Navigation Links
Bioniche Repays Revolving Credit Facility
Date:7/20/2009

-repaid from US$20 million licensing payment-

BELLEVILLE, ON, July 20 /PRNewswire-FirstCall/ - Bioniche Life Sciences Inc. ("Bioniche"; TSX: BNC), a research-based, technology-driven Canadian biopharmaceutical company, today reported that it has received a US$20 million up-front payment from Endo Pharmaceuticals per the licensing agreement related to Urocidin(TM) (announced on July 10, 2009). The Company has used a portion of this payment to repay its credit facility with Valens U.S. and associated fees, a total of US$5.3 million. The remainder of the payment will be used for general corporate purposes and working capital.

"Valens has financed the Company through a challenging time of corporate development, helping the Company to advance its bladder cancer technology to Phase III clinical testing and its E. coli O157 vaccine - Econiche(TM) - to full Canadian license," said Graeme McRae, Chairman, President CEO of Bioniche Life Sciences Inc. "Their support has been invaluable."

About Bioniche Life Sciences Inc.

Bioniche Life Sciences Inc. is a research-based, technology-driven Canadian biopharmaceutical company focused on the discovery, development, manufacturing, and marketing of proprietary products for human and animal health markets worldwide. The fully-integrated company employs approximately 200 skilled personnel and has three operating divisions: Human Health, Animal Health, and Food Safety. The Company's primary goal has been to develop proprietary cancer therapies supported by revenues from marketed products in human and animal health. Bioniche has been named one of the Top 50 Best Small and Medium-Sized Employers in Canada for 2009. For more information, please visit www.Bioniche.com.

Except for historical information, this news release may contain forward-looking statements that reflect the Company's current expectation r
'/>"/>

SOURCE Bioniche Life Sciences Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Bioniche Responds to Australian Equine Influenza Outbreak
2. Bioniche Receives $2 Million Government Grant For Market Development Related to its E. coli O157:H7 Cattle Vaccine
3. Bioniche Food Safety Vaccine Receives Global Top Honours in Industry Excellence Awards
4. Bioniche Receives Comment from USDA on a Field Trial for E. coli O157:H7 Cattle Vaccine
5. Media Advisory - Bioniche Discusses USDA Comment on E. coli O157:H7 Cattle Vaccine Field Trial
6. Bioniche to Present at Rodman & Renshaw 9th Annual Healthcare Conference
7. Bioniche Reports Fiscal 2008 First Quarter
8. Bioniche Receives $5 Million of Federal Government Support to Scale-up Vaccine Production in Ontario
9. Bioniche Amends Terms of Convertible Debt with Laurus Master Funds
10. USDA Agrees to Grant Conditional License to Bioniche for its E. coli O157:H7 Cattle Vaccine
11. Bioniche Reports Fiscal 2008 Second Quarter
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/31/2015)... (PRWEB) March 31, 2015 Former 49ers linebacker ... than during his first year of a promising NFL career. ... Sports on Earth Senior Writer Will Leitch explores the ... league. Leitch talks about the decision making process that Borland ... preservation of health over a large paycheck, and what impact, ...
(Date:3/31/2015)... March 31, 2015 BESLER Consulting ... entitled, “The Value of an Independent Cost Report ... play a critical role in the determination of ... the appropriate understanding and review, this report can ... strategic planning. , This white paper discusses:, ...
(Date:3/31/2015)... Greenfield Senior continues to build ... ("Care") a seniors housing-focused real estate investment and ... today, their acquisition of six senior housing communities ... Concurrent with the acquisition, Care will master lease ... ("Greenfield"). Pursuant to the lease, Care will provide ...
(Date:3/31/2015)... NY (PRWEB) March 31, 2015 ... announce the presentation of new clinical study results ... arginine silicate (ASI), titled, “Arginine Silicate Supplementation Decreases ... Increases Markers of Vasodilation and Cardiovascular Health in ... scientists and other professionals at the acclaimed Experimental ...
(Date:3/31/2015)... 2015 More than 120 of the ... express their shared support for the same basic theme ... 'True Health Coalition' and a lifestyle medicine initiative known ... demonstrate that, despite appearances to the contrary, there is ... the theme of healthful eating and living. ...
Breaking Medicine News(10 mins):Health News:Will Leitch and the Curious Case of Chris Borland on SCI TV 2Health News:Will Leitch and the Curious Case of Chris Borland on SCI TV 3Health News:Greenfield Senior Living Inc. Enters Lease Transaction with Care Investment Trust LLC 2Health News:Greenfield Senior Living Inc. Enters Lease Transaction with Care Investment Trust LLC 3Health News:Nutrition 21, LLC Announces the Presentation of Proteomic Results of a Nitrosigine® Clinical Study at the Renowned Experimental Biology 2015 Annual Meeting 2Health News:Nutrition 21, LLC Announces the Presentation of Proteomic Results of a Nitrosigine® Clinical Study at the Renowned Experimental Biology 2015 Annual Meeting 3Health News:Nutrition 21, LLC Announces the Presentation of Proteomic Results of a Nitrosigine® Clinical Study at the Renowned Experimental Biology 2015 Annual Meeting 4Health News:Nutrition 21, LLC Announces the Presentation of Proteomic Results of a Nitrosigine® Clinical Study at the Renowned Experimental Biology 2015 Annual Meeting 5Health News:Nutrition 21, LLC Announces the Presentation of Proteomic Results of a Nitrosigine® Clinical Study at the Renowned Experimental Biology 2015 Annual Meeting 6Health News:GLiMMER Initiative Founder David Katz, MD Announces the Launch of the True Health Coalition: Worldwide Experts Convened to Defend Fundamentals of Healthy Eating/Living 2Health News:GLiMMER Initiative Founder David Katz, MD Announces the Launch of the True Health Coalition: Worldwide Experts Convened to Defend Fundamentals of Healthy Eating/Living 3Health News:GLiMMER Initiative Founder David Katz, MD Announces the Launch of the True Health Coalition: Worldwide Experts Convened to Defend Fundamentals of Healthy Eating/Living 4
... On ... at Costa Rica and other countries in order to answer the question: Is Costa Rica ... ... has long been the investment darling of Central America when it comes to real estate ...
... ... the preliminary shoots for the Pink Ribbon Connection’s annual breast cancer charity calendar. The ... the survivors of breast cancer. , ... Indianapolis, IN (PRWEB) May 6, 2010 -- Dario Infini saw a chance to give ...
... researchers say , THURSDAY, May 6 (HealthDay News) -- Scientists ... heart disease, and finally they have genetic evidence linking high ... heart trouble. , Until now, cholesterol levels were the ... say a new report in the May 8 issue of ...
... SNM,s Molecular Imaging Center of Excellence kicked off ... scientific disciplinesincluding chemistry, engineering, physics, molecular biology, neurosciences ... molecular neuroimaging. "Molecular Imaging Symposium: Envisioning ... May 6-7 at the Natcher Auditorium of the ...
... ... Celebrity Centre Nashville mobilized Volunteer Ministers to staff shelters at Lipscomb University and McGavock ... downtown Nashville, causing thousands of residents and visitors to evacuate homes and hotels. ... Nashville (Vocus) May ...
... friends, family members and celebrities about their own struggles , ... that more than a third of Americans polled believe that ... the change largely to openness by friends, family members and ... percent of those polled said that such openness on the ...
Cached Medicine News:Health News:Is Costa Rica Still the Best Place in Central America for Purchasing Real Estate? 2Health News:Is Costa Rica Still the Best Place in Central America for Purchasing Real Estate? 3Health News:Indiana Boudoir Photographer Begins Shooting Breast Cancer Charity Calendar 2Health News:Genes Tie Blood Fat to Heart Disease 2Health News:Genes Tie Blood Fat to Heart Disease 3Health News:Envisioning the future of neuroscience 2Health News:Envisioning the future of neuroscience 3Health News:Church of Scientology Nashville Mobilizes Scientology Volunteer Ministers to Cope with Floods 2
(Date:3/31/2015)... 31, 2015 RnRMarketResearch.com adds ... research report of 68 pages with latest updates, ... library. The report "Pemphigus - Pipeline Review, H1 ... therapeutic development for Pemphigus , complete with comparative ... target, mechanism of action (MoA), route of administration ...
(Date:3/31/2015)...  Dr. Renu Razdan of leading Indian CRO ... Congress in April to discuss the latest, progressive announcement regarding ... drugs below: India,s Drugs ... Health that if a new drug is approved and marketed ... India with waiver of clinical trial ...
(Date:3/31/2015)... 31, 2015   Halyard Health (NYSE: ... was awarded a new purchasing agreement with HealthTrust ... March 1, 2015, Halyard,s standard and ASTM-rated face ... will be available to HealthTrust members made up of ... surgery centers, physician practices and alternate care facilities. ...
Breaking Medicine Technology:Pemphigus Therapeutic Development and Pipeline Review H1 2015 2Pemphigus Therapeutic Development and Pipeline Review H1 2015 3Pemphigus Therapeutic Development and Pipeline Review H1 2015 4Max Neeman to Discuss India's Orphan Drug Regulations at WOD 2015 2Halyard Health Signs First GPO Contracts As Independent Company 2Halyard Health Signs First GPO Contracts As Independent Company 3
... SAN DIEGO , July 15 Allscripts ... has selected the Allscripts Community Record , provided in ... the health system. Using the Allscripts solution, Sharp,s caregivers and ... a single, unified patient record, bridging gaps that often exist ...
... ANNAPOLIS, Md. , July 15 PharmAthene, Inc. ... against biological and chemical threats, today announced results from a New ... (rPA) anthrax vaccine was more immunogenic than a liquid formulation of ...   , , , ...
Cached Medicine Technology:Sharp HealthCare Selects Allscripts Community Record to Deliver End-to-End Health Information Connectivity for San Diego Physicians and Hospitals 2Sharp HealthCare Selects Allscripts Community Record to Deliver End-to-End Health Information Connectivity for San Diego Physicians and Hospitals 3Sharp HealthCare Selects Allscripts Community Record to Deliver End-to-End Health Information Connectivity for San Diego Physicians and Hospitals 4Sharp HealthCare Selects Allscripts Community Record to Deliver End-to-End Health Information Connectivity for San Diego Physicians and Hospitals 5Sharp HealthCare Selects Allscripts Community Record to Deliver End-to-End Health Information Connectivity for San Diego Physicians and Hospitals 6PharmAthene Presents New Data for Lyophilized rPA Anthrax Vaccine Showing Enhanced Immunogenicity 2PharmAthene Presents New Data for Lyophilized rPA Anthrax Vaccine Showing Enhanced Immunogenicity 3PharmAthene Presents New Data for Lyophilized rPA Anthrax Vaccine Showing Enhanced Immunogenicity 4PharmAthene Presents New Data for Lyophilized rPA Anthrax Vaccine Showing Enhanced Immunogenicity 5PharmAthene Presents New Data for Lyophilized rPA Anthrax Vaccine Showing Enhanced Immunogenicity 6
... Oncor brings together Siemens existing patented ... MLC, and Virtual Wedge, with the ... workflow, patient position offset determination, and ... provide maximum efficiency of treatment delivery ...
The Primus linear accelerator is a fully digital, technologically advanced radiation therapy treatment delivery system. It can be configured for delivery of routine, 3-D conformal or IMRT treatments....
... EX accelerators are true ... Varian multileaf collimation and ... which enable you to ... computer-driven IMRT treatments, as ...
... Clinac EX accelerators are ... integrated Varian multileaf collimation ... systems which enable you ... advanced computer-driven IMRT treatments, ...
Medicine Products: