SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. Signs Binding Letter of Intent With Genesis Bio Pharma, Inc. to Acquire an
17 Junho 2010 - 10:58AM
Marketwired
SciMeDent Health, Corp. f/k/a Trend Exploration, Inc. ("TRDX" or
the "Company") (PINKSHEETS: TRDX) today announces it has executed a
binding Letter of Intent with Montreal-based Genesis Bio Pharma,
Inc. to acquire an exclusive worldwide sublicense for a new
compound in development for the treatment of Painful Diabetic
Neuropathy (PDN).
PDN is one of many complications of diabetes. Forty to fifty
percent of diabetic patients may develop PDN over 15 to 20 years.
PDN is present in 11.6% of patients with Type I diabetes and 32.1%
of patients with Type II diabetes. PDN may present itself as a
progressive build-up of unpleasant sensory symptoms including
tingling (paraesthesia), burning pain, shooting pain down the legs
and toes and lancinating or contact pain. The pain is more severe
during the night and often prevents sleep. Some patients may be in
a constant state of tiredness because of sleep deprivation while
others are unable to maintain employment.
Dr. Jan Stahl CEO, of TRDX, commented: "We are ecstatic to reach
this binding Letter of Intent stage with Genesis. Their work in the
treatment of diabetic neuropathy is groundbreaking and we look
forward to being a major part in bringing this innovation to the
world. We will work diligently to complete the definitive agreement
and closing as soon as possible."
Dr. Leo Stella, CEO of GENESIS Bio Pharma, stated: "Our mission
is aimed at the development of proprietary drugs for the treatment
of complications of diabetes, specifically, PDN. We received
approval from the Therapeutic Product Directorate (TPD) of Health
Canada to initiate Phase I clinical trials with our lead compound
R-954. Our alliance with TRDX will help us accomplish our aim by
initiating the clinical trials as soon as possible."
About SCIMEDENT f/k/a Trend Exploration, Inc. (PINKSHEETS:
TRDX)
SciMeDent 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.
dmyers@cadenceconsultingllc.com 1-866-383-1374
Trend Exploration (PK) (USOTC:TRDX)
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