ZEO Scientifix Inc.

09/20/2024 | Press release | Distributed by Public on 09/20/2024 14:16

Material Event Form 8 K

Item 8.01 Other Events.

ZEO is hereby providing its stockholders and the investment community with an update on its business strategy and plans.

ZEO, a South Florida-based clinical-stage biopharmaceutical company, believes it is now poised to play a bigger role in the therapeutics market thanks to its rapidly-advancing research. ZEO recently completed successful Phase 1 clinical trials involving its flagship proprietary product, Zofin™. Now, the Company is actively seeking to launch Phase 2 trials for Zofin™ for several indications along with other products in the Company's pipeline. ZEO's goal is to obtain FDA approval for the use of its products for the treatment of various diseases and chronic conditions.

Ian Bothwell, Interim Chief Executive Officer at ZEO, stated "I am proud of our recent accomplishments and the fact that we are now actively working toward the commencement of Phase 2 clinical trials. This is a significant milestone that has invigorated our team and brought increased focus to achieving our Company's meaningful goals. We have eminently qualified researchers, an extremely experienced management team, and a state-of-the-art cGMP compliant laboratory located at Nova Southeastern University, which is considered one of the top research collaboration complexes in the country. We believe that we are uniquely positioned to become an industry leader in developing biologic therapeutics in this growing and expanding market." According to Precedence Research, the regenerative medicine space is expected to grow to a nearly $175 billion market by 2032, with a projected growth rate of 22.8% annually.

ZEO's research and development (R&D) product pipeline underscores the Company's commitment to innovation and its mission to advance the use of biologic therapies to address the unmet needs of patients facing acute and chronic conditions in multiple areas.

The Company's proprietary product, Zofin™, is derived from perinatal sources and manufactured to retain naturally occurring extracellular vesicles, proteins, and cell secreted nanoparticles. Its Patient Pure X™ ("PPX™") product is an autologous biologic containing a nanoparticle fraction that is precipitated from a patient's own peripheral blood.

In addition to its clinical trials research program to treat various diseases and chronic conditions, ZEO is seeking to develop new formulations for topical aesthetic and anti-aging applications. The Company has partnered with Exotropin, LLC ("Exotropin") to develop various products and technologies for these applications. Exotropin is a private company that has proprietary technology involving the use of topical exosomes and a diversified portfolio of skin and hair care products. ZEO also owns a minority interest in Exotropin.

During February of this year, the Company changed its name from Organicell Regenerative Medicine to ZEO ScientifiX, to better reflect the Company's mission and commitment to scientific research and the development of new biologic therapies.