Carmel Biosciences announces clarification to indicate no relationship with Nutriband

By , in PR on .

ATLANTA, GA – 02-11-2019 ( — Carmel Biosciences, an Atlanta, Georgia based pharmaceutical company, announced today a clarification that no business or working relationship exists with Nutriband, Inc.  This announcement was made in light of previous news releases from September 2018 that indicated that Nutriband (based in Orlando, Florida) had acquired Carmel and its pharmaceutical and nutraceutical assets.   Discussions for potential acquisition originated in May 2018 and a letter of intent was signed in June 2018.  However, no Definitive Agreement was ever finalized and no acquisition event occurred. 

In November 2018, both Carmel and Nutriband terminated any further discussions for acquisition, and notification was made by Nutriband to the Securities and Exchange Commission in a Form 8-K report.  Carmel Biosciences is a pharmaceutical company that addresses critical needs in reformulation for cardiovascular and metabolic therapies to provide a high degree of safety, efficacy, and ease of dosing.   The company retains the New Drug Application (NDA) and ownership rights to Food and Drug Administration-approved Prexxartan, the first and only approved oral liquid dosage form of the angiotensin receptor blocker (ARB) valsartan in the United States.  Carmel also maintains the ownership and rights to develop and market Carmel’s pipeline including CAR-509, CAR-510, CAR-511 and CAR-512, currently in pre-Investigational New Drug (IND) phase. 

Media Contacts:

Company Name: Carmel Biosciences, Inc.
Full Name: Ray Carreon
Phone: 404-600-6343
Email Address: Send Email

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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