Cerebain Biotech Corp. (OTC: CBBT) announced a capital investment in Diabetes Reversal Group, LLC (DRG), highlighting its confidence in DRG's potential to address the growing Type 2 diabetes market. DRG boasts a patented system that reverses Type 2 diabetes with a proven track record over 13 years, having helped thousands achieve better health and reduce medication reliance. The partnership aims to enhance DRG's reach nationally and internationally, providing natural treatment alternatives to traditional drug therapies. Cerebain is focused on developing innovative medical solutions related to cognitive function.
Cerebain Biotech Corp. (OTC: CBBT) has successfully closed a Share Exchange Agreement with PKG, Inc., gaining total control and ownership of PKG. This strategic acquisition enhances Cerebain’s capabilities in developing a minimally invasive implantable device aimed at improving cognitive function related to dementia, especially Alzheimer’s disease. PKG, established in 1989, specializes in system-level device design and manufacturing. This acquisition aligns with Cerebain's vision to advance its product offerings and improve its market position in the medical device sector.
Cerebain Biotech Corp. (OTC: CBBT) announced an update on its Share Exchange Agreement with PKG, Inc., dated February 12, with a purchase price of approximately $2.34 million payable in about 33.47 million shares at $0.07 each. Cerebain will cover PKG liabilities totaling approximately $3.91 million, with $1.61 million remaining after payments. The company aims to file a registration statement for the resale of these shares within six months. Cerebain focuses on developing implantable devices for cognitive health.