Benzinga | Apr 19, 2021 09:06AM EDT

INVO Bioscience Signs Partnership Agreement With Lyfe Medical To Establish INVOcell Clinic In Northern California

INVO Bioscience, Inc. (NASDAQ:INVO), a medical device company focused on commercializing the world's only in vivo Intravaginal Culture System (IVC), INVOcell(r), an effective and affordable treatment for patients diagnosed with infertility, today announced the execution of a partnership agreement with Lyfe Medical, LLC ("Lyfe Medical") focused on the expansion of the INVOcell solution in Northern California (with an area population of ~8 million people).

Under terms of the partnership agreement, Lyfe Medical will establish and operate a clinic in the San Francisco Bay Area to offer the INVO procedure to its patients while INVO Bioscience will establish and operate the embryology center to provide laboratory services in connection with the INVO procedure provided by Lyfe Medical to its patients.

"We believe that INVOcell can help address key infertility treatment industry challenges regarding cost & capacity constraints to help serve the very large underserved patient population. We are excited to sign this partnership agreement with the team at Lyfe Medical, a physician-led premier-level fertility practice, to establish an INVO center in the Northern California fertility market to help further our mission to increase access to care and expand fertility treatment across the globe. Lyfe has shown a strong commitment to bringing INVOcell into this region. We look forward to ramping up our respective requirements and begin operations later this year," stated Steve Shum, CEO of INVO Bioscience.

"Partnering with INVO Bioscience is very exciting as it allows our companies to jointly leverage IVC technology to improve affordability and access to fertility services. Together, we are helping to ensure that the dream of creating a family is available for all," said William Faidi, CEO of Lyfe Medical.