4Cable TV International Inc. (OTC:CATV) Stocks On Watchlist After Latest News

There are a number of companies that are expected to come into focus this morning owing to the developments from yesterday, and one such company is 4Cable TV International Inc. (OTC:CATV), which will soon be known as Category V Biotech Inc. The company hit the news cycle yesterday after it announced that it had inked a letter of intent with regards to the acquisition of Genetic Networks LLC.

Genetic Networks is a leading player in the fields of applied molecular biology and drug development. The letter of intent, which went into effect on May 15, signified the 100% acquisition of equity interest in Genetic Networks by Category V Biotech. It was a particularly significant development for Category V Biotech since it marked the company’s move into the biotech segment of the cannabis sector. It was also noted that the move would also help in strengthening its position as a fully integrated worldwide leader in the cannabis sector.

In this situation, it could be a good idea for investors to get a better idea of Genetic Networks as a company. It is best known for GeneScape, a proprietary platform that helps with the fast and unbiased discovery of optimal drug compounds by way of whole genome analysis. GeneScape could help with the identification of promising compounds and targets for specific diseases through the integration of functional assays on human gene variants and drug activity.

In the news release, the company stated that the move would help Category V Biotech make a move into the biotech segment in the cannabis sector through the expertise of Genetic Networks in speeding up compound discovery for both clinical and pre-clinical testing. The Chief Executive Officer of Category V Biotech, Michael Feldenkrais, expressed his excitement at welcoming Genetic Networks to the company’s realm.