RE:New acquisition I believe that Innovotech will be using their laboratory facilities to combine these two molecules, alpha lipoic acid and L-carnitine into one molecule, which Nou Life will hope to patent.
Then this from there News Release
'Innovotech's research and testing of the linked molecules will seek to confirm that the linked molecules improve function in skin treatment sufficiently to encourage their use in nutraceutical and cosmetic applications. At the same time, Innovotech will investigate the indicated extent of the molecule's skin penetration in anticipation of a positive effect on nerve cell reinvigoration for treatment of neuropathy.'
Innovotech will then have earned in a 60% ownership in Nou Life.
I think that this is a similar arrangement to the NR of July 14th in that Innovotech will arrange partnership agreements with co.'s that need their lab facilities and testing protocols to create and implement products, Innovotech earns in some part of future revenues/profits for the work.
Anyone else have a take on this?
overnout