Tivic Health Establishes Halal Compliance for ClearUP, FDA-Approved, Effective, Drug-Free Alternative for Sinus Pain, Pressure, and Congestion
July 11 2023 - 9:00AM
Business Wire
Tivic Health® Systems, Inc. (“Tivic”, Nasdaq: TIVC), a health
tech company that develops and commercializes bioelectronic
medicine, today announced that the Company has completed a full
internal assessment of its supply chain and has established that
its ClearUP product is Halal compliant.
Of all the industries the American Halal Foundation (AHF)
serves, there is probably none more critical than the
pharmaceutical and supplement industry. From both a practical and
principles perspective, the pharmaceutical and supplement industry
is critically important to AHF. 1
There is currently a large asymmetry between the supply and
demand for Halal pharmaceuticals. Although nearly 1 in every 4
consumers globally adheres to Halal, less than 5% of all
pharmaceutical drugs are Halal compliant. 2 As a result, such
consumers are often left with very limited options to address their
health concerns.
American Halal Foundation indicates that 24% of the global
population adheres to Halal and that Halal compliance is the number
one influence on a Muslim consumer’s purchasing decision.3 The
global Muslim population is a diverse and dynamic group that is
spread across the world. As of 2023, it is estimated that there are
over 2.01 billion Muslims in the world, making Islam the
second-largest religion after Christianity. 4
“Today’s pharmaceuticals for pain and inflammation management
lag behind consumer demand for Halal products,” said Jennifer
Ernst, CEO of Tivic. “Bioelectronic medicine is a growing market
that delivers effective, drug-free alternatives to pharmaceuticals
and Tivic is leading the way to deliver solutions to meet the needs
of all of our consumers.”
ClearUP’s non-invasive and targeted approach to the treatment of
inflammatory chronic health conditions gives consumers a drug-free,
ingestion-free, Halal-compliant therapeutic solution. Tivic has
verified that its manufacturing and regulatory processes apply the
principles of good hygiene practices and are in compliance with the
rules of Islamic law. Specifically, Tivic has self-assessed full
compliance with Halal requirements and has verified that all the
products, product derivatives, components, packaging, and processes
in its supply chain meet Halal standards of compliance.
1.
https://halalfoundation.org/insights/halal-pharmaceuticals-and-supplements-certification/
2.
https://halalfoundation.org/insights/halal-pharmaceuticals-and-supplements-certification/
3. https://halalfoundation.org/ 4.
https://timesprayer.com/en/muslim-population/
About Tivic
Tivic is a commercial health tech company advancing the field of
bioelectronic medicine. Tivic’s patented technology platform
leverages stimulation on the trigeminal, sympathetic, and vagus
nerve structures. Tivic’s non-invasive and targeted approach to the
treatment of inflammatory chronic health conditions gives consumers
and providers drug-free therapeutic solutions with high safety
profiles, low risk, and broad applications. Tivic’s first
commercial product ClearUP is an FDA approved, award-winning,
handheld bioelectronic sinus device. ClearUP is clinically proven,
doctor-recommended, and is available through online retailers and
commercial distributors. For more information visit
http://tivichealth.com @TivicHealth
Forward-Looking Statements
This press release may contain “forward-looking statements” that
are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press
release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of
words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar
expressions, although not all forward-looking statements contain
these words. Forward-looking statements are based on Tivic Health
Systems, Inc.’s current expectations and are subject to inherent
uncertainties, risks, and assumptions that are difficult to
predict. Further, certain forward-looking statements are based on
assumptions as to future events that may not prove to be accurate.
Actual results could differ materially from those contained in any
forward-looking statement as a result of various factors,
including, without limitation: the company’s financial condition;
the company’s ability to raise additional capital, if and when
necessary; the issuance of the new patent by the USPTO; clinical
trial results for the company’s product candidates; Tivic’s
determinations regarding Halal compliance have not been confirmed
by an independent third party; Halal certification has not been
obtained by Tivic for its ClearUp product; market and other
conditions; supply chain constraints; macroeconomic factors,
including inflation; and unexpected costs, charges or expenses that
reduce Tivic’s capital resources. Given these risks and
uncertainties, you are cautioned not to place undue reliance on
such forward-looking statements. For a discussion of other risks
and uncertainties, and other important factors, any of which could
cause Tivic’s actual results to differ from those contained in the
forward-looking statements, see Tivic’s filings with the SEC,
including, its Annual Report on Form 10-K for the year ended
December 31, 2022, filed with the SEC on March 31, 2023, under the
heading “Risk Factors”; as well as the company’s subsequent filings
with the SEC. Forward-looking statements contained in this press
release are made as of this date, and Tivic Health Systems, Inc.
undertakes no duty to update such information except as required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230711222324/en/
Media Contact: Kayleigh Westerfield 949-632-3439
Kayleigh.Westerfield@tivichealth.com
Investor Contact: Hanover International, Inc.
ir@tivichealth.com
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