Yes , about the remake , I remember seeing it as a Sci-Fi original movie with the title "Reptilian", but I also read a review somewhere with the original title "Youngary" Either way it`s a pretty bad movie.
The basic plot is about an archaeologist that digs up a Huge dinosaur skeleton and then Surprise! The skeleton grows all it`s flesh back and takes off on a rampage. Since this normally doesn`t happen when you find a fossil, there must be some sinister force behind it. Turns out some aliens put the monster there and are now back to take control on their creation and conquer the earth!!! And of course there is some old scientist who knows all about it and tries to warn everyone but no one will listen.
That`s about all I can remember , maybe I fell asleep before the end. The monster is totally CGI and definitely some of the worst ever. Here`s one link to the DVD on Amazon.
http://www.amazon.com/Reptilian-Dan-Cashman/dp/B00005M2C2/ref=cm_cr-mr-title/102-3806166-2470516