RBCC JV Target Amarantus Explores Orphan Drug Designation for MANF

  RBCC JV Target Amarantus Explores Orphan Drug Designation for MANF

Business Wire

NOKOMIS, Fla. -- November 26, 2012

Rainbow Coral Corp. (OTCBB: RBCC) joint venture target Amarantus BioSciences
(OTCBB: AMBS) recently announced the company will seek orphan drug designation
from the FDA for MANF, the therapeutic protein developed to treat Parkinson’s
disease and traumatic brain injuries.

The Orphan Drug Act, passed by Congress in 1983, provides for the granting of
special status to a product used to treat rare diseases. Orphan drug
designation means that the drug sponsor qualifies for certain benefits, such
as reduced taxes, from the federal government.

While Parkinson’s disease and traumatic brain injury are both afflictions
suffered by large populations of patients worldwide, Amarantus’ research
indicates that MANF may also be well-suited to treating many rare and
ultra-rare neurological ailments, as well. By pursuing orphan drug status, the
joint venture could potentially fast-track MANF on an accelerated timetable
requiring fewer and smaller clinical trials for commercialization.

Competitors such as Genzyme, FerroKin Biosciences and Alexion Pharmaceuticals
have leveraged orphan drugs into buyouts totaling billions of dollars in
recent years, raising Amarantus’ expectations for MANF.

Amarantus recently received millions in new funding to continue their research
and development work. The joint venture’s first priority will be the speedy
commercialization of Amarantus’ NuroPro, a sophisticated test developed to
more accurately and easily diagnose Parkinson’s disease.

For more information on Rainbow BioSciences’ neurological treatment
initiatives, please visitwww.rainbowbiosciences.com/investors.html.

RainbowBioSciences is dedicated to developing new medical and research
technology innovations to compete alongside companies such as Amgen Inc.
(NASDAQ:AMGN),Cell Therapeutics, Inc. (NASDAQ:CTIC) and Abbott Laboratories
(NYSE:ABT).

About Rainbow BioSciences

Rainbow BioSciences, LLC, is a wholly owned subsidiary of Rainbow Coral Corp.
(OTCBB:RBCC). The company continually seeks out new partnerships with
biotechnology developers to deliver profitable new medical technologies and
innovations. For more information on our growth-oriented business initiatives,
please visit our website at [www.RainbowBioSciences.com]. For investment
information and performance data on the company, please visit
www.RainbowBioSciences.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words "believes," "expects," "anticipate" or similar
expressions. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the company to differ materially from those expressed or
implied by such forward-looking statements. In addition, description of
anyone's past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information included
herein for events occurring after the date hereof.

Contact:

Rainbow Coral Corp.
Patrick Brown, 813-367-9511
President and CEO
info@rainbowcoral.com
 
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