(OTCBB:NPHC), a biotechnology company that is developing drugs for HIV
and Multiple Sclerosis (MS), has today announced that it has expanded
its licensing agreement with NanoLogix, Inc., (Pink Sheets: NNLX) to
include intellectual property for the use of testing the environment
for NonTuberculous Mycobacterium (NTM).
"NTM infections are becoming a major concern for hospitals and medical
clinics around the world," explained Rik J. Deitsch, Chairman and CEO
of Nutra Pharma Corporation. "Combining our newly licensed
intellectual property with our current test kit technology will allow
our subsidiary, Designer Diagnostics, to attempt to successfully
launch a cost-effective solution to help identify the environmental
sources of NTM infections," he added.
NonTuberculous Mycobacterium, also known as atypical Tuberculosis
(Atypical TB) or Mycobacterium other than Tuberculosis (MOTT), is a
bacteria that is found in water, including hot tubs and showers, some
domestic and wild animals, and soil. One of the most common forms of
NTM infections found in humans is Mycobacterium avium complex (MAC).
This is a primary cause of respiratory disease in humans and is a
leading cause of death in HIV/AIDS patients.
"Expanding this licensing agreement to include environmental testing
is a natural progression of our relationship with Nutra Pharma and our
belief in its ability to successfully bring these kits to market,"
commented Bret Barnhizer, President and CEO of NanoLogix, Inc. "In
addition to helping detect NTM in patients, Nutra Pharma will now be
able to test for NTM in the environment to help prevent others from
becoming infected," he concluded.
Nutra Pharma's wholly-owned medical devices subsidiary, Designer
Diagnostics, is currently planning to undergo third party validation
for its NTM diagnostic test kits at leading Tuberculosis research
institute, National Jewish Medical and Research Center, in Denver,
Colorado. The Company plans to apply for FDA approval upon successful
completion of this clinical trial.
Recently, distinguished NTM research scientist, Dr. Rahul Narang, used
the Designer Diagnostics test kits to test soil and water samples
collected from the environment of patients with NTM infections. This
was the first time the technique was used in India and the findings
were presented in November at the 38th Union World Conference on Lung
Health in Cape Town, South Africa.
About Nutra Pharma Corp.
Nutra Pharma Corp. is a biopharmaceutical company specializing in the
acquisition, licensing and commercialization of pharmaceutical
products and technologies for the management of neurological
disorders, cancer, autoimmune and infectious diseases. Nutra Pharma
Corp. through its subsidiaries carries out basic drug discovery
research and clinical development and also seeks strategic licensing
partnerships to reduce the risks associated with the drug development
process. The Company's holding, ReceptoPharm, Inc, is developing these
technologies for the production of drugs for HIV and Multiple
Sclerosis ("MS"). The Company's subsidiary, Designer Diagnostics, is
engaged in the research and development of diagnostic test kits
designed to be used for the rapid identification of infectious
diseases such as Tuberculosis (TB) and Mycobacterium
avium-intracellulare (MAI). Nutra Pharma continues to identify and
acquire intellectual property and companies in the biotechnology
arena.
http://www.NutraPharma.com
http://www.DesignerDiagnostics.com
SEC Disclaimer
This press release contains forward-looking statements. The words or
phrases "would be," "will allow," "intends to," "will likely result,"
"are expected to," "will continue," "is anticipated," "estimate,"
"project," or similar expressions are intended to identify
"forward-looking statements." Actual results could differ materially
from those projected in Nutra Pharma's ("the Company") business plan.
The Company's business is subject to various risks, which are
discussed in the Company's filings with the Securities and Exchange
Commission ("SEC"). The expanded licensing agreement with NanoLogix,
Inc., to include environmental testing should not be construed as an
indication in any way whatsoever of the value of the Company or its
common stock. The Company's filings may be accessed at the SEC's Edgar
system at www.sec.gov. Statements made herein are as of the date of
this press release and should not be relied upon as of any subsequent
date. The Company cautions readers not to place reliance on such
statements. Unless otherwise required by applicable law, we do not
undertake, and we specifically disclaim any obligation, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances after the date of such
statement.
SOURCE: Nutra Pharma Corp.
Nutra Pharma Corp.
David Isserman, 877-895-5647
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