(OTC: KKUR) ChromoCure to Acquire $25 Million in IP and Technology for Cancer Detection
16 April 2010 - 1:30PM
Marketwired
ChromoCure Inc. (PINKSHEETS: KKUR) announced today it has signed a
Letter of Intent with Genome Research Group (GRG). Under the terms
of the Agreement, ChromoCure will acquire and merge with GRG and
combine the Company's operations and assets with all GRG
Intellectual Property (IP) assets and operations.
The merger transaction is valued in excess of $25,000,000 and
results in significant increases to shareholder equity and
reductions in long-term liabilities. The Company had recently
announced a Technology Exchange and Collaboration Agreement with
GRG, and through the initial integration phase, determined that
joining forces and merging technology and operations would be of
mutual benefit in advancement of their shared objective as a
focused Cancer Therapy and Cure Research & Development
organization.
GRG's advanced Therapeutic Modeling Protocols, together with
ChromoCure's landmark Chromosomal Scanning Technology, further
strengthens the Company's leadership in Cancer Detection.
For More Information on ChromoCure please visit:
www.chromocure.com.
For More Information on Genome Research Group please visit:
www.genomeresearchgroup.com.
Other active stocks are Akorn Inc. (NASDAQ: AKRX), Forest
Laboratories Ltd., (NYSE: FRX) and Pfizer Inc. (NYSE: PFE).
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