PanGenex adds number of CAM practitioners to national physicians' referral network

PanGenex Corporation (Pink Sheets: PGCX), a global nutraceutical and dietary supplement manufacturer and marketer, announced today it has added a number of complementary alternative medicine (CAM)/holistic medical practitioners to its national physicians' referral network. These physicians are part of a national distribution channel for the Company's patented or patent pending nutraceutical products: Calci-Clear™, LIPIDEME™ and Omeganol™. All practitioners are licensed and credentialed.

“With the potential overuse of antibiotics in the U.S., patients and their doctors are finding that typical pharmaceutical remedies might be less effective. They are increasingly turning to holistic medicine as a solution”

“With the potential overuse of antibiotics in the U.S., patients and their doctors are finding that typical pharmaceutical remedies might be less effective. They are increasingly turning to holistic medicine as a solution,” said John Stanton, PanGenex Chairman of the Board. “Employers are also jumping on this health care trend. Many are adding an alternative medicine rider to existing health care plans or providing discounts on all-natural health & wellness products. The result is a more level playing field for the nutraceutical industry, and a tremendous new growth opportunity for PanGenex's product lines.”

According to the most recently published survey from the National Health Interview Survey, people use CAM for an array of diseases and conditions. American adults are most likely to use CAM for musculoskeletal problems such as back, neck, or joint pain. “We have seen a particular increase in the number of chiropractors joining our network. Patients who visit these doctors are generally more receptive to alternative forms of medicine,” added Stanton. “We believe the holistic market is still in its early stages of growth, and we can establish a leadership position in this high-growth category.”