QualityStocks would like to highlight MusclePharm Corporation (
OTCBB: MSLP), engaged in the development, manufacture, and marketing of nutritional supplements for athletes. The company provides a line of nutritional supplements based upon amino acids, herbs, and proteins, to address various categories of an active lifestyle, including muscle building, weight loss, and fitness maintenance.
In the company’s news,
MusclePharm announced a strategic investment of $2 million into BioZone Pharmaceuticals Inc. (OTCQB: BZNE). Bio Zone is a developer, manufacturer, and marketer of over-the-counter drugs and preparations, cosmetics, and nutritional supplements for both retail chains and healthcare product marketing firms. It also owns novel drug delivery platforms, including its QuSome technology.
The investment was made in the form of a 10% secured convertible note due one year from the date of issuance. The note is convertible into common shares of BioZone Pharmaceuticals stock at a price of $0.20 per share. Additionally, MusclePharm received a 10-year warrant to purchase a further 10 million shares of BioZone common stock at an exercise price of $0.40 a share.
One of the reasons MusclePharm invested into BioZone Pharmaceuticals is its QuSome technology, which enhances the absorption of topical and other drugs. MusclePharm is studying the technology in connection with nutritional supplements to determine if the technology can enhance the absorption and speed delivery of its products.
In addition, MusclePharm announced it recently acquired 28 patents related to a proprietary transdermal drug delivery system that allows for precise control over both dosage and absorption rates. The system delivers drugs through the skin using low-level electrical energy that sends the drug directly to the bloodstream.
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Forward-Looking Statement:
This release may contain forward-looking statements within 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
