Santa Ana, CA, United States (4E) – Alcohol and drug rehabilitation company BioCorRx, Inc. (OTCQB: BICX) has forged licensing agreement with Sobriety and Addictions Solutions LLC.
In its announcement on Monday, BioCorRx said the agreement grants Sobriety and Addictions Solutions exclusive license to distribute its Start Fresh Program in Maryland, Virginia, West Virginia, North Carolina and the District of Columbia. Sobriety and Addiction Solutions will also be paying BioCorRx a one-time upfront licensing fee and a premium for each program purchased in the said locations.
Sobriety and Addictions Solutions was formerly known as Fresh Start NoCal LLC. The company also purchased licensing rights to the Start Fresh Program in Northern California in 2013.
BioCorRx CEO Kent Emry said the company is very pleased to be partnering with Sobriety and Addiction Solutions again.
“Their existing operation in Northern California has begun to generate good revenue for our company and this group feels strongly about the mission of the Start Fresh Program,” Emry said in the news release. “We feel confident that this group of experienced professionals will duplicate their existing model and be successful right out of the gate with a territory much larger than they currently possess.”
Start Fresh Program is a two-step addiction rehabilitation program that incorporates the use of a biodegradable implant that slowly releases Naltrexone, a drug that blocks the euphoric high triggered by alcohol or opioid cravings, into the bloodstream. The time-release implant is embedded under a layer of fat in the patient’s lower abdomen and is effective for up to 6-12 months in many cases.
Clinics using Start Fresh Program saw the effectiveness of the program in curbing alcohol and opioid cravings in patients. The success rate of the program is up to 85 percent based on a follow-up survey among patients who had completed the six to eight month program.
According to BioCorRx, the territory covered by the licensing agreement has a population of 26.4 million people, a potentially lucrative market that the Start Fresh Program can cater to.
A 2011 study done by the Substance Abuse and Mental Health Services Administration (SAMHSA) revealed that adults in Washington D.C. abuse alcohol more than any state. The study finds that 8.1 percent of adults aged 26 or older abuse alcohol. Drug use is reportedly high as well in the state due to high incidences of marijuana and cocaine use.
SAMSHA data also revealed that 7.86 percent of North Carolina’s 9,535,483 population aged 18 and above was dependent on illicit drugs and alcohol during the period between 2008 and 2009.
West Virginia ranks second for drug-related deaths, particularly those involving prescription opioids, according to BioCorRx.
An estimated 88,000 deaths are associated with excessive alcohol use in the U.S. annually, placing it third in ranking among leading lifestyle-related causes of death, according to the Center for Disease Control’s (CDC) fact sheet on alcohol use and health. The CDC links excessive alcohol use with over 2.7 physician office visits and 1.2 million emergency room visits in 2006.
CDC also reported that excessive alcohol use accounted for 2.5 million years of potential life lost (YPLL) annually. PubMed.gov defines YPLL as the estimatednumber of years a person would have lived had he or she not died early.