STAR SCIENTIFIC PLANS WORLDWIDE MARKETING AND SALES OF CIGRX NUTRACEUTICAL
STSI | Quote | Chart | News | PowerRating -- MEDIA RELEASE PR36948
(Full text of statement. Contact details below.)
Star Scientific Plans Worldwide Marketing and Sales of
CigRx(TM) Nutraceutical in Partnership with inVentiv Health
PETERSBURG, Va., Nov. 5 /PRNewswire-AsiaNet/ -- Star
Scientific, Inc. (Nasdaq: STSI | Quote | Chart | News | PowerRating) announced today that the
company plans to introduce the CigRx(TM) nutraceutical product
developed by its subsidiary, Rock Creek Pharmaceuticals, for
worldwide marketing and sales in partnership with inVentiv
Health, Inc. (Nasdaq: VTIV). inVentiv Health offers a complete
range of commercialization solutions for every stage of the
product lifecycle, in a range of healthcare categories that
includes nutraceutical products. The company has marketing and
sales capabilities in 40 countries around the globe.
Jonnie R. Williams, Star's CEO, stated, "Cigarette smoking
is the leading cause of preventable death in the world.
However, the global cigarette business, which now exceeds $300
billion, continues to grow. Our goal is to make CigRx(TM)
available to adult smokers worldwide who wish to maintain a
nicotine-free metabolism." Rock Creek Pharmaceuticals will be
responsible for the manufacturing of CigRx(TM), and the company
anticipates that inVentiv Health will be involved in the
product marketing and sales, with a focus on product education
for physicians and health care professionals, as well as
consumers.
Star also announced that it has retained McColl Partners LLC
to advise the company on a range of corporate finance matters,
including the assessment of strategic initiatives involving new
products. McColl Partners, an independent investment banking
firm co-founded by Hugh McColl, former Chairman of Bank of
America, specializes in the needs of management and owners of
middle-market companies. The firm offers strategic advice and
assistance to its clients regarding mergers and acquisitions.
About Rock Creek Pharmaceuticals
Rock Creek Pharmaceuticals develops pharmaceutical products
for treatment of addiction and other neurological disorders,
and other products such as nutraceuticals. The company supports
third-party academic, educational and therapeutic advances in
both these areas of research. Rock Creek has scientific and
research offices in Gloucester, MA and a regulatory office in
Washington, DC.
About Star Scientific
Star Scientific is a technology-oriented tobacco company
with a toxin reduction mission. It is engaged in the
development of dissolvable smokeless tobacco products that
deliver fewer carcinogenic toxins (principally tobacco specific
nitrosamines, or TSNAs), through the utilization of the
innovative StarCured(R) tobacco curing technology, and in
sublicensing that technology to others. Star Scientific has a
Corporate and Sales Office in Petersburg, VA, an Executive,
Scientific & Regulatory Affairs office in Bethesda, MD, and
manufacturing facilities in Chase City, VA. For more
information, visit http://www.starscientific.com
About inVentiv Health
inVentiv Health, Inc. (Nasdaq: VTIV) is an insights-driven
global healthcare leader that provides dynamic solutions to
deliver customer and patient success. inVentiv delivers its
customized clinical, sales, marketing and communications
solutions through its four core business segments: inVentiv
Clinical, inVentiv Communications, inVentiv Commercial, and
inVentiv Patient Outcomes. inVentiv Health's client roster is
comprised of more than 350 leading pharmaceutical, biotech,
life sciences and healthcare payor companies, including all top
20 global pharmaceutical manufacturers. For more information,
visit www.inventivhealth.com.
Contact:
Sara Troy Machir
VP, Communications & Investor Relations
Star Scientific, Inc.
301-654-8300
SOURCE: Star Scientific, Inc.
CONTACT: Sara Troy Machir,
VP, Communications & Investor Relations,
+1-301-654-8300
rw
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