SCHAUMBURG, Ill., June 17, 2014 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (OTCQB:WCUI), a healthcare, medical, and technology solutions company, today announced that its wholly owned subsidiary, Psoria-Shield, was recently featured on Mergermarket, the leading provider of forward-looking M&A intelligence and data to M&A professionals and corporates.
Deborah Balshem and Jeff Sheban from Mergermarket report that Wellness Center, USA Inc. has begun seeking commercialization partners for its flagship product, Psoria-Light.
"The two biggest players in the dermatology space are Allergan and Valeant Pharmaceuticals, and both might be potential buyers of Psoria-Light at some point down the road when the product matures," stated Graig Suvannavejh, an analyst with MLV & Co.
Suvannavejh doesn't believe Psoria-Light will threaten the four billion-dollar drugs currently used for psoriasis: Stelara, Remicade, Enbrel and Humira. But, the treatment could be a second step worth trying after step one, which is usually generic topical creams that can cost roughly USD 30,000 a year. "A lower cost alternative always has a chance in the marketplace," Suvannavejh said.
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Additional Highlights from Mergermarket:
The device is the first to use deep UV LED technology, and is covered by most medical insurers, including Medicare. It competes with drugs such as Stelara, made by Johnson & Johnson, as well as the excimer laser, according to Jay Joshi, MD, a board member and Wellness Center's medical director. It is considered less toxic than systemic or biologic drugs, and treats more disorders than the excimer laser, he added, noting treatment does not have to be administered by an MD, physician's assistant or advanced registered nurse practitioner.
Twelve percent of the world's population, or 700 million patients, have reported psoriasis, eczema, vitiligo and alopecia areata (off-label), for a USD 22bn global market, according to Andrew Kandalepas.
India-based generic drug-maker Sun Pharma could be a possible partner and eventual buyer of Psoria-Light, as generic device makers are looking to get into branded drugs and products with higher profit margins, though not until after the company establishes some track record of success with the product, said Suvannavejh.
So far, Psoria-Light is in several US and Mexico-based clinics, and receiving positive feedback.
About Wellness Center USA, Inc.
Wellness Center USA, Inc. (www.wellnesscenterusa.com) an alternative healthcare, medical device solutions and online nutraceutical sales company, was created to address important healthcare and wellness needs; through break-through solutions, centered on the "well-being of the body and mind". Wellness Center USA, Inc.'s three business units are:
Psoria-Shield Inc. (www.psoria-shield.com) is a Tampa FL based company specializing in design, manufacturing, and distribution of medical devices to domestic and international markets. PSI employs full-time engineering, production, sales staff, and manufactures within an ISO 13485 certified quality system. PSI's flagship product, Psoria-Light(R), is FDA-cleared and CE marked and delivers targeted UV phototherapy for the treatment of certain skin disorders. Psoria-Shield Inc., was acquired by Wellness Center USA Inc. ("WCUI") in August 2012, and is now a wholly-owned subsidiary.
Stealth Mark Holdings, Inc. (SMI) (http://www.stealthmark.com) is a global product authentication solutions provider that offers the most advanced product security technologies available today within the security and supply chain management vertical sectors. SMI provides customers true brand protection from counterfeiting and diversion while maintaining the integrity of product authentication. Stealth Mark® solutions are based upon encrypted microparticle technology, state-of-the-art printing technologies, and a reader that can be used with iPhone and other smartphones. The reader working in conjunction with the StealthFireTM Software authenticates the Microparticle Mark and captures the unique ID, GPS validated location, and QR code.
National Pain Centers, Inc. (NPC) (www.nationalpaincenters.com) is an Illinois based company that focuses on diagnosis, treatment, research, advocacy, education, and setting standards and protocols within interventional and multi-modal pain management. Pain management is the most common and most unknown medical condition in the United States, and costs Americans over $635 billion a year. NPC manages Interventional Spine and Pain procedures that include Epidural Steroid Injections, Selective Nerve Root Blocks, Facet Joint Medial Branch Injections, Radiofrequency Ablation, Sympathetic Blocks, Spinal Cord Stimulators, Percutaneous Discectomy, and Discograms. NPC is also involved in research and progressive treatment options such as Ketamine Infusions and Stem Cell Therapy. These services and procedures are overseen by its well respected physician, Dr. Jay Joshi. Through proper interventional and non-interventional protocols, ethical practices, and innovative treatment options, patients from all over the U.S. have seen relief from their pain.
CNS-Wellness (www.cns-wellness.com) is a Tampa FL based cognitive science clinic business, specializing in the treatment of behavioral health disorders in at least three focus areas: a) stress related disorders including anxiety and panic attacks, depression, and obsessive-compulsive spectrum disorders, b) developmental and learning disorders such as autistic spectrum issues and Asperger's syndrome, AD/HD, learning differences and birth trauma-related issues, and c) purely brain-based issues including epilepsy and seizure disorders, traumatic brain injuries, and related acquired brain syndromes. CNS-Wellness LLC, was acquired by Wellness Center USA Inc. ("WCUI") in August 2012, and is now a wholly-owned subsidiary.
AminoFactory (www.aminofactory.com), a division of Wellness Center USA, Inc., is an online supplement store that markets and sells a wide range of high-quality nutritional vitamins and supplements. By utilizing AminoFactory's online catalog, bodybuilders, athletes, and health conscious consumers can choose and purchase the highest quality nutritional products from a wide array of offerings in just a few clicks.
Safe Harbor Statement: Certain statements contained in this news release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the proposed exchange transaction, the anticipated closing date of the transaction and anticipated future results following a closing of the transaction. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." While it is not possible to identify all factors, risks and uncertainties that might relate to, affect or arise from the proposed transaction, and which might cause actual results to differ materially from expected results, such factors, risks and uncertainties include delays in completing the transaction, difficulties in integrating operations following the transaction, difficulties in manufacturing and delivering products, potential market rejection of products or services, increased competitive pressures, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which the parties are engaged, changes in the securities markets and other factors, risks and uncertainties disclosed from time to time in documents that the Company files with the SEC.
CONTACT: At Wellness Center USA, Inc. Tel: (847) 925-1885 www.wellnesscenterusa.com Investor Relations Contact: Arthur Douglas & Associates, Inc. Arthur Batson Phone: 407-478-1120 www.arthurdouglasinc.comSource:Wellness Center USA, Inc.