EL PASO, TX--(Marketwired - Mar 2, 2017) - Premier Biomedical, Inc. (
The company has in the past had as many as five lenders at once converting debt, as they struggled to finance their aggressive research programs on PTSD and cancer. The company has since shelved their promising cancer research program and PTSD research until they can acquire a suitable development partner. The company reports they have been in discussion with a number of potential partners with whom their promising patent-pending antibody drug for breast cancer can be developed.
"It is because of the enormous costs of our research that we decided to pivot our attention, temporarily, towards manufacturing and selling pain relief products to generate a revenue stream. We currently are selling what we consider to be the world's-best 96-hour pain patch and hemp oil roll-on applicator. We plan on introducing four more pain relief products this calendar year," said William A. Hartman, President and CEO of Premier Biomedical. The company sells their pain relief products through their website, www.painreliefmeds.com, as well as through direct distributors.
Hartman continued, "Our stock has been under enormous pressure due to the heavy amount of debt converted into shares and introduced to the market. The dilution of the stock has been a concern to us, and all of our shareholders, and to see it reach an end is a relief to us all. Going forward, we will still need to finance a portion of our operations, but we have tightened our belts and will continue to run very lean, until we can generate sufficient revenue to become self-funding. We are confident that our approach will result in a significant increase in our stock price in the future."
About Premier Biomedical, Inc.
Premier Biomedical, Inc. (
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Premier Biomedical, Inc. cautions that statements and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates made by management. Actual results could differ materially from current projections or implied results. Premier Biomedical, Inc. undertakes no obligation to revise these statements following the date of this news release.