Full Press Release Details
Nutriband Inc. Completes Acquisition of 4P Therapeutics Inc.
ORLANDO, Fla., Aug 1, 2018 - Nutriband Inc. (OTCQB: NTRB)
announced the formal completion of the acquisition of Atlanta-based 4P Therapeutics Inc. Pursuant to the previously announced acquisition
agreement, on Aug 1, 2018, Nutriband completed the acquisition of 4P Therapeutics for 250,000 shares of Nutriband's common
stock and cash of $400,000.
Gareth Sheridan, Chief Executive Officer of Nutriband, said
"4P Therapeutics is focused on the research and development of transdermal and novel drug delivery technologies and therapeutics.
As a result of the acquisition, we are acquiring 4P's transdermal prescription pipeline in development, which consists of
products to treat opioid abuse /misuse, diabetes, nausea, Infertility, Blood Pressure, Parkinson's disease, and pain relief,
which are in various stages of development."
Nutriband is a results driven, health and pharmaceutical company
based in Orlando Florida. With the acquisition of 4P, Nutriband now has a pipeline of potential transdermal products. Unlike
traditional health product companies, Nutriband found its start by spotting and targeting a gross and virtually unexplored niche
in the market through its method of ingredient delivery. All Nutriband products are based around the science of transdermal /topical
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without limitation, statements containing the words "believes", "anticipates", "expects" and
words of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. Our actual results
may differ materially from those anticipated in our forward-looking statements as a result of a number of factors, including our
ability to develop and market new products in 4P's pipeline; our ability to complete the necessary testing in order to obtain
regulatory approval; the safety and efficacy of any products we develop, our ability to obtain necessary financial to complete
the regulatory process and market any products that we develop, our ability to create, sustain, manage or forecast our growth;
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