Source: Trading Markets
SK3 Group, Inc. announced that it has signed a $5M biomolecule sales agreement with SuperFruit BioSciences, Inc., a Florida corporation.
The biomolecules that are the subject of the sale are intended for cosmetic product use and skin treatment
in the United States and South America. They were produced as a by-product of the proprietary and patented adult stem cell regeneration technology owned by Texas-based adult stem cell technology company Regenetech. Discovia Life Sciences, the biotechnology
and advanced life sciences holding portfolio of parent company Healthcare of Today, sold the biomolecules to SK3 Group earlier this year.
SuperFruit BioSciences, Inc. is a value added manufacturer, direct supplier, and innovator in Amazon Rain Forest super fruit ingredient processing. The Amazon Rainforest holds many of the health and wellness answers for the earth's aging population and is a treasure chest of medicinal bio-resources derived from fruits, plants and trees that, when harnessed together, will provide a powerful and diverse portfolio of products to the marketplace. Sourcing super fruits such as Acai in the Amazon basin while following sustainable, environmentally conscious business practices and food and health product
safety guidelines, Superfruit BioSciences, Inc. captures the essence of this opportunity by bringing together well known local Brazilian experts, along with critical focus on R&D with several U.S. universities and the Institute for Superfruit Research, which it founded.
The sales agreement provides a non-exclusive right to distribute and use the biomolecules for cosmetics, skin treatments and related uses in the U.S. and an exclusive right of distribution in Brazil. The company plans to investigate the development of products marrying the high anti-oxidant oils, powders, butters and creams derived from Rain Forest natural products, with the regenerative powers of the biomolecules, for use in new cosmetic lines as well as skin treatments and similar uses.
Healthcare of Today is a vertically integrated healthcare holding company. Founded in 2008, it has acquired a number of companies, many specializing in the senior care industry. Its direct and indirect subsidiaries are engaged in a range of businesses including: nurse staffing, residential care facilities for the elderly, home healthcare services, home healthcare equipment sales, healthcare IT, medical devices, healthcare consulting, insurance, data security, biotechnology, and alternative energy.