Open Therapeutics LLC Buys Majority Stake of Pilus Energy Subsidiary from Tauriga Sciences, Inc.
Open Therapeutics™ has purchased an 80 percent majority stake in Tauriga Sciences, Inc.’s wholly-owned subsidiary, Pilus Energy LLC, according to Jerome Hamilton, CEO of Open Therapeutics. Tauriga Sciences, Inc. is engaged in building businesses in the life sciences space. Following its acquisition, Open Therapeutics plans to continue the development of Pilus Energy’s proprietary technology with the goal of commercialization, says Hamilton. The technology involves removing bacteria from water and converting the bacteria into energy. Hamilton says that Open Therapeutics is looking at the agreement with Tauriga as a means of creating the potential for Pilus Energy to become successful in commercializing its technology:
“We have a vision to continue that process for Pilus Energy, and Tauriga’s management will be helpful in realizing those mutually beneficial efforts,” says Hamilton. He adds that the acquisition will create synergy with Open Therapeutics, which launches its new platform in late January or early February 2017 to enable bio researchers around the world to openly exchange information without charge, based upon open source collaboration, that can lead to acceleration of research results. Researchers will then be able publish their findings in prestigious publications around the world.