Walmart to Begin Selling Biomerica’s Aware® Breast Self Exam

Rhea-AI Summary

Biomerica, Inc. (BMRA) announced that its Aware® Breast Self Exam device will be available in Walmart stores and online, enhancing early breast cancer detection. The Aware® device, FDA-cleared, helps women increase sensitivity during self-exams, crucial since 80% of breast cancers are detected by women themselves. Walmart's extensive distribution network will boost visibility. Studies indicate the device is effective in detecting early breast changes. The product rollout aims to empower women with health management tools and facilitate monthly self-examinations.

Positive

• Launch of Aware® Breast Self Exam device at Walmart enhances product visibility.
• FDA clearance of the Aware® device ensures safety and efficacy.
• Studies confirm the Aware® device's effectiveness in early detection of breast changes.

Negative

• None.

• Simple at-home device to increase sensitivity in breast self exams
• Early detection of breast cancer saves lives
• Breast Cancer accounts for 1 in 3 new cases of cancer in women annually
  

IRVINE, Calif., July 14, 2022 (GLOBE NEWSWIRE) -- Biomerica, Inc. (Nasdaq: BMRA) (the “Company”) today announced that under a General Merchandise Supplier Agreement with Walmart, the Company’s Aware^® Breast Self Exam device will now be sold in Walmart’s retail system. Biomerica has now shipped its first orders of the Aware^® product to Walmart, and Walmart will initially begin selling the product through its online sales channel in the USA (https://www.walmart.com/ip/seort/395477102).

Biomerica is also in the final phase of working with Walmart to stock and sell the Aware^® product in Walmart stores in the U.S. Additionally, the Company is in negotiations with other partners for distribution of the Aware^® Breast Self Exam product in markets outside of the U.S.   

Breast Cancer is the most common cancer among women. Unfortunately, every woman is potentially at risk, as over 70% of women diagnosed have no family history of breast cancer. Currently, there is no way to prevent breast cancer, so detecting the disease early is key to effective treatment. Early detection significantly improves the chances that breast cancer can diagnosed and treated successfully. Survival rates are as high as 99% when the cancer is found early and is still localized in the breast. However, if the cancer has spread to the regional lymph nodes, the 5-year survival rate is 86%. ^[1,2]

About 80% of breast cancers are detected because women themselves notice changes in their breasts, highlighting the important role that each woman can play in her own health. However, a Breast Self Examination (BSE) is not a replacement for regular medical visits and periodic ultrasound or mammography. All three steps are important to finding breast cancer early. The relevance of early detection cannot be overemphasized.

The Biomerica FDA cleared Aware^® Breast Self Exam device is a revolutionary way for women to enhance tactile sensitivity to changes or irregularities in breast tissue, making breast self-exams easy and convenient. The Aware^® device can facilitate an effective self-exam and can serve as a reminder to perform a breast self-exam every month.

In a study performed by Kawasaki Medical University Hospital using the Aware^® device, the study concluded that the Aware^® device was “a highly effective instrument for the early detection of breast changes.” The study included 832 patients with breast cancer, fibroma, mastitis and non-tumorous conditions. ^[3]

Zack Irani, Chief Executive Officer of Biomerica, commented, “Successful treatment of breast cancer is significantly enhanced by early detection. Our unique product provides a tool to assist women in potentially detecting breast abnormalities early. As one of the largest retail corporations in the world, Walmart provides unmatched visibility and distribution for this potentially life-saving product. We look forward to supporting Walmart in the product roll-out, ensuring that as many women as possible have access to this product.”  

For further information about the Aware^® Breast Self Exam Product, please visit https://AwareBSE.com

About Biomerica (NASDAQ: BMRA)

Biomerica, Inc. (www.biomerica.com) is a global biomedical technology company that develops, patents, manufactures and markets advanced diagnostic and therapeutic products used at the point of care (in home and in physicians’ offices) and in hospital/clinical laboratories for detection and/or treatment of medical conditions and diseases. The Company’s products are designed to enhance the health and well-being of people, while reducing total healthcare costs. Biomerica’s primarily focus is on gastrointestinal and inflammatory diseases where the Company has multiple diagnostic and therapeutic products in development.

1. https://www.webmd.com/breast-cancer/guide/breast-cancer-survival-rates. Accessed 08 July 2022
2. https://www.cancer.net/cancer-types/breast-cancer/statistics. Accessed 08 July 2022
3. Sonoo H, Sai T, Maesaki S (1992) Breast self-examination (in Japanese). Geka (Surgery) 54:574–581.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking, such as statements relating to the efficacy of the Company’s Aware^® Breast Self Exam device and other tests, FDA clearance of the Company’s products, possible online and/or in-store offering and sale of the Aware^® Breast Self Exam device at Walmart and other potential distributors and retailers, the rapidity of testing results, negotiations with international distribution partners, uniqueness of the Company’s products, test result accuracy of products, pricing of the Company’s test kits, demand for domestic or international orders, potential revenues from the sale of current or future products, availability of the Company’s Aware^® Breast Self Exam device and other test kits, and patent protection on any of the Company’s products or technologies. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, including, without limitation: results of studies testing the efficacy of the Company’s tests and other products; regulatory approvals necessary prior to commercialization any of the Company’s products; availability of the Company’s test kits and other products; capacity, resource and other constraints on our suppliers; dependence on our third party manufacturers; dependence on international shipping carriers; governmental import/export regulations; demand for our various tests and other products; competition from other similar products and from competitors that have significantly more financial and other resources available to them; governmental virus control regulations that make it difficult or impossible for the company to maintain current operations; the Company’s ability to comply with current and future regulations in the countries where our products are made and sold and the Company’s ability to obtain patent protection on any aspects of its rapid test technologies. Accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. Additionally, potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.

Corporate Contact:

John Nesbett /Jennifer Belodeau
IMS Investor Relations
203.972.9200
biomerica@imsinvestorrelations.com

Source: Biomerica, Inc.

FAQ

When will the Aware® Breast Self Exam device be available at Walmart?

The Aware® device is now being sold online through Walmart's retail system.

What is the significance of early detection in breast cancer?

Early detection significantly increases survival rates, with localized breast cancer having a survival rate as high as 99%.

What studies support the efficacy of the Aware® device?

A study by Kawasaki Medical University Hospital concluded that the Aware® device is highly effective for early detection of breast changes.

What percentage of breast cancers are detected by women themselves?

About 80% of breast cancers are detected because women notice changes in their breasts.

What company manufactures the Aware® Breast Self Exam device?

The Aware® Breast Self Exam device is manufactured by Biomerica, Inc. (BMRA).