Amarantus BioSciences Announces the Release of Research Report by TomorrowsBlueChips.com
SUNNYVALE, Calif., July 11, 2012 (GLOBE NEWSWIRE) -- Amarantus BioSciences Inc. (OTCBB:AMBS), a California-based biotechnology company focused on the development of a therapeutic protein known as MANF, announced today that TomorrowsBlueChips.com has profiled it in a 9-page research report that can be found directly on the web site under its Research section: http://tomorrowsbluechips.com/research/
The report's analysis states, "Amarantus is now exposed to two global markets: Parkinson's and Traumatic Brain Injury." It adds that "Amarantus is interested in partnering opportunities for its product candidates that will allow development of adjunct-products that will address diseases caused by poorly served biological pathways. The company aims to generate revenues through collecting up-front and milestone payments as its candidates advance through pre-clinical and clinical development, and royalties upon commercialization."
The report also notes a round of buyouts that occurred in 2007-2008 within the industry. "The most extreme example includes GlaxoSmithKline's (GSK) $57M buyout of Genelabs (GNLB) for an astounding 400%+ premium for the latter's hepatitis C clinical development assets."
About Amarantus BioSciences Inc.
Amarantus BioSciences, Inc. is a development-stage biotechnology company that was founded in January 2008. The Company has a focus on developing certain biologics surrounding the intellectual property and proprietary technologies it owns to treat Parkinson's disease and other human diseases. The Company owns the intellectual property rights to a therapeutic protein known as Mesencephalic-Astrocyte-derived Neurotrophic Factor ("MANF"). For further information please visit www.amarantus.com.
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