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American Diversified Holdings Corporation Reaches Agreement To Acquire Brazos Biomedical, LLC
American Diversified Holdings Corporation Reaches Agreement To Acquire Brazos Biomedical, LLC.
About this update from American Diversified Holdings Corp.
[{"type":"text","content":"\n\n\n\nAmerican Diversified Holdings Corporation Reaches Agreement To Acquire Brazos Biomedical, LLC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican Diversified Holdings Corporation Reaches Agreement To Acquire Brazos Biomedical, LLC\nPR Newswire\nDEL MAR, Calif., April 2, 2018\n\n\n\nDEL MAR, Calif., April 2, 2018 /PRNewswire/ -- American Diversified Holdings Corporation (OTC PINK: ADHC) announced today it has reached an agreement to acquire Brazos Biomedical, LLC (BRAZOS), a biomedical device development company based in Houston, TX. Terms of the agreement, which included cash and equity, were not disclosed pending completion of standard due diligence.\n\nBRAZOS has a proprietary device (AURACIS™) in pre-clinical development to treat headache pain using transcutaneous electrical nerve stimulation (TENS) technology. AURACIS™ is a new approach to treating migraine using TENS technology to stimulate multiple cranial nerves to alleviate migraine pain. AURACIS™ is placed on the head and with electrodes located at key points delivers mild electrical impulses that mute the pain signals typically associated with migraine headaches. David Foster, Ph.D., J.D. of BRAZOS said, \"AURACIS™ has tremendous potential to alleviate suffering in people who suffer from migraine headaches. Our proprietary technology most closely mimics the most effective treatment for migraine at a fraction of the cost and without the risks of surgical implants.\"\n\nApproximately 100 million people in the US experience headaches and more than a third are migraines. Migraine occurs three times more frequently in women than in men and is the third most prevalent and sixth most disabling disease in the world. Most migraines are self-treated with over-the-counter medications that are marginally effective in the majority of cases. Many prescription drugs are also utilized with varying success. The most effective treatment involves the surgical implantation of electrodes which has a reported 80-90% success rate but can cost in excess of $50,000 and is associated with risks ...