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OncBioMune Announces Term Sheet to Acquire Norepinefrine from Teva Pharmaceuticals in Mexico

BATON ROUGE, LA--(March 20, 2017) - OncBioMune Pharmaceuticals, Inc. (OTCQB: OBMP) ("OncBioMune" or the "Company"), a clinical stage biopharmaceutical company engaged in the development of novel cancer products and a proprietary vaccine technology, is pleased to announce the signing of a non-binding term sheet ("Term Sheet") with NYSE-listed Teva Pharmaceuticals Industries Ltd. ("Teva"), the world's largest generic medicines producer, with regards to Norepinefrine for the Mexican market. This registration can as well be used in other Central and Latin American countries and will be selected by own discretion.
 
The term sheet confirms mutual interest and sets forth guidelines for OncBioMune to acquire the sanitary registration and intellectual property rights of Norepinefrine currently owned by Teva. Norepinefrine is approved in Mexico as indicated for the treatment of low blood pressure and heart failure.
 
Similar to the agreement announced last week involving OncBioMune's negotiations with Eddingpharm (Taizhou) Co., Ltd.'s U.S. subsidiary EOC Pharma Ltd., the Term Sheet originated through discussions between Vitel Laboratorios S.A. de C.V. ("Vitel") and Teva during the process of OncBioMune acquiring Vitel. On March 10, 2017, OncBioMune completed the acquisition of Vitel. Teva has since informed OncBioMune of its interest in moving forward towards a definitive agreement detailing the acquisition of Norepinefrine by OncBioMune.
 
"Mexico is one of the top five emerging markets globally, principally with generics. Teva has a broad portfolio of generics that are overlapping in some strategic markets, which presented an opportunity for us to acquire another revenue-generating drug," commented Jonathan Head, Ph. D., Chief Executive Officer at OncBioMune. "We intend to remain aggressive in our acquisition strategy to grow our high specialty footprint in Mexico and across all of Central and South America to capitalize on the burgeoning markets. Pending the unexpected, I anticipate a definitive agreement and our acquisition of Norepinefrine during the second quarter of 2017, with commercialization efforts to commence shortly thereafter."