MEDISCIENCE TECHNOLOGY CORP
8-K, 2000-08-28
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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                                FORM 8-K

                       SECURITIES and EXCHANGE COMMISSION
                              Washington D.C. 20549

                                 CURRENT REPORT

                       Pursuant to Section 13 or l5 (d) of
                       The Securities Exchange Act of 1934

                       MEDISCIENCE TECHNOLOGY CORPORATION
               (exact name of registrant as specified in charter)

        New Jersey               0-7405                     22-1937826
(state of Incorporation) (commission file No.) (IRS Employer Identification No.)

                1235 Folksone Way, Cherry Hill, New Jersey 08034
                    (address of principle executive offices)

       Registrant's telephone number, including area code (856) 428 7952
--------------------------------------------------------------------------------
                 (former address, if changed since last report)
<PAGE>


Item 5. Other Materially Important Events

         On August 14, 2000  Mediscience  Technology  Corp. and Sarnoff Research
Corp.  (Princeton NJ) entered a letter of understanding  establishing  Sarnoff's
equity  participation  in a Joint  Venture  Company  based on agreed to  initial
capitalization  and  valuation.  The  party's  purpose  is  to  join  respective
world-class Intellectual Property, Sarnoff engineering expertise and know-how to
develop Mediscience/Sarnoff optical diagnostic products as a broad platform of
commercial applications. (copy of 8/14/2000 letter of understanding attached and
made a part herof marked Exhibit A)



<PAGE>

                                   SIGNATURES

Pursuant  of the  requirements  of the  Securities  Exchange  Act  of  1934,  In
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undesigned hereunto duly authorized


                                             MEDISCIENCE TECHNOLOGY CORPORATION

                                             /s/ Peter Katevatis
                                             -----------------------------------
                                             Peter Katevatis, Esq., Chairman

Dated April 20, 2000


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