American Diversified Holdings Corporation Enters into Broad Strategic Alliance with Leading Biotech Company INVENT Pharmaceuticals, Inc.
Published: Sep 08, 2009
DEL MAR, Calif.--(BUSINESS WIRE)--Ernest B. Remo, Chairman/CEO of American Diversified Holdings Corporation (Pink Sheets: ADHC), announced today that ADHC has entered into a broad strategic alliance with INVENT Pharmaceuticals, Inc. Under the terms of the agreement ADHC will provide advisory services to INVENT ranging from equity investment, capital formation, regulatory compliance, financial and business operational consulting. American Diversified is eligible under the terms of the agreement to become a major equity shareholder in INVENT Pharmaceuticals upon successful capital formation. As a strategic partner, ADHC will provide consulting services to INVENT to enhance operational efficiency, business and corporate development, and positioning the company for IPO, and/or M&A by a major pharmaceutical or a biotech company.