NuView Life Sciences, Inc. announced that it has signed an agreement with GEM Global Yield LLC SCS, a Luxembourg-based private, alternative investment group. Under the accord, GEM agrees to purchase common shares from NuView on a firm commitment basis with an aggregate value of USD$90 million, upon NuView filing a Registration Statement with the U.S. Securities and Exchange Commission (SEC). The agreement provides NuView a 36-month drawdown period.

NuView will use funds to complete a 600-patient in vitro double-blind clinical trial in accordance with the U.S.

Food and Drug Administration (FDA) approval
process. NuView will also allocate funds for its in vivo diagnostics and Theranostic programs.

NuView controls the timing and maximum amount of drawdown under this facility and has no minimum drawdown obligation.

The NV-VPAC1(TM) test has been successfully utilized for in vitro and in vivo diagnostics detecting multiple types of cancer. In clinical studies, the test showed its ability to accurately detect cancer cells and their location not only inside the body, but outside as well, in voided biofluids, confirming the presence of shed cancer cells. NuView is confident the test has the potential for diagnosing a variety of cancers, transforming patient care. The GEM endorsement greatly expedites the process towards potential commercialization.

"This agreement with GEM helps to secure the funding for continued growth and development of NuView's NV-VPAC1(TM) portfolio. As we focus on moving our in vitro cancer diagnostics into the marketplace, we can simultaneously restart our in vivo diagnostics and Theranostic programs forward," stated Paul Crowe, Chairman and CEO of NuView.