RBCC: Federal Initiative Could Further Boost Personalized Medicine in U.S.

HENDERSON, Nev.--(BUSINESS WIRE)-- Rainbow Coral Corp. (OTCBB:RBCC) is weighing options and considering future moves now that the Obama Administration has begun soliciting the medical community and the public for ideas on personalizing medical treatments to meet individual patient needs. The search for suggestions is the first step of the president’s Precision Medicine Initiative (PMI), proposed last January – a wide-ranging $215 million federal program that could spell great opportunity for companies engaged in developing and distributing personalized medicine solutions, such as RBCC.

The administration is seeking ideas on how to include underserved populations in precision medicine research, developing new electronic health record systems to help patients access clinical data and then donate it for research and improving information sharing between organizations, among others.

“This is a powerful initiative that can go a long way to improving individual health across the country,” said RBCC CEO Kimberly Palmer. “We have some definite ideas and experiences we’d be happy to share. Our investment thesis is based on bringing personalized medicine solutions to the mainstream market; from addiction therapies to stem cell protocols, we believe this is the future of wellness.”

Analysts estimate global personalized medicine market to grow to $60 billion by 2019, up from $42 billion at present.

For more information on RBCC’s initiatives, please visit www.rainbowbiosciences.com.

About Rainbow Biosciences

Rainbow Biosciences, LLC, is a wholly owned subsidiary of Rainbow Coral Corp. (RBCC). The Company continually seeks out new partnerships with biotechnology developers to deliver profitable new medical technologies and innovations. For more information on our growth-oriented business initiatives, please visit www.RainbowBioSciences.com. For investment information and performance data on the Company, please visit www.RainbowBioSciences.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005503/en/

Rainbow Coral Corp.
Kimberly Palmer, 702-940-2345
President and CEO
[email protected]

Source: Rainbow Coral Corp.

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