SOURCE: Spotlight Innovation, Inc.

Spotlight Innovation, Inc.

October 14, 2014 16:48 ET

Spotlight Innovation Signs Letter of Intent to Acquire Memcine Pharmaceuticals

Memcine Pharmaceuticals' Immunoplex Vaccine Platform Technology Has Broad Applicability in Both Infectious Diseases and Oncology Immunotherapy

WEST DES MOINES, IA--(Marketwired - Oct 14, 2014) - Spotlight Innovation Inc. (OTCQB: STLT) announced that it has signed a Letter of Intent to acquire majority ownership in Memcine Pharmaceuticals Inc., located at the University of Iowa Research Park in Coralville, Iowa. Memcine Pharmaceuticals is developing its Immunoplex™ vaccine platform technology, which is designed to use the body's own naturally occurring targeting system to deliver vaccine components to immune cells and stimulate a robust response.

Cris Grunewald, President and CEO of Spotlight Innovation, said, "Memcine Pharmaceuticals' mission directly supports Spotlight Innovation's goal of positively impacting the health and well-being of as many people as possible. Memcine Pharmaceuticals' Immunoplex technology has shown enormous potential with broad applicability in both infectious diseases and oncology immunotherapy. We look forward to closing this transaction, furthering the development and fulfilling the promise of this exciting, potentially life-saving technology."

About Spotlight Innovation Inc.

Spotlight Innovation Inc. (OTCQB: STLT) specializes in identifying, acquiring and incubating companies which have unique intellectual property (IP) in the medical sector. The Company utilizes relationships with the nation's leading academic and institutional IP developers to locate promising IP technologies with potential for market share capture. With our support, development resources and strategic planning expertise, we believe we can develop IP that will have a positive effect on healthcare. We intend to partner with proven sector leaders on commercialization once technologies are fully developed. Additional information available at www.spotlightinnovation.com.

About Memcine Pharmaceuticals Inc.

Memcine Pharmaceuticals Inc. is an early-stage biotech company focused on enhancing vaccine efficacy to improve human and animal health globally. Memcine's Immunoplex™ technology platform uses the body's naturally occurring targeting system to deliver vaccine components. The current portfolio of potential infectious disease vaccine targets includes influenza, HepB, and Ebola. Memcine Pharmaceuticals has also conducted pre-clinical experiments in a mouse model of breast cancer, where the vaccine technology showed considerable promise as a therapeutic treatment. Additional information available at www.memcine.com.

Forward Looking Statements

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