SOURCE: Spotlight Innovation Inc.

March 10, 2015 15:45 ET

Spotlight Innovation Subsidiary Celtic Biotech Iowa Licenses Promising Therapy for Chronic Kidney Disease

Chronic Kidney Disease (CKD) Therapy Showing Substantive Results in Animal Studies

WEST DES MOINES, IA--(Marketwired - Mar 10, 2015) - Spotlight Innovation Inc. (OTCQB: STLT) announces that its subsidiary Celtic Biotech Iowa, Inc., entered into an exclusive, world-wide (excluding China) license agreement to develop and market a patent-pending invention related to the treatment of acute and chronic nephropathy, Use of Cardiotoxin for the Treatment of Chronic Kidney Disease (CKD). Animal studies have shown that cardiotoxin has the ability to inhibit the inflammatory immune processes that damage the kidneys, can reduce the level of proteinurea, serum creatinine and urea in chronic neuropathy, and recover renal function and reduce renal injury.

Cris Grunewald, President and CEO of Spotlight Innovation, stated, "According to the Centers for Disease Control and Prevention, no fewer than 20 million people in the United States may have CKD in varying stages of progression. Bringing this promising therapy to market will potentially have a positive impact on the lives of millions of people suffering with chronic kidney disease, and is another significant step in our value-building strategy for Celtic Biotech Iowa."

Dr. Paul Reid, President of Celtic Biotech Iowa, said, "This CKD therapy has shown the potential to improve kidney function in a variety of animal models, and we expect to see comparable effectivity as we move this therapy through the clinical trial process. For those people who have experienced kidney failure due to chronic kidney disease, there are currently only two options for treatment -- life-long dialysis or kidney transplant. We would hope that this therapy could be utilized to delay or stop the progression to dialysis or surgery."

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 http://www.spotlightinnovation.com.

About Celtic Biotech Iowa Inc.
Celtic Biotech Iowa Inc., a subsidiary of Spotlight Innovation Inc., has developed novel, clinical trial-phase therapeutic products for the treatment of cancers and pain in humans. Derived from naturally specialized receptor-binding proteins, these products have the potential to reduce treatment costs, increase survivability, and improve the quality of life for cancer patients. Additional information available at http://www.celticbiotech.com.

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