The Dean and $IVOB Are in Egypt
November 4th, 2009 at 11:20 am Posted by
Earlier today, The Dean touched down at Cairo International Airport in Egypt for the 16th Annual Meeting of the Middle East Fertility Society, where $IVOB and Galaxy IVF will be presenting the data of the first 100 commercial cycles of the INVO procedure performed in the Middle East.
Less than a month ago, $IVOB announced the birth of the first baby conceived using the commercialized INVOcell device in Pakistan. The Dean believes this particular instance of $IVOB‘s success is exciting because the mother is 40 years old and struggled with infertility for 16 years. Also, this birth in Pakistan could be just a tease for what’s expected to come over the next couple of days in Cairo.
$IVOB CEO Kathleen Karloff has said that “Presenting this data validates INVO as an effective treatment for infertility in this region” and such “validation will allow INVO and Galaxy to extend sales throughout the Middle East.”
Many might be wondering about how $IVOB plans to make further steps in becoming The Dean’s Billion Dollar Baby, while others might question the availability of funding for the company’s future plans and trials. The Dean thinks these concerns were answered yesterday, when $IVOB filed a Reserve Equity Financing Agreement (REF) with AGS Capital Group for $10,000,000 over the next two years.
The Dean has told the CollegeStock Community that $IVOB could have exciting news on the way because of two conferences in Argentina and Egypt this week.
As far as we know, $IVOB has received CE Mark approval, launched their INVOcell device and INVO centers in countries outside of the United States, and has reportedly taken steps to attain U.S. FDA 510 (k) clearance for their infertility treatment.
Naturally, The Dean believes this is an exciting time for $IVOB and the future of the infertility market.
