RBCC Looks Overseas for Potentially Lucrative Licensing Opportunities
NOKOMIS, Fla. -- April 24, 2013
In a bid to expand the market for its biotech innovations beyond North
America, Rainbow Coral Corp. (OTCBB: RBCC) is seeking out new overseas targets
that stand to benefit from adding licenses for the drug delivery protocols
that its joint venture partner, TheraKine, has developed.
Some experts believe that the worldwide market for the 10 most popular drug
delivery technologies (DDTs) alone could grow to $81.5 billion by 2015.
TheraKine is a leader in this marketplace, having developed and patented
novel, tunable technologies with the potential to enable selective,
site-specific drug delivery that allow for lower drug concentrations and
significantly reduced risk of drug toxicity.
In order to build market share in this fast-growing sector, RBCC is looking
for overseas healthcare providers for whom TheraKine’s advanced
sustained-release delivery system could yield significant returns for their
“Licensing is the key to making this a successful partnership with TheraKine,”
said RBCC CEO Patrick Brown. “Together, we can spread this revolutionary
technology around the globe to the doctors and patients who need it most.”
For more information on Rainbow BioSciences’ personalized medicine
initiatives, please visitwww.rainbowbiosciences.com/investors.html.
Rainbow BioSciences will develop new medical and research technology
innovations to compete alongside companies such as Bristol Myers Squibb Co.
(NYSE:BMY),Biogen Idec Inc. (NASDAQ:BIIB), Abbott Laboratories (NYSE:ABT)
and Amgen Inc. (NASDAQ:AMGN).
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 visitwww.RainbowBioSciences.com. For investment information and
performance data on the Company, please
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meaning of Section 27A of the Securities Act of 1933, as amended, and Section
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Rainbow Coral Corp.
Patrick Brown, 850-269-7230
President and CEO
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