Emergent Health Corp. (“Emergent”) (OTC PINK:EMGE) announces it has acquired Evolutionary Biologics, Inc., a new kind of biologics company founded for a clear purpose: bring cutting edge regenerative products to the medical community. The purchase price included equity in Emergent and a capital investment into Evolutionary Biologics for sales, scaling of the company operations and promotions. Evolutionary Biologics flagship products include Evo Hybrid™ which helps jumpstart your body’s own natural healing power to help bring your skin back to youthful suppleness and HydrEyes™ which helps reduce redness to help reveal your eyes’ natural radiance.
Evo Hybrid™ is a proprietary blend of umbilical cord tissue, placental tissue, and amniotic membrane. This product contains the highest quality bioactive biomolecules of Whartons Jelly (MSCs) mesenchymal stem cells and its extracellular matrix.
HydrEyes™, formerly known as Exo Eye™ is a proprietary blend of Extracellular Vesicle Ophthalmic solution which helps to restore the natural tear’s lipid layer to hold in moisture and reduce tear evaporation helping with dry eye syndrome.
Evolutionary Biologics’ goal is to create consumer awareness of regenerative medicine with a global presence using science and technology to build products to create external beauty. Evolutionary Biologics intends to use push and pull marketing, social media, and consumer awareness events to create collaborations with clinics for its products.
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Jim Morrison, former President of L’Oréal has accepted the position of CEO at Emergent, effective August 15, 2022 subject to Emergent filing its June 30th 2022 Quarterly financial statement with OTC Markets on a full-time basis now that the acquisitions of Regen BioWellness, a distributor of various products in the plant-based and regenerative medical fields and Evolutionary Biologics have been completed. James Zimbler, the current CEO shall remain with Emergent as Sr. Vice-President of Corporate Finance to focus on strategic acquisitions and expanding the Emergent management team.
On June 29th 2022, Emergent announced its letter of intent to acquire Fusion Specialty Pharmacies, nationally accredited compounding pharmacies licensed in 27 states and located in St. George, Utah dedicated to formulating creative, individualized, and compounded medications that can improve compliance, maximize the potential for therapeutic success, and reduce the overall cost of healthcare. This acquisition is scheduled to close during this 3rd quarter of 2022.
Jim Morrison, the soon to be new CEO of Emergent, stated, “I am truly honored to be at the helm of Emergent Health. This newly formed company has a great opportunity to be a leader in the plant-based wellness and regenerative health industries. I am also very excited to work with the very talented Emergent Health team. The company has a robust pipeline of new and innovative products and is set up to produce incredible results.”
Marvin Segel, a Director and CMO of Emergent stated “Jim Morrison is the perfect CEO. The balance of long-range goals with short term focus. I know this firsthand as I have successfully worked with Jim Morrison over the years in several business ventures. We remain friends both personally and in business.”
James W. Zimbler, current CEO of Emergent stated, “In continuing our quest to turn Emergent into a vertically integrated Health/Wellness/Regenerative company, the acquisition of Evolutionary Biologics, Inc., sets us apart and brings us to the forefront of regenerative care and wellness. We could not be happier and luckier to have Jim Morrison become Chairman of the Board and CEO of Emergent, effective August 15, 2022. I look forward to working side by side with Jim in my new role as Vice-President of Corporate Finance.”
Source: Biospace
