Navigation Links
Botaneco announces $4,000,000 financing
Date:6/30/2008

- Investment enables SemBioSys subsidiary to accelerate commercialization of personal care ingredients with its proprietary oleosome-based technology

-

TSX symbol: SBS

CALGARY, June 30 /PRNewswire-FirstCall/ - Botaneco Specialty Ingredients Inc. ('Botaneco'), a wholly-owned subsidiary of SemBioSys Genetics Inc. ('SemBioSys'), today announced that it has entered into an agreement for a $4.0 million convertible debenture financing with Avrio Ventures Limited Partnership ('Avrio Ventures'). Along with $2.4 million previously committed from AVAC Ltd., the funding will be used to accelerate Botaneco's commercialization of Hydresia(TM) products that target the personal care and topical ingredients markets. In consideration of prior investments made, SemBioSys received debentures from Botaneco totaling $5 million. Excluding the SemBioSys debentures, the transaction assigned Botaneco a pre-money valuation of $12.5 million.

"This transaction provides Botaneco with the financial resources necessary to aggressively pursue opportunities in the personal care, over-the-counter (OTC) and topical pharmaceutical markets completely independent of SemBioSys. This is the latest in a series of steps we have made to provide Botaneco with the technology, people and capital to operate as a separate entity and achieve its full potential. It also allows SemBioSys to focus its resources specifically on our pharmaceutical pipeline," said Andrew Baum, president and chief executive officer of SemBioSys. "Dozens of companies are now developing consumer products with Hydresia(TM), and we expect to see a further array of product launches based on these ingredients in the coming quarters."

Hydresia(TM), a natural product, is derived from safflower seeds and offers unique functionality and aesthetic properties without compromising performance. Strategically positioned to lead the natural personal care move
'/>"/>

SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Botaneco signs feasibility agreement with Croda to develop specialty crop oil formulation
2. Botaneco Announces Launch of Second Generation Oleosome Product
3. Botaneco obtains $2.4 million in funding from AVAC
4. EnterPrize Business Plan Competition Announces Final Phase Winners of Cash Awards Totaling $45,000
5. Wyeth Announces Bernard Poussot Assumes Chairman of the Board Position
6. Dragon Pharma Announces Results of the Annual General Meeting
7. Barr Announces Favorable Ruling in Mirapex(R) Patent Challenge
8. Impact Systems Announces Completion of Successful Enterprise Content Migrations to Documentum 6
9. ValGenesis, Inc. Announces Worldwide Release of Validation Life Cycle Management System - ValGenesis 2.0
10. Wyeth Pharmaceuticals Announces Organizational Change
11. Spectral announces continuing support for the combination of EAA(TM) and anti-endotoxin therapeutics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/29/2015)... July 30, 2015 Sanofi, ... for the second quarter of 2015. CEO ... and its performance in different businesses. ... http://www.eurobusinessmedia.com/ceo-direct/sanofi/sanofi-h1-2015-results-interview-with-ceo-olivier-brandicourt?utm_source=ceo-direct&utm_medium=wire Topics covered in ... - Performance drivers - ...
(Date:7/29/2015)... (Q2 2015: +14% CER / 20% of sales) led the regional ... China , as well as solid contributions from Korea, India ... / Middle East / Africa ... Germany , Turkey and the United ... grew 11%, excluding U.S. HPV sales, on demand across all customer classes. The ...
(Date:7/29/2015)... ... July 29, 2015 , ... G-CON Manufacturing, Inc., ... of their 2nd generation cell therapy POD® design. The 2nd generation portfolio not ... represents a new POD® design. , “G-CON first offered our miniPOD CT ...
(Date:7/29/2015)...  Therapath Neuropathology ( www.Therapath.com ), a leader ... and Military Medical centers both domestically and worldwide.  ... Sweat Gland Nerve Fiber Density (SGNFD) for the ... Demonstration of a reduction in ... skin biopsy is a highly sensitive and specific ...
Breaking Biology Technology:QIAGEN Reports Results for Second Quarter and First Half of 2015 2QIAGEN Reports Results for Second Quarter and First Half of 2015 3QIAGEN Reports Results for Second Quarter and First Half of 2015 4QIAGEN Reports Results for Second Quarter and First Half of 2015 5QIAGEN Reports Results for Second Quarter and First Half of 2015 6QIAGEN Reports Results for Second Quarter and First Half of 2015 7QIAGEN Reports Results for Second Quarter and First Half of 2015 8QIAGEN Reports Results for Second Quarter and First Half of 2015 9QIAGEN Reports Results for Second Quarter and First Half of 2015 10G-CON Manufacturing Launches Their 2nd Generation Cell Therapy Cleanroom POD® 2G-CON Manufacturing Launches Their 2nd Generation Cell Therapy Cleanroom POD® 3Neuropathology services for VA and Military health systems 2
... Atrial Fibrillation, EP Mapping and ... Ablation, PCI and Additional Complex Procedures, ST. ... ) announced today that more than 10,000 procedures ... system utilizes,advanced, magnet-guided navigational technology intended to help,electrophysiologists ...
... Alliance On September 10th, 2007 Hard Rock International ... York City. Legendary artist Willie Nelson,and friends will perform ... "save the planet" motto, Hard Rock,s Ambassadors Of Rock ... Biodiesel Alliance. Award-winning,actors Woody Harrelson and Daryl Hannah will ...
... -- China Kangtai,Cactus Biotech, Inc. (OTC Bulletin Board: ... of a variety of cactus-based,consumer products, announced today ... Cactus Health Cigarettes. In order to develop ... Olympiad, and in an effort to take advantage ...
Cached Biology Technology:Stereotaxis' Niobe System Used to Perform More Than 10,000 Procedures Worldwide 2Stereotaxis' Niobe System Used to Perform More Than 10,000 Procedures Worldwide 3MultiVu Video Feed: Hard Rock's 2007 Ambassadors of Rock Tour Is "On the Road Again" With Music Legend Willie Nelson 2China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch 2China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch 3China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch 4
(Date:7/23/2015)... DUBLIN , July 23, 2015 ... the addition of the "Global Outlook of ... their offering. The global biometrics ... both public and commercial applications owing to the ... will witness a transformation that enhances the growth ...
(Date:7/21/2015)... 21, 2015 Passwords have proven futile ... the recent U.S. Office of Personnel Management breach. ... infosec conundrum, but developers and end-users are concerned ... this dilemma, Biometrics-as-a-Service provider HYPR Corp. announced today ... for third party integration. A ...
(Date:7/13/2015)... 2015 NXT-ID, Inc. (NASDAQ: NXTD ) ... focused on the growing mobile commerce market, announced ... for BEHAVIORAL-DIRECTED AUTHENTIATION METHOD AND SYSTEM. ... secure method to make payments.  With this patent, ... with its groundbreaking voice-direct payment patent application, with ...
Breaking Biology News(10 mins):Global Outlook of the Biometrics Industry 2015 2Global Outlook of the Biometrics Industry 2015 3HYPR Corp. Launches Industry First Biometric Tokenization Platform 2HYPR Corp. Launches Industry First Biometric Tokenization Platform 3HYPR Corp. Launches Industry First Biometric Tokenization Platform 4NXT-ID Patents Behavior-Directed Payments 2NXT-ID Patents Behavior-Directed Payments 3NXT-ID Patents Behavior-Directed Payments 4
... University of Adelaide researchers have discovered the first evidence ... clock, limiting food intake to specific times of the day. ... Neuroscience , could lead to new information about how the ... when to keep eating. In the University,s Nerve-Gut Research ...
... received a National Endowment for the Humanities Research Fellowship ... researcher Ancel Keys (1904-2004). The biography is tentatively ... the American Diet. Few people have exerted more ... Ancel Keys. Since joining OU in ...
... University of Massachusetts Medical School (UMMS) has received an ... Administration (FDA) for MBL-HCV1, a monoclonal antibody developed to ... a liver transplant. Complications from chronic HCV ... today. For patients with end-stage liver disease or hepatocellular ...
Cached Biology News:Stomach 'clock' tells us how much to eat 2OU professor receives national fellowship to complete biography on Ancel Keys and the American diet 2MassBiologics receives orphan drug status from FDA for hepatitis C treatment 2
...
... depletion cocktail is tailored to ... from suspensions of non-human primate ... separated using the StemSep compatible ... system. The CD4+ T cell ...
... PW is an intelligent full microplate washer with ... simultaneously. This instrument gives you the best of ... efficiency , Performance ,Separate wash ... wash efficiency. A dispense precision of better than ...
Mol wt: monoisotopic mol wt1,045.5423 Da by calculation...
Biology Products: