Business
Emergent Acquires Evolutionary Biologics, Former L’Oréal President Jim Morrison to Become Full Time CEO of Emergent Effective August 15, 2022
Emergent Acquires Evolutionary Biologics, Former L’Oréal President Jim Morrison to Become Full Time CEO of Emergent Effective August 15, 2022.
About this update from Emergent Health Corp.
[{"type":"text","content":"HAUPPAUGE, NY / ACCESSWIRE / August 9, 2022 / Emergent Health Corp. ("Emergent") (OTC PINK:EMGE) announces it has acquired Evolutionary Biologics, Inc., a new kind of biologics company founded for a clear purpose: bring cutting edge regenerative products to the medical community. The purchase price included equity in Emergent and a capital investment into Evolutionary Biologics for sales, scaling of the company operations and promotions. Evolutionary Biologics flagship products include Evo Hybrid™ which helps jumpstart your body's own natural healing power to help bring your skin back to youthful suppleness and HydrEyes™ which helps reduce redness to help reveal your eyes' natural radiance.Evo Hybrid™ is a proprietary blend of umbilical cord tissue, placental tissue, and amniotic membrane. This product contains the highest quality bioactive biomolecules of Whartons Jelly (MSCs) mesenchymal stem cells and its extracellular matrix.HydrEyes™, formerly known as Exo Eye™ is a proprietary blend of Extracellular Vesicle Ophthalmic solution which helps to restore the natural tear's lipid layer to hold in moisture and reduce tear evaporation helping with dry eye syndrome.Evolutionary Biologics' goal is to create consumer awareness of regenerative medicine with a global presence using science and technology to build products to create external beauty. Evolutionary Biologics intends to use push and pull marketing, social media, and consumer awareness events to create collaborations with clinics for its products.Newly Appointed CEO Jim Morrison, former President of L'Oréal with Current Emergent Board Member Marvin Segel, son of QVC founder Joseph SegelJim Morrison, former President of L'Oréal has accepted the position of CEO at Emergent, effective August 15, 2022 subject to Emergent filing its June 30th 2022 Quarterly financial statement with OTC Markets on a full-time basis now that the acquisitions of Regen BioWellness, a distributor of various products in the plant-based and regenerative medical fields and Evolutionary Biologics have been completed. James Zimbler, the current CEO shall remain with Emergent as Sr. Vice-President of Corporate Finance to focus on strategic acquisitions and expanding the Emergent management team.On June 29th 2022, Emergent announced its letter of intent to ac...