JUPITER, Fla. -- (BUSINESS WIRE) -- BioRestorative Therapies, Inc. ("BRT" or the "Company") (OTCBB:BRTX), a life sciences company focused on adult stem cell-based therapies for various personal medical applications, today announced that it has entered into a Research and Development Agreement (“Agreement”) with Rohto Pharmaceutical Company, Ltd. (“Rohto”). Under the Agreement, BRT has been engaged to provide stem cell research and development services.
Rohto is a Japanese global pharmaceutical company with approximately $1.3 billion in sales that develops new technology for the medical and cosmetics markets.
“BioRestorative Therapies has expertise in cell biology with considerable skills in culturing stem cells, and we are delighted that Rohto has selected BRT to assist it with its cell based therapeutic program,” said Mark Weinreb, Chief Executive Officer of BRT. “We look forward to a productive relationship with this new prestigious partner."
Founded in 1899, Rohto Pharmaceutical is the second-largest consumer health company in Japan, and is a world leader in the manufacturing and marketing of pharmaceuticals, cosmetics, and skincare and healthcare products. Rohto has global operations and its products are available in more than 150 countries.
About BioRestorative Therapies, Inc.
BioRestorative Therapies, Inc. (www.biorestorative.com) develops products and medical procedures using cell and tissue protocols, primarily involving adult stem cells, including:
The Company also offers plant stem cell-based facial creams and beauty products under the Stem Pearls® brand at www.stempearls.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks, including those set forth in the Company's Form 10-K filed with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and the Company undertakes no obligation to update such statements.