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 clients.
“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 visit www.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 visit www.RainbowBioSciences.com. For investment information and performance data on the Company, please visit www.RainbowBioSciences.com/investors.html.
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