BioCorRx Inc.’s CEO Talks NIDA Grant Update and a Promising New Product with Uptick Newswire’s Stock Day Podcast
PHOENIX, Oct. 23, 2018 (GLOBE NEWSWIRE) -- BioCorRx Inc. (OTCQB: BICX) (the "Company") is a developer and provider of advanced solutions in the treatment of alcohol and opioid addictions. President, CEO, and Director of BioCorRx Inc, Brady Granier talked with Stock Day’s Everett Jolly about exciting developments at the company.
Jolly asked for a general explanation of what it is that BioCorRx Inc. does to help fight addiction.
“We do several things in the space,” explained Granier. “We have a behavioral program that was developed by addiction experts that includes cognitive behavioral therapy. This helps people move ahead once they are in therapy.”
He went on to explain how the company’s naltrexone implant is specifically formulated with completely biodegradable pellets that are typically inserted just beneath the skin in the lower abdominal area. The behavioral program and the naltrexone implant are combined with peer support to make up their multi-pronged program to help combat substance use disorder.
Jolly then asked Granier for an update on the grant submitted to The National Institute on Drug Abuse (NIDA) for BICX102. BICX102 is the Company’s sustained release naltrexone implant for the treatment of alcohol and opioid use disorders. Granier explained that the company received a Just-In-Time (JIT) request from NIDA earlier in the month, which they believe is a good sign.
“We’re in the process of compiling information they requested,” he said. He then went on to explain that they expect to know the outcome sometime around mid-November.
Jolly then turned the conversation to a recent letter of intent with VDM Biochemicals, Inc. Under the agreement, BioCorRx has the right of first refusal to acquire up to a 49% ownership stake in VDM-001. VDM-001 may represent an effective alternative to naloxone in the overdose reversal market.
Granier explained that they need to ultimately validate the product once a definitive agreement is reached. He went on to say they need to do their own studies on the product and if it works as VDM Biochemicals, Inc. claims, Granier believes it could be a promising product.
To hear more about what BioCorRx Inc. has to offer listen to the full podcast here: https://upticknewswire.com/featured-interview-ceo-brady-granier-of-biocorrx-inc-otcqb-bicx-3/
BioCorRx Inc. (OTCQB: BICX) is an addiction treatment company offering a unique approach to the treatment of substance abuse addiction. The BioCorRx® Recovery Program, a non-addictive, medication-assisted treatment (MAT) program, consists of two main components. The first component of the program consists of an outpatient implant procedure performed by a licensed physician. The implant delivers the non-addictive medicine, naltrexone, an opioid antagonist that can significantly reduce physical cravings for alcohol and opioids. The second component of the program developed by BioCorRx Inc. is a one-on-one counseling program specifically tailored for the treatment of alcoholism and other substance abuse addictions for those receiving long-term naltrexone treatment. The Company also has an R&D subsidiary, BioCorRx Pharmaceuticals, which is currently developing injectable and implantable naltrexone products for potential future regulatory approval. For more information on BICX, visit www.BioCorRx.com.
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The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "estimate," "become," "plan," "will," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof.
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Released October 23, 2018