TRDX Announces Negotiations Progressing Well With Genesis Biopharma; Definitive Agreement and Closing Expected Shortly
July 19 2010 - 7:30AM
Marketwired
SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. ("TRDX" or
the "Company") (PINKSHEETS: TRDX) today announces to its
shareholders that its negotiations are progressing well towards a
definitive agreement with Genesis Biopharma, Inc. ("Genesis") to
acquire an exclusive worldwide sublicense for a new compound in
development for the treatment of Painful Diabetic Neuropathy (PDN).
The Company expects the definitive agreement and subsequent
closing to be finalized in a reasonably short period of time.
Dr. Jan Stahl, CEO of TRDX, commented: "We are pleased to be
nearing completion of negotiations with Genesis. Additionally,
plans for funding the development of Genesis' PDN solution are
progressing. We look forward to the successful completion of these
key milestones in the near future."
About Genesis Biopharma, Inc.
Genesis Biopharma, Inc. (www.genesisbiopharma.com) is a Canadian
corporation founded in 2007 to exploit the commercial potential for
the therapeutic use of peptidomimetic (modified amino acid
peptides) compounds. Amino acids are the building blocks of
proteins, which are found in every cell of every living thing on
Earth. Proteins consist of extremely long and complex amino acid
chains. In contrast, a peptide is a short string of amino acids,
joined by chemical bonds (also called "amide bonds").
About SCIMEDENT f/k/a Trend Exploration,
Inc. (PINKSHEETS: TRDX)
SciMeDent (www.scimedenthealth.com) is a company focused on
being a leading developer and marketer of products and services for
medicine, dentistry and life sciences. SciMeDent plans to achieve
growth initially through mergers and acquisitions.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological or
industry changes and uncertainties related to the development of
the Company's business model. The actual results the Company may
achieve could differ materially from any forward-looking statements
due to such risks and uncertainties.
Contact: SciMeDent Health Corp. f/k/a Trend Exploration, Inc.
www.scimedenthealth.com dmyers@cadenceconsultingllc.com
1-866-383-1374
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