TUCSON, Ariz.–(BUSINESS WIRE)–Protein Technologies, Inc. (“PTI” or “the Company”) announced that it
has dropped its litigation in the Superior Court of Arizona, County of
Pima (Case No. C20150243) against Peptide Solutions, LLC (“PSL”), PSL’s
CEO Mahendra Menakuru, and several of PSL’s alleged employees. In
return, PSL has agreed to drop its counterclaim suit against PTI and its
CEO Nate Cosper. The amicable agreement allows both companies to pursue
their respective business interests.
PTI recognizes the leadership and service Mahendra Menakuru provided
while serving as the Company’s CEO. During his tenure, PTI experienced
significant growth and success, a trend continuing under the Company’s
About Peptide Solutions LLC
Peptide Solutions LLC is a distribution partner for Iris Biotech GmbH in
North America and is recognized as a leading supplier of reagents used
in drug discovery, drug delivery and diagnostics. Please visit www.easypeptide.com.
About Protein Technologies, Inc.
Protein Technologies, Inc. is a leading supplier of quality peptide
synthesizers and reagents to universities, biotechnology companies, and
pharmaceutical companies. We have built our company on the belief that
our products must be the highest possible quality, and we support our
products with a dedicated field service team. We are proud of our
reputation for reliability and value the trust our customers and
partners have placed in PTI. Today we continue to grow and innovate to
serve the needs of the peptide synthesis community. To learn more about
Protein Technologies, please visit www.ptipep.com.