Ventana Biotech, Inc. (VNTA)

[SELL ME]

Whatever happened to this company ? It's been over two years since since they released any news !!

"NEW YORK, NEW YORK--(Marketwire - March 04, 2010) - Ventana Biotech Inc. ("Ventana") (PINK SHEETS: VNTA), a biotechnology company developing an appetite-suppressing and stress reducing chewing gum, announces today that it has terminated negotiations regarding the potential sale of its intellectual property to a third party.

Management of Ventana previously announced in press releases that Ventana was involved in negotiations with an unrelated third party regarding the sale of its intellectual property. The execution of a definitive agreement and consummation of the transaction was subject to the completion of successful due diligence by both parties. As of the date of this press release, management of Ventana has determined that it would not be in the best interests of Ventana or its shareholders to proceed with execution of a definitive agreement and the subsequent consummation of the sale of its intellectual property assets. Management has based its decision upon several factors which arose during the due diligence process.

Management would like to emphasis that it is currently engaged in seeking and identifying other alternatives that would be better suited and in the best interests for Ventana and its shareholders.