NOKOMIS, Fla. And SUNNYVALE, Calif.--(BUSINESS WIRE)-- Rainbow Coral Corp. (RBCC) biotech subsidiary Rainbow BioSciences and Amarantus Biosciences (AMBS) have moved into the final stages of the terms for a deal. The pending joint venture agreement will see the two entities working together to move the Amarantus NuroPro Parkinsons diagnostic platform towards commercialization. This is a cutting edge approach to diagnosing a debilitating disease that has afflicted millions of people worldwide, said RBCC CEO Patrick Brown. The marketplace is crying out for new breakthroughs in the diagnosis of neurological diseases, and we believe NuroPro has the potential to diagnose Parkinsons disease early allowing physicians to initiate treatment regimens earlier, as well as conduct research of clinical-stage disease-modifying treatments on earlier-stage patients. The deal is being structured to enable completion of the final stages of the NuroPro program, resulting in a commercially viable product to be introduced to the market place. NuroPro is being developed for the diagnosis of Parkinsons disease. The NuroPro test works by identifying differentiated levels proteins and peptides in the blood of patients who have Parkinsons disease, versus those who do not. NuroPro has completed a Phase 1 human clinical trial. The companies expect to initiate Phase 2 … Continue reading
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