Fayetteville Company Raising Funds for Hair Loss Treatment

A Fayetteville company is trying to raise $7 million to treat hair loss. BiologicsMD Inc. raised $400,000 so far, according to its Feb. 8 filing at the U.S Securities & Exchange Commission. The money raised will go toward helping to get regulatory approval of its treatment for hair loss, mainly for people who have alopecia areata, an autoimmune skin disease that causes hair loss on the head and on other parts of the body, said Dr. Rob Gensure, the company’s medical officer. “They have an immune system problem where their immune system attacks their hair follicle, and it falls out in patches at random times,” Gensure said. He said the treatment is also expected to work for others who have hair loss, including those suffering from male pattern baldness. “But we won’t know that until clinical trials,” Gensure said. He said the regulatory process could take up to two years. “It all depends on money,” he said.
Source: Arkansas Business - Health Care - Category: American Health Source Type: news