Echo Therapeutics Schedules Meeting with Platinum-Montaur Next Week, Still Considering Licenses
Echo Therapeutics, Inc. (Nasdaq: ECTE), a medical device company developing its needle-free Symphony® CGM System as a non-invasive, wireless, continuous glucose monitoring system, announced that the independent members of the Board of Directors and Mr. Robert F. Doman, the Executive Chairman and Interim Chief Executive Officer, today sent a letter to its shareholder, Platinum-Montaur Life Sciences, LLC, in response to an August 30, 2013 public communication made by Platinum-Montaur and its affiliated funds. In addition, Echo has communicated with Platinum-Montaur to discuss the matters raised in the August 30, 2013 communication. The Company and Platinum-Montaur have scheduled a meeting for next week.
As Echo has previously announced, it continues to consider and seek to enter into collaborations or licenses regarding the future development and distribution of its products and remains willing to enter into discussions regarding potential collaborations or licenses.
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