CHERRY HILL, N.J.--(BUSINESS WIRE)--July 24, 2006--MEDISCIENCE-TECH (OTCBB:MDSC - News) and Infotonics Research announced the execution of their Memorandum of Understanding defining Infotonics' agreed role and responsibilities in the development and commercialization of the Mediscience Optical Biopsy Pill. The parties expression of understanding is to commercialize the optical biopsy pill through the formation of a "Newco" subsidiary of Mediscience.
