Benzinga | Dec 16, 2021 09:06AM EST

INVO Bioscience Reports Deal With Ovoclinic In Spain To Expand INVOcell Commercialization, No Terms Disclosed

Agreement follows initial utilization of INVOcell by Ovoclinic phyisicians in early 2021, resulting in successful patient experiences and outcomes

Ovoclinic will expand use of INVOcell in all four of their clinics and become the Center of Excellence and Training Site for Europe

SARASOTA, Fla. and MADRID, Dec. 16, 2021 /PRNewswire/ -- INVO Bioscience, Inc. (NASDAQ:INVO), a medical device company focused on commercializing the world's only in vivo culture system (IVC), INVOcell(r), today announced the Company has entered into an expanded agreement with Ovoclinic, a group of clinics specialized in assisted reproductive treatments with four locations across Spain (Madrid, Marbella, M?laga, Ceuta) and collaborating centers around Europe, to accelerate adoption of INVOcell within their markets. The agreement includes the expanded adoption of INVOcell within Ovoclinic locations as well as establishing an INVO Center of Excellence for future training for the European Market.



INVO began commercialization in Spain through direct sales efforts in early 2021, primiarily to support Ovoclinic's desire to begin working with the INVOcell technology. Ovoclinic was trained and began offering the INVOcell solution to select patients during the year, and has reported successful results with patients primarily between 30 and 50 years of age. Ovoclinic will now begin offering INVOcell and the IVC Procedure to all its patients and become an INVO Center of Excellence with its Marbella location serving as the training facility. Ovoclinic will use content provided by INVO, which includes utilizing "An INVO Center" for its marketing and patient education materials to promote INVOcell and the IVC Procedure. As a pioneer in egg cryopreservation and the creators of the first egg bank in Europe with its Ovobank operation, Ovoclinic intends to help promote INVOcell to its Ovobank clinical partners across the European Union.

"Since our initial relationship began earlier this year, the teams at INVO and Ovoclinic have worked closely together to train their medical team and introduce the INVOcell solution to patients in need of advanced fertility treatment," commented Stece Shum, CEO of INVO Bioscience. "We are thrilled to be expanding our relationship with Ovoclinic through this agreement, which reflects their enthusiasm and belief in the INVOcell treatment option and desire to not only expand the technology in their own clinics, but also utilize their strong reputation and current operations in Spain to become a center of excellence to help promote INVOcell to other fertility clinics in the EU. We look forward to working closely with Ovoclinic to help expand adoption and achieve our goal of advancing assisted reproductive treatment throughout Spain to the many individuals that need care."

Spain has a total population of approximately 47 million people. According to the World Bank, Spain has one of the lowest fertility rates in Europe, affecting approximately 15% of the population, or one in seven couples of reproductive ages. According to reports, in 2010, there were approximately one million couples requesting assisted reproductive treatment, however only 22% received one or more assisted reproductive treatment cycles. The average waiting time for an IUI or IVF cycle in a public health facility was 339 days.

"After several successful trials implementing the exciting INVOcell fertility treatment, Ovoclinic aims to provide its patients with this effective alternative to the processes used so far in Spain in the field of reproductive medicine," says Cristina Gonzalez, embryologist and Quality Manager of Ovoclinic laboratories. "We consider INVOcell to be an effective method of natural reproduction that involves the future mother at the very first moment of the process. We are confident that this innovative treatment will help many patients to choose this new alternative solution to achieve their dream of forming a family by actively participating in the reproductive process."