LITTLE FALLS, N.J.,
June 13, 2012 /PRNewswire/
-- Yesterday, on June 12, 2012,
Regenicin, Inc. (OTC Bulletin Board: RGIN) a biotechnology company
specializing in the development of and commercialization of
regenerative cell therapies to restore the health of damaged
tissues and organs, issued a press release that the Food and Drug
Administration (FDA) had granted Orphan Status for the
PermaDerm® product. While the Company believes it
was accurate in representing the FDA's action, the press release
has been misinterpreted by some to suggest that PermaDerm is
approved as a skin graft for immediate use on burn patients.
As stated in the Company's earlier press release, the FDA's action
was the designation of PermaDerm as an Orphan product. Such a
designation has certain benefits to the recipient, but, just to be
clear, these do not include the immediate commercialization of the
product. The Company will still need to work with the FDA for
the development of the product, now with the advantages of the
Orphan designation. For more information on the FDA's
policies governing the development of Orphan drugs for rare
diseases and conditions, as well as the publication of today's
designation announcement on this matter, please visit the FDA
website links at:
www.fda.gov/ForIndustry/DevelopingProductsforRareDiseasesConditions/
and
www.accessdata.fda.gov/scripts/opdlisting/oopd/
"We hope this clarifies any confusion that may have been caused
by the wording of the prior press release," said Randall McCoy, the Companies CEO.
About Regenicin
Regenicin, Inc. (OTC Bulletin Board: RGIN), is a biotechnology
company specializing in the development of regenerative cell
therapies to restore the health of damaged tissues and organs.
Regenicin, which was founded in 2010, has assembled a world-class
management team with a proven track record for developing and
bringing innovative medical devices and biotechnology products to
market. The company is publicly traded with headquarters in
New Jersey. For more information
on Regenicin, Inc., as well as its technologies and products,
please visit the company website at www.regenicin.com.
Safe Harbor Statement
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements are based on the current plans and expectations of
management and are subject to a number of uncertainties and risks
that could significantly affect the company's current plans and
expectations, as well as future results of operations and financial
condition. A more extensive listing of risks and factors that may
affect the company's business prospects and cause actual results to
differ materially from those described in the forward-looking
statements can be found in the reports and other documents filed by
the company with the Securities and Exchange Commission. The
company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE: Regenicin, Inc.
10 High Court
Little Falls, NJ 17424
(646) 403-3581
PR@regenicin.com
info@regenicin.com
SOURCE Regenicin, Inc.