/24-7PressRelease/ - SAN DIEGO, CA, July 07, 2008 - Salugen, Inc. (www.salugen.com), a life sciences company, announces today that it has been selected to participate in the Morrison and Foerster Venture Network (www.mofo.com). Building upon its graduation from the San Diego CONNECT Springboard Program (www.connect.org), Salugen has been selected to join this Venture Network and will be able to access selected investment funds and corporate strategic partners from Morrison and Foerster's vast network of 300 funds and corporations.
"Salugen, Inc. is one of the few companies we select each year to participate in our premier network," states Terry Moore, Executive Director of the Morrison and Foerster Venture Network. He goes onto say, "More than just understanding our client's business and underlying technology, we also understand the investment community. We help our clients more efficiently and effectively raise capital from our global network of venture capitalists, corporate strategic and private equity investors."
Salugen CEO Brian Meshkin states, "It's difficult to grow an early stage company and we've had our share of challenges. But as our business progresses from commercial pilots to full-scale commercialization, we need partners that can help us navigate those rough waters. We are honored to be associated with the Morrison and Foerster Venture Network."
About Salugen, Inc.
Salugen is a life sciences company offering nutritional ingredients and gene testing to help reduce excessive cravings involved in smoking, weight problems, and alcohol and drug abuse. Salugen has a patent-protected, clinically proven nutritional formulation to reduce stress and cravings, as well as patent-protected gene tests to help identify these persons and customize their treatment. Simply, Salugen's goal is to reduce or eliminate the illness, costs, and deaths associated with these preventable disorders. The company has headquarters in San Diego, CA. For additional information about the company, please visit http://www.salugen.com.
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