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Umbrella Research Initiates Coverage On TNI BioTech, Inc. (TNIB) And Sets $26 Price Target

|Includes: Immune Therapeutics, Inc. (IMUN)

Earlier today, TNI BioTech, a biotech company focused on utilizing patented immunotherapy to activate and mobilize the body's immune system to combat fatal diseases, announced that Umbrella Research is now covering the company with a "buy" rating and $26 price target.

The entire 33-page report has been posted on the company's Web site at www.tnibiotech.com/investor-relations/reports

The following is an excerpt of the report: "It is our opinion that TNI presents investors with significant upside from current prices based on a two-fold growth strategy including: the near term commercialization of its existing immunotherapies targeting cancer and HIV/AIDS; coupled with the potential contribution from the phase 3 study of low dose naltrexone (LDN) for use in Crohn's disease, scheduled to begin in 2014. As the company enters 2013 it should be in a position where ramping revenue run rates not only allow it to be self-funding in regard to clinical development costs, but also for this to translate quickly into an earnings driven growth story for investors with significant potential upside from approvals."

For more information on the company and its immunotherapies, visit tnibiotech.com

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