Discount Dental Materials, a provider of dental products, has purchased all the assests of Cerebain Biotech through a reverse merger.
As per the acquisition, Cerebain has become a wholly-owned subsidiary of the Discount Dental Materials.
Discount Dental president Gerald DeCiccio said the company’s acquisition of Cerebain is a significant step towards increasing visibility and providing liquidity for its shareholders.
"We believe this move will also provide the company with additional financing options to fund current and future product development for the treatment of Alzheimer’s disease," DeCiccio added.