased to announce that it has retained Consulting for Strategic Growth ("CFSG1") as its U.S. investor and public relations counsel. Robert Giordano and his team of experts will begin to implement an investor and public relations program focused on building investor and media awareness of Medifocus' growing market position within the biotechnology industry as it further develops its patented portfolio of microwave-focusing technology while driving continued sales from its newly acquired technology, Prolieve®.

Mr. Giordano stated, "We are extremely excited to begin sharing the Medifocus story at such a monumental point of the Company's growth." He continued, "In the past several months, Medifocus has transformed itself to a mature, revenue-generating business through the acquisition of Prolieve®, an FDA-approved device for the treatment of Benign Prostatic Hyperplasia (BPH). With a building opportunity to market Prolieve® around the world and, now, the near-term clinical advancement of the Company's patented adaptive phased array (APA) microwave focusing technology platform to treat breast cancer, tremendous growth opportunity lies ahead."

Medifocus acquired Prolieve® from Boston Scientific Corporation in July 2012, adding over 50 new patents to the Company's already strong patent portfolio. The Company is simultaneously driving increased sales of Prolieve® while bringing its APA-focused heat platform through its Phase III clinical trials.

About Medifocus

Medifocus owns a patented microwave focusing technology platform (the Adaptive Phased Array ("APA") technology), which can precisely target and control microwave energy to cause heating in cancerous tumors anywhere in the body reliably and repeatedly. The ability to target tumors with a precision controlled dose of heat can be used to destroy tumors at higher temperatures, to treat tumors in combination with chemotherapy and/or radiation at moderate temperatures for increased effectiveness and reduced toxicity and to trigger the targeted release of therapeutic drugs and genes at tumor sites at lower temperatures. While the core technology has been licensed from the Massachusetts Institute of Technology, Medifocus has further refined the precision of the microwave focusing and control ability and developed a commercial system dedicated exclusively for the treatment of Breast Cancer. With the acquisition of Prolieve, Medifocus now owns in addition, a revenue generating commercial BPH heat treatment product generating cash flow to support the development and commercialization of other catheter based or APA based external focused heat systems for targeted thermotherapy of deep seated tumors anywhere in the body. Please visit www.medifocusinc.com for more details.

Forward-Looking Statements and Information

This news release contains forward-looking statements, which may not be based on historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by applicable securities laws, the Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.


Company Contact:
John Mon
COO
Medifocus, Inc.
Tel: 410-290-5734
JohnMon@medifocusinc.com

Investor Relations Contact:
Robert Giordano
Consulting for Strategic Growth 1
T: 917-327-3938
rgiordanonyc@gmail.com

Digg this    Bookmark with del.icio.us    Add to Newsvine

Technorati:



Read at BioSpace.com

Medifocus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES