Navigation Links
SemBioSys announces 2007 third quarter results
Date:11/1/2007

attributable to a $1,516,906 non-cash license fee incurred in the second quarter of 2006 for the acquisition of technology from Syngenta Crop Protection AG in exchange for warrants.

Business development costs for the three-month and nine-month periods ended September 30, 2007 were $396,481 and $1,115,033 respectively, compared with $134,182 and $586,279 for the corresponding periods last year. The difference is primarily related to the commercialization activities of Botaneco.

Net loss for the three-month period ended September 30, 2007 was $3,680,950 or ($0.17) per share, compared to a net loss of $2,659,025 or ($0.16) per share for the same period last year. Net loss for the nine-month period ended September 30, 2007 was $10,134,732 or ($0.48) per share compared with $9,771,546 or ($0.59) for the same nine-month period last year.

As at September 30, 2007 the Company had cash and cash equivalents totaling $17,329,814 compared to $22,877,784 at June 30, 2007.

Subsequent to the end of the quarter the Company entered into an agreement to issue 2,500,000 units of the Company at a price of $2.60 per unit, on a bought deal private placement basis to a syndicate of underwriters. The Company also granted the underwriters an over-allotment option to purchase up to an additional 1,180,000 units on the same terms as the initial amount which, if exercised in full, would raise the total gross proceeds to the Company to $9,658,000. The offering is expected to close on or about November 14, 2007 and is subject to the receipt of all necessary regulatory and stock exchange approvals, as well as completion of standard documentation and other customary terms and conditions. Each unit will consist of one common share of the Company and one-half of one common share purchase warrant.

Outlook

The Company has completed a number of the major scientific milestones necessary to proceed into human clinical trials of safflower-produced insulin in the first
'/>"/>

SOURCE SemBioSys Genetics Inc.
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related biology technology :

1. Speaker announces business members of IT Task Force
2. Doyle announces technology tax credits for Berbee
3. Doyle announces new energy, global warming policies
4. Doyle announces $80M renewable energy strategy
5. GE announces first installation of Discovery VCT
6. UWM announces winners of RGI awards
7. Third Wave announces two senior management appointments
8. Mirus announces new method for making antibodies
9. Merge announces sofware updates, upcoming acquisition
10. Small Tree announces ethernet solution for Apple Xserv G5
11. TEKLYNX International announces new RFID software
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/17/2013)... the transplant recipient,s immune system identifies the transplanted organ ... thought that T cells, the immune cells that mediate ... chemokines in order to migrate to the transplanted organ. ... Investigation , Fadi Lakkis and colleagues at the University ... of T cells is not required for migration. Instead, ...
(Date:5/17/2013)... (PRWEB) May 17, 2013 The new ... Photonics21 at the association’s recent annual meeting drew ... EC Vice-President Neelie Kroes, who called the action “a ... and a stimulant to European innovation.” , The Board ... of the new Photonics PPP at its 29 April ...
(Date:5/17/2013)... , May 17, 2013  Cellular Biomedicine ... achieved 50% enrollment of the total projected enrollment ... the safety and preliminary efficacy of the medical ... for Knee Osteoarthritis (KOA). To date the trial ... The Phase I open label clinical ...
(Date:5/17/2013)... 17, 2013  Insero Health, Inc., a company developing ... and related neurological disorders, is today reporting top-line results ... INS001 in patients with drug-resistant epilepsy.  The data are ... (AED) Xll meeting by Dr. Steven Schachter ... Insero,s Scientific Advisory Board.  In this study, INS001 appeared ...
Breaking Biology Technology:SPIE Joins in Praise for ‘Huge Step Forward’ for Innovation R&D Enabled by Photonics21 Actions 2SPIE Joins in Praise for ‘Huge Step Forward’ for Innovation R&D Enabled by Photonics21 Actions 3Cellular Biomedicine Group Achieves 50% Enrollment Milestone in Phase I Clinical Trial for Knee Osteoarthritis 2Insero Health Reports Positive Data on Phase I Trial of Novel Therapy for Drug-resistant Epilepsy 2
... be deployed broadly to researchers at ... Pfizer, integrated with internal solutions, REDWOOD ... of information solutions for life science researchers, and,Pfizer Pharmaceuticals, ... and pharmaceutical company, announced a strategic,partnership today. This new ...
... Association for Cancer Research ... ... ADVENTRX Pharmaceuticals,Inc. (Amex: ANX ) announced that it presented ... at the 2008 American Association for Cancer Research (AACR),Annual Meeting. ...
... April 15 BioMed Realty Trust, Inc.,(NYSE: BMR ... its board of,directors concurrently with the company,s annual meeting ... the Ernest W. Hahn Professor of Real Estate Finance ... at the,University of San Diego, has been a member ...
Cached Biology Technology:Ingenuity Systems and Pfizer Announce Strategic Partnership for Pathway Analysis 2Ingenuity Systems and Pfizer Announce Strategic Partnership for Pathway Analysis 3ANX-530 Demonstrates Equivalent Pharmacokinetics to Navelbine(R) in a Registrational Bioequivalence Clinical Study 2ANX-530 Demonstrates Equivalent Pharmacokinetics to Navelbine(R) in a Registrational Bioequivalence Clinical Study 3ANX-530 Demonstrates Equivalent Pharmacokinetics to Navelbine(R) in a Registrational Bioequivalence Clinical Study 4ANX-530 Demonstrates Equivalent Pharmacokinetics to Navelbine(R) in a Registrational Bioequivalence Clinical Study 5BioMed Realty Trust Announces Retirement of Mark Riedy From Its Board of Directors 2BioMed Realty Trust Announces Retirement of Mark Riedy From Its Board of Directors 3
(Date:5/20/2013)... forest, popularly known as the lungs of the planet, inhales ... from the air to grow parts that eventually fall to ... region,s plentiful rainfall. , Until recently people believed much ... and ended up deep in the ocean. University of Washington ... of carbon dioxide though left open the question of ...
(Date:5/20/2013)... A National Science Foundation (NSF) planning grant will help ... a joint program of the University of Illinois at ... , "CARD will be devoted to research in drying ... products; forestry and paper products; chemical products; textiles; and ... of food science and human nutrition and the Illinois ...
(Date:5/20/2013)... new study conducted at the University of Bristol and ... Biology sheds light on how the brain and ... from Bristol,s School of Earth Sciences, together with Tom ... the brains of 150 million year old dinosaurs. , ... dinosaur Dysalotosaurus lettowvorbecki : a very young (juvenile) ...
Breaking Biology News(10 mins):Amazon River exhales virtually all carbon taken up by rain forest 2Amazon River exhales virtually all carbon taken up by rain forest 3NSF approves planning grant for Center for Advanced Research in Drying 2Fossil brain teaser 2
... Angeles, CA Current research suggests that nitric oxide may ... The related report by Mittal et al, "Inhibition of inducible ... phagocytosis of Escherichia coli K1 in neonatal meningitis," ... Journal of Pathology . Bacterial meningitis, or inflammation ...
... WASHINGTON The Proceedings of the National Academy ... PNAS papers to receive the 2009 Cozzarelli Prize, an ... by the National Academy of Sciences. Papers selected for ... articles published by PNAS in 2009 and represent ...
... a multitude of processes and resources in the environment ... include products like clean drinking water and the provision ... Thursday, March 4, the National Science Foundation (NSF) will ... World: Perspectives from Long-Term Ecological Research." The meeting is ...
Cached Biology News:Treating neonatal meningitis -- is nitric oxide a foe or a friend to bacteria? 2PNAS announces six 2009 Cozzarelli Prize recipients 2NSF forum to address 'ecosystem services' in a changing world 2
The Piezo Power MicroDissection (PPMD) system is designed for rapid isolation of single cells or small cell areas...
... a high quality microarray scanner based on patented ... and spatial resolution. The DNAscope LM is ... microarray scanner that is upgradeable to a total ... Includes control module (computer), monitor, ...
... Microarray Slide features an ultra-thin nitrocellulose ... is the first protein microarray slide ... nitrocellulose in a thin film with ... ,The PATH™ Slide can be ...
Request Info...
Biology Products: