Health Canada Approves BioPharmX Corporation Study of Violet® Iodine

BioPharmX engages KGK Synergize, Inc. to manage its Canadian phase 4 study for Violet molecular iodine breast health supplement

MENLO PARK, Calif., April 4, 2016 /PRNewswire/ -- BioPharmX Corporation (NYSE MKT: BPMX), specialty pharmaceutical company developing products for use in dermatology and women's health, today announced Health Canada has approved the Canadian expansion of a Phase 4 study of the company's Violet® molecular iodine supplement for fibrocystic breast condition (FBC) and cyclic mastalgia. Last month, the Food and Drug Administration approved the study in the United States.

KGK Synergize, a London, Ontario-based clinical research organization focused on nutraceutical, biotechnology and pharmaceutical product research, will conduct the study.  The investigation is a randomized, double-blind, placebo controlled, multi-center study to evaluate the safety, tolerability and potential benefits of the molecular iodine dietary supplement, Violet, on breast health in women with cyclic breast pain and tenderness. 

Results from this study are expected by the end of 2016.

"At least 875 million reproductive-age women around the world suffer from breast pain and discomfort due to fibrocystic breast condition," said AnnaMarie Daniels, executive vice president of clinical and regulatory affairs at BioPharmX. "Previous studies have shown that molecular iodine results in a significant reduction in the symptoms of FBC. The goal of this study is to learn more about the safety and potential benefits of molecular iodine to expand claims and support commercialization of Violet iodine in international markets where the number of women with this condition is expected to grow to over a billion by 2050."

About BioPharmX®
BioPharmX Corporation (NYSE MKT: BPMX) is a Silicon Valley-based specialty pharmaceutical company, which seeks to provide products through proprietary platform technologies for prescription, over-the-counter (OTC), and supplement applications in the health and wellness markets, including dermatology and women's health. To learn more about BioPharmX, visit www.BioPharmX.com.

About KGK Synergize
Established in 1997 with headquarters in Canada, and the United States, KGK is a specialty CRO that focuses on conducting human clinical trials for the health nutrition industry. The company is known for developing and executing clinical studies that meet FDA/FTC and Health Canada regulations and successfully support product claims substantiation.

Forward-Looking Statements
The information in this press release contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the "safe harbor" created by those sections. This press release contains forward-looking statements about the company's expectations, plans, intentions and strategies, including, but not limited to, statements regarding, commencement of the Phase 4 study and results of the Phase 4 study. These forward-looking statements may be identified by words such as "plan", "expect," "anticipate," "believe," or similar expressions that are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions, which, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in the company's filings with the Securities and Exchange Commission. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof and 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, except as may be required under applicable securities laws.

BioPharmX and Violet are registered trademarks of BioPharmX, Inc. All other brand names are trademarks or registered trademarks of their respective holders.

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SOURCE BioPharmX Corporation

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