Rainbow Biosciences, the biotech division of Rainbow Coral Corp. 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.
Rainbow BioSciences will develop new medical and research technology innovations to compete alongside companies such as Celgene Corp. , Cardinal Health, Inc. Abbott Laboratories and Affymax, Inc. Follow us on Twitter at www.twitter.com/RBCCinfo.
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.
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