Navigation Links
SemBioSys receives milestone payments from AVAC Ltd.
Date:4/7/2008

Canadian Biotechnology Company receives payments for achieving milestones

with safflower-produced insulin and Botaneco subsidiary

TSX symbol: SBS

CALGARY, April 7 /PRNewswire-FirstCall/ - SemBioSys Genetics Inc. (TSX:SBS), a biotechnology company developing a portfolio of therapeutic proteins for metabolic and cardiovascular diseases, today announced that it has received milestone payments totaling CDN$850,000 from AVAC Ltd. The payments relate to separate agreements that SemBioSys has entered into with AVAC to advance the development of its safflower-produced insulin and the commercial activities of its wholly-owned subsidiary, Botaneco Specialty Ingredients Inc., which manufactures and markets Botaneco's proprietary product, Hydresia(TM), to personal care companies.

"These milestone payments demonstrate our progress with two key opportunities: safflower-produced insulin and the Botaneco business," said Andrew Baum, President and CEO of SemBioSys. "Our long-standing relationship with AVAC has provided access to non-dilutive capital allowing us to accelerate our progress on both our non-pharmaceutical and pharmaceutical products which have the potential to generate value in the both short- and longer-term, respectively. By achieving critical milestones we have continued to earn their support, specifically on the development of insulin and the commercialization of Hydresia(TM). We believe these two programs will be critical to our growth and we appreciate the commitment that AVAC has made to them."

SemBioSys received a $350,000 milestone payment for completing a number of technical objectives in the development of its insulin program, including the initiation of the preclinical toxicology study of the Company's safflower-produced insulin. The funds will be used to further develop and advance SemBioSys' insulin program and are part of up to $873,000 committed by AVAC. The Company intends to submit an
'/>"/>

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

Page: 1 2 3 4

Related biology technology :

1. SemBioSys updates Apo AI development program
2. SemBioSys to present insulin data at the Seventh Annual Diabetes Technology Meeting
3. SemBioSys announces 2007 third quarter results
4. SemBioSys signs option agreement for safflower-produced food ingredient
5. SemBioSys to present at the 10th Annual BIO CEO & Investor Conference
6. SemBioSys awarded key patent for the production of oleosome emulsions by the European Patent Office
7. SemBioSys GLA Partner Enters Strategic Alliance for the Sales and Marketing of GLA-Rich Safflower Oil
8. SemBioSys announces 2007 financial and operational results
9. SemBioSys initiates toxicology study for safflower-produced insulin
10. Reclast(R) Receives US FDA Approval as First and Only Once-Yearly Treatment for Women With Postmenopausal Osteoporosis
11. Ciphergen Biosystems Receives Noncompliance Letter From The Nasdaq Stock Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2015)... March 27, 2015 Earlier this year, ... promotion of hair regrowth in adult men and women ... or Norwood Hamilton classifications of IIa-V and Fitzpatrick Classification ... plagued by products that over-promise and under-deliver, FDA Clearance ... faith and confidence among more than 80 million men ...
(Date:3/27/2015)... 2015 The consumption of compound fertilizers ... recession and high prices in 2008. However, the situation ... keeps on gaining momentum now. , To date, the ... than 100,000 thousand tonnes. No considerable growth was registered ... capacity rocketed during 2012-2013, registering 11% growth as against ...
(Date:3/27/2015)... 27. März 2015  Peter Walter wurde ... Science für seine bahnbrechende Arbeit ausgewählt, die ... transportiert werden, sowie für die Entschlüsselung der ... auf Stress nutzen, der mit der Ansammlung ... Professor für Biochemie an der University of ...
(Date:3/27/2015)... 2015  Neogen Corporation (NASDAQ: NEOG ) announced ... trading plan in accordance with Securities and Exchange Commission ... of Neogen Corporation, is a minority owner of this ... Herbert does not have control of this ... is only for a portion of the shares owned ...
Breaking Biology Technology:Dr. Robert Leonard Applauds FDA Clearance of Capillus272Pro™ Hair Loss Laser Cap 2World NPK Fertilizers Market Keeps On Gaining Momentum, According to BAC Reports Study Available at MarketPublishers.com 2World NPK Fertilizers Market Keeps On Gaining Momentum, According to BAC Reports Study Available at MarketPublishers.com 3Deutschstämmiger Zellbiologe Peter Walter gewinnt den Vilcek Prize in Biomedical Science 2015 2Deutschstämmiger Zellbiologe Peter Walter gewinnt den Vilcek Prize in Biomedical Science 2015 3Deutschstämmiger Zellbiologe Peter Walter gewinnt den Vilcek Prize in Biomedical Science 2015 4Neogen CEO adopts 10b5-1 Trading Plan 2
... June 23 Danube Pharmaceuticals, Inc., a,privately held ... of innovative drugs for ophthalmology, is pleased,to announce ... as its Chief,Operating Officer., "Dr. Levy,s depth ... device development and medical affairs make him an ...
... June 23 Informed Medical Communications,(IMC), a ... the,bio-pharmaceutical industry, today announced adoption of an ... Jaime Nguyen as Medical,Director/ Compliance Officer (CO). ... CO as well as methods for handling ...
... Offers Potential Benefits for Dogs and their Owners, ... point, a,sheep dog herd, and a retriever retrieve? Why ... can a tiny Chihuahua possibly be related,to a Great ... in size, shape, color, coat length and behavior more ...
Cached Biology Technology:Brian Levy, OD, MSc, Named Chief Operating Officer of Danube Pharmaceuticals 2Brian Levy, OD, MSc, Named Chief Operating Officer of Danube Pharmaceuticals 3Informed Medical Communications Adopts Newly Enhanced Compliance Policy 2DNA Study Unlocks Mystery to Diverse Traits in Dogs 2DNA Study Unlocks Mystery to Diverse Traits in Dogs 3
(Date:3/26/2015)... , March 26, 2015 The ... social, recreation and athletic club, today announced it has ... allow freedom of movement for members and staff, while ... a comprehensive process, we selected FST,s IMID Access system ... convenience for our members and staff, in addition to ...
(Date:3/24/2015)... 2015 Research and Markets ( http://www.researchandmarkets.com/research/hdgz7h/global_iris ... Iris Recognition Market 2015-2019" report to their offering. ... market to grow at a CAGR of 23.5 percent ... the present scenario and the growth prospects of the ... calculate the market size, the report considers the revenue ...
(Date:3/24/2015)... 2015 Research and Markets ( http://www.researchandmarkets.com/research/kvdtcw/face_and_voice ) has ... Global Strategic Business Report" report to their offering. ... in US$ Thousands by the following Segments: Face Biometrics, and Voice ... Canada , Japan , ... East & Africa , and ...
Breaking Biology News(10 mins):Granite Club First Private Club in North America to Implement FST Biometrics Secure Access Solution, as Part of Multi-million Dollar Expansion 2Global Iris Recognition Market 2015-2019 with 3M Cogent, Bioenable Technologies, Cross Match Technology, Iris ID Systems & Safran Dominating 2Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 2Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 3Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 4Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 5Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 6
... Genetics Fellow at The Children,s Hospital in Denver, CO ... College of Medical Genetics Foundation (ACMGF) Clinical Genetics Fellowship ... Genetics Meeting in Tampa, FL. The objective of ... program to encourage the recruitment and training of clinicians ...
... chimp inflicted devastating injuries on a Connecticut woman, was ... humansas much as four-times stronger, some researchers believe. But ... so much stronger than we are? One possible explanation ... Indeed, biologists have uncovered differences in muscle architecture between ...
... are at increased risk for type 2 diabetes, Medical ... study of 50 people newly-diagnosed with schizophrenia or a ... 16 percent had either diabetes or an abnormal rate ... of the MCG Department of Psychiatry and Health Behavior. ...
Cached Biology News:The secret to chimp strength 2Researchers discover link between schizophrenia and diabetes 2
... Myogenesis Kit provides the reagents to ... mature skeletal myotubes. By efficiently promoting ... valuable tool in studies examining myogenesis, ... strategies for muscle cell replacement therapy. ...
... is an automated, confocal, real-time, single cell ... been integrated into a single, compact unit. ... provide high-resolution, automated confocal imaging with sophisticated ... cell-based assays. The system allows the user ...
... EZ DNA Methylation Kit uses a simplified ... DNA methylation analysis. The kit is based ... place between cytosine and sodium bisulfite where ... DNA Methylation Kits innovative in-column desulphonation reaction ...
... Assay Kit is based on quantification of ... molybdate and free orthophosphate. The rapid color ... measured on a spectrophotometer (600-660 nm) or ... assay kits have been optimized to offer ...
Biology Products: