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Beanstalk Capital Ltd. enters into arrangement agreement with iCo Therapeutics Inc.
Date:10/16/2007

p>Directors

Sidney Himmel, CA - Chairman and Director

Sidney Himmel, who is currently the president and chief executive officer of Trigon Uranium Corp., has over 17 years experience in Canadian capital markets. Mr. Himmel previously served as vice-president and director for Toronto Dominion Securities, where he specialized in biotechnology, and worked as a corporate finance specialist at Merrill Lynch Canada Ltd. During his time in the investment banking industry, Mr. Himmel participated in the financing of numerous growth and large capitalization companies raising capital in both public and private financial settings. Mr. Himmel was involved with equity institutional sales and trading with Toronto Dominion Securities, where he headed up the preferred share sales desk of Toronto Dominion Securities. Mr. Himmel holds a Bachelor of Sciences and Bachelor of Arts from the University of Toronto. He is a member of both the American Chemical Society and the Institute of Chartered Accountants of Ontario.

Andrew J. Rae, MBA - Director, President and Chief Executive Officer

Andrew Rae has spent a decade in the biotechnology industry, most recently as the chief financial officer of Ability Biomedical Corporation, which was acquired by Medarex, Inc. in 2004. Mr. Rae has also served as vice-president of finance and corporate affairs with Active Pass Pharmaceuticals, Inc. During his tenure at both Active Pass and Ability Biomedical, Mr. Rae raised approximately $20 million in the aggregate in venture financing, engaged in a successful cross-border acquisition transaction and played a significant role in shaping multiple business development deals. Before joining Active Pass, Mr. Rae served as a biotechnology equities analyst for Goepel Shields & Partners (now Raymond James Canada), where he covered Canadian biotechnology stocks including Angiotech Pharmaceuticals, Inc., QLT Inc. and ID Biomedical Corp. Mr. Rae currently sits on the Dean's External Advisor
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SOURCE Beanstalk Capital Ltd.
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