NOKOMIS, Fla.--(BUSINESS WIRE)--Rainbow Biosciences, the biotech division of Rainbow Coral Corp. (OTCBB:RBCC), announced today that it’s on the cusp of a major breakthrough in its business relationship with n3D Biosciences.
Last week, management from RBCC and n3D convened to review potential terms for a go-forward relationship. The companies discussed possible funding opportunities that would enable n3D to accelerate its business objectives.
RBCC expects to have a draft agreement finalized as early as next week. The deal would be the culmination of months of work toward an acquisition or joint venture with n3D.
Nano3D is a fully commercialized company that has developed a breakthrough three-dimensional cell culturing system. A funding agreement would allow RBCC to move forward with its global marketing initiative for n3D’s innovative product.
For more information on Rainbow BioSciences, please visit www.rainbowbiosciences.com/investors.
Rainbow BioSciences will develop new medical and research technology innovations to compete alongside companies such as Celgene Corp. (NASDAQ: CELG), Cardinal Health, Inc. (NYSE: CAH), Abbott Laboratories (NYSE: ABT) and Affymax, Inc. (NASDAQ: AFFY).
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About Rainbow BioSciences
Rainbow BioSciences is a division 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.
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