Scottsdale 7/3/2013 3:00:00 AM
Rainbow Coral (RBCC) Partner Successfully Raises Funds for New Drug Delivery Solutions
QualityStocks would like to highlight Rainbow Coral Corp. (OTCBB: RBCC). The company, via its wholly owned subsidiary Rainbow Biosciences, continually seeks out new partnerships with biotechnology developers to deliver profitable new medical technologies and innovations. The company specifically pursues opportunities that offer short-term marketability and commercialization potential in key areas like Alzheimer's, Parkinson's, and Cancer.
In the company’s news,
Rainbow Coral applauded the fundraising results achieved by joint venture partner TheraKine, Ltd.
“TheraKine has done a tremendous job of bringing in outside funds to help push its innovations further into a hungry marketplace,” said RBCC CEO Patrick Brown. “The interest in TheraKine’s new drug delivery solutions is a fantastic illustration of this new system’s incredible market potential.”
Rainbow Coral signed a joint venture agreement with TheraKine earlier this year to help market and develop a revolutionary, sustained-release drug delivery platform designed to make local delivery of biologic agents and small molecules safer, more effective, and more convenient. TheraKine’s novel, patented technologies have the potential to enable selective, site-specific drug delivery, allowing for lower drug concentrations and significantly reducing the risk of drug toxicity.
As TheraKine concentrates on outside fundraising in order to market these technologies around the globe, RBCC is seeking out interested healthcare providers with clients that would highly value TheraKine’s advanced sustained-release delivery system.
The global market for drug delivery technologies is driven by biologics and medications that can’t be administered effectively through traditional means. Some experts believe that the worldwide market for the 10 most popular drug delivery technologies alone could grow to $81.5 billion by 2015.
RBCC is dedicated to delivering new medical research and technologies.
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