BURBANK, Calif., May 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Medolife Rx, Inc. ("Medolife"), a global integrated bioceutical company with R&D, manufacturing, and consumer product distribution, which is a majority owned subsidiary of Quanta, Inc. (OTC PINK: QNTA), announced today that its CEO Dr. Arthur Mikaelian received an achievement award from the “Defensa Civil Republica Dominicana” (The National District of Civil Defense) for his unconditional support of the cause of the agency and his work on Escozine® as a treatment for the SARS-CoV-2 (COVID-19) virus in the Dominican Republic (DR). The award was formally presented at a ceremony on Friday, May 14, where local leaders, such as the mayor, attended to recognize Dr. Mikaelian for his work.
Medolife has a very close relationship with the federal government of the DR, including the Ministries of Health and Environment and Natural Resources. The DR is home to the Company’s first-of-its-kind scorpion reservation as well as its extract and research and development facilities. Recently, the Company was awarded product registration on Escozine® as an alternative medicine for the treatment of various forms of cancer throughout the DR and Latin America. It has since been ramping up production in order to meet the demand that has arisen in the region by the registration. Additionally, the Company is working to garner medical ethics committee approval to move forward with Phase II clinical trials in the DR on Escozine® as a treatment for COVID-19. All this work and investment in the community resulted in this award, which was given by the National District of Civil Defense, whose main objective is to create a response to natural disasters such as floods and earthquakes, or health and economic disasters such as the COVID-19 pandemic.
“It is both humbling and a great honor to receive this award,” Dr. Mikaelian said. “When we set out on our mission to provide alternative and breakthrough medical solutions to the world, it was not for fame or accolades, but to make a better world through the power of science. We have done so much great work in the DR and hope to continue to be a partner with the country and community in order to create lasting medical solutions that enrich the lives of its population. We consider the DR a second home and appreciate the recognition for our work in the country.”
Medolife has been researching Escozine® as a potential treatment for COVID-19 in clinical research programs in both the United States and the DR. The Company has completed an Investigational New Drug (IND) filing on Escozine® through the US Food and Drug Administration (FDA) and is awaiting a response. In the DR, and upon approval from the medical ethics committee, it will commence a double-blind placebo human study on Escozine®, which would mark a substantial step forward in Escozine’s path toward worldwide registration and adoption.
For more information on the agency who presented the award, please visit: http://www.defensacivil.gob.do/
About Medolife Rx
Medolife Rx, Inc. is a global biotechnology company with operations in clinical research, manufacturing, and consumer products. Medolife Rx was created through the merger of Medolife, a private company founded by Dr. Arthur Mikaelian who pioneered the unlaying polarization technology that makes the Company’s portfolio of pharmaceutical and nutraceutical products so effective, and Quanta, Inc., a direct-to-consumer wellness product portfolio company. The Company’s lead clinical development programs include Escozine®, a proprietary formulation consisting of small molecule peptides derived from Rhopalurus princeps scorpions, which is amplified by the Company’s polarization technology and is being researched as a treatment of various indications, including COVID-19 and cancer. The Company has completed preclinical safety and efficacy research on Escozine® and is pursuing product registration and drug approval in various countries, including the United States and throughout Latin America.
Through its subsidiary QuantRx, Medolife manufactures and distributes consumer wellness products in high-impact consumer areas such as pain relief, beauty, and general wellness. QuantRx products are designed using Dr. Mikaelian’s polarization technology, which applies advances in quantum biology to increase the potency of active ingredients. Ultimately, Quanta's mission is to deliver better, more effective ingredients to elevate product efficacy, reduce waste, and facilitate healthier, more sustainable consumption.
Beyond its own clinical and consumer applications, the polarization technology used by Medolife and its subsidiaries has many potential applications. From potentiating bio-ingredients, to producing more-effective carbon-trapping plants, to transformative anti-aging solutions, Medolife has the opportunity to upend how commercial and pharmaceutical products are made and increase their benefits, while decreasing their chemical concentration.
Forward-Looking Statements
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Contacts:
Tom Nelson
818-659-8052
Kyle Porter
medolife@cmwmedia.com
858-264-6600