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Stock impact report

Skyline Medical Announces Two Proposed Joint Ventures and New Strategic Focus on CRO Services

SKYLINE MEDICAL INC COMMON (SKLN) 
Company Research Source: GlobeNewswire
MINNEAPOLIS, Nov. 08, 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 two proposed joint ventures with Helomics Corporation and CytoBioscience, which are expected to diversify the Company’s business into the CRO services sector and to provide opportunities for the Company to generate additional revenues. “The joint ventures with Helomics and CytoBioscience, and our anticipated expansion in the CRO Services space, represent a major opportunity for Skyline,” commented Dr. Carl Schwartz, chief executive officer of Skyline Medical. “Personalized medicine, fueled by genomic testing and tailored treatment, is changing the world of healthcare. Both Helomics and CytoBioscience are established, revenue-producing businesses that provide services at the cutting edge of these compelling markets and we are excited to leverage these partn Show less Read more
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