Rainbow BioSciences, LLC, the biotech subsidiary of Rainbow Coral Corp.
(OTCBB: RBCC), announced today that its current joint venture target,
Amarantus BioSciences, Inc. (OTCBB: AMBS), has cited several new
peer-reviewed articles detailing its new protein therapy MANF to its
website, bringing the total to 20.
A listing of the citations can be viewed on the company’s website at www.amarantus.com/investor-relations/scientific-publications.html.
The publications cited on Amarantus’ website are proof that there is
significant interest in this new therapy within the global scientific
community. There have been no major breakthroughs in the treatment of
Parkinson’s disease and other neurodegenerative disorders in a very long
time, and the demand for effective new treatments for these afflictions
is very high. Both RBCC and Amarantus look forward to the possibility of
helping to bring MANF to a market hungry for a potential cure.
MANF is a pre-clinical natural therapeutic protein being developed for
the treatment of disorders associated with endoplasmic reticulum stress
in cells, including Parkinson’s, Traumatic Brain Injury (TBI),
Alzheimer’s and more. The protein acts as a molecular chaperone that
improves protein folding in cells’ endoplasmic reticulum via the
Unfolded Protein Response (UPR).
Currently, Amarantus is focused on achieving the required protocols to
gain regulatory approval to initiate human clinical studies of MANF.
RBCC announced earlier this week that the company signed a letter of
intent to advance Amarantus’ Parkinson’s disease program. RBCC has
initiated due diligence toward a potential definitive agreement with the
company. If future clinical studies confirm MANF’s potential for
treating Parkinson’s and other diseases, the product could prove
extremely lucrative around the world.
For more information on Rainbow BioSciences, RBCC’s biotechnology
division, please visit www.rainbowbiosciences.com/investors.html.
Rainbow BioSciences will develop new medical and research technology
innovations to compete alongside companies such as Cell Therapeutics,
Inc. (NASDAQ: CTIC), Biogen Idec Inc. (NASDAQ: BIIB), Abbott
Laboratories (NYSE: ABT) and Elan Corp. (NYSE: ELN).
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.
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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,"
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Source(s) : Rainbow Coral Corp.