Skyline Medical and Helomics Corporation Sign Joint Venture Term Sheet to Build-out and Commercialize the D-CHIP™ platform
SKYLINE MEDICAL INC COMMON (SKLN)
NASDAQ:AMEX Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Skyline Medical Inc. (NASDAQ:SKLN) (“Skyline” or the “Company”), producer of the FDA-approved STREAMWAY® System for automated, direct-to-drain medical fluid disposal, today announced it has signed a term sheet with Helomics Corporation, a precision diagnostic company and integrated clinical contract research organization, to leverage the Helomics D-CHIP™ platform to develop and market new approaches for personalized cancer diagnosis and care. The joint venture follows a strategic collaboration between Helomics and Skyline announced on November 1, 2017 and represents a deeper partnership between the two companies that is expected to provide Skyline with opportunities to generate revenues from additional markets. Skyline Medical will own 51% of the joint venture, with Helomics owning the remaining 49%. The day to day operations of the Joint Venture will be managed by Helomics subject to the direction and oversight of the Joint Venture’s
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