PODGORICA, MONTENEGRO--(Marketwired - June 16, 2014) - The Institute of Biomedical Research Corp. (OTC Pink: MRES) (PINKSHEETS: MRES) announced today that it is in the final stages of negotiations with the Government of Montenegro to take over the "Center for Ecological Studies", the largest national scientific and analytical institution and the only one of its kind in the Balkans Peninsula. The "Center for Ecological Studies" is a reference testing and scientific institution, well established for the past 20 years and employs over 100 scientists and analysts.
Dr. Drasko Pekovic, President and CEO of the Institute said "This merge is a logical step in the advancement of scientific and technical capabilities in the region in which the Government of Montenegro and its neighboring countries must facilitate the numerous scientific, technical and standardization challenges imposed by the emerging European Union requirements".
About The Institute of Biomedical Research
The Institute of Biomedical Research (www.institutebmr.com) is an ambitious biomedical business venture whose activities extend from highly diversified scientific research and sophisticated services research and development, quality control and standardization of pharmaceuticals, (cosmetics and food products) up to major long term biomedical and environmental research projects, as well as the development of new diagnostic technologies and innovative experimental medical treatments. Regulatory certification of new drugs and biomedical products also constitutes important business activities of the Institute. The Institute is essential for the development of Montenegro within the regional and European environment.
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