Navigation Links
Haemacure Reports Third Quarter 2007 Results
Date:8/31/2007

MONTREAL, Aug. 31 /PRNewswire-FirstCall/ - Haemacure Corporation (TSX : HAE) released today the results of its third quarter ended July 31, 2007.

Results

Revenues amounted to $31,674, as compared to $31,409 for the same quarter last year. Revenues are exclusively derived from the sale of our fibrin sealant application devices. Operating expenses amounted to $869,822, as compared to $741,205 for the same quarter last year. The increase is mainly attributable to stock-based compensation resulting from option grants and increased business development and investor relations activities. The consolidated net loss for the quarter amounted to $856,879, or $0.01 per share, as compared to $724,163, or $0.02 per share, for the same quarter last year.

"We continue to accomplish the turnaround of the company to make it an independent player with next generation, high-value products", said Mr. Joseph Galli, Chairman and Chief Executive Officer of Haemacure. "We are implementing a strategy to hasten the initiation of the Phase III clinical trials for our lead product candidate, the Hemaseel(R)HMN fibrin sealant We are also assessing alliances with strategic partners that may result in much wider fields of use for our fibrin sealant. To that end, we will soon deliver to these potential partners small volumes of our fibrin sealant for evaluation", concluded Mr. Galli.

Financial Position

Cash and cash equivalents and temporary investments stood at $8.3 million as of July 31, 2007, as compared to $519,300 as at October 31, 2006.

Other

Pursuant to an agreement entered into in 2002, CSL Behring AG ("CSL") is obligated to pay to Haemacure the sum of US$4.5 million upon Haemacure achieving certain milestones related to its Hemaseel project. On August 20, 2007, CSL advised Haemacure of its opinion that it is no longer obliged to pay this sum. Haemacure disputes the position of CSL and will aggressively defend its right to the future payment
'/>"/>

SOURCE HAEMACURE CORPORATION
Copyright©2007 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Autopsy reports could be valuable and informative
2. China reports declining number of SARS Cases
3. Russia Reports First SARS Case
4. Research reports that c-section deliveries are rising
5. Jharkhand reports 13,000 Malaria cases
6. Uganda Reports Failure To Contain Sleeping Sickness
7. WHO reports 36 million deaths world wide due to chronic diseases
8. Reports of Hantavirus infection in India raise concerns
9. Controversy Surrounding The HIV Positive Reports Of One-Year Girl In Kerala
10. China Reports Yet Another Bird Flu Case
11. China reports seventh bird flu victim

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/8/2009)...d "Preventing and Healing AIDS Through Our In...at AIDS is a result of multiple, repeated and chro...em stressor agents, which can be either chemical, ... , Oakland, CA (PRWEB) No...l biologists, physicians, chemists and other scien...
(Date:11/8/2009)...ople in the Western District of Pennsylvania award...fering for a medical malpractice case. Attorneys ... Thomas E. Crenney and Associates, LLC handled the... and against the Uniontown Hospital. The woman ha...y at age 18. , Pittsburgh...
(Date:11/8/2009)...ewswire/ -- USAction this evening hailed passage o...h will make health care more affordable for consum...ease access to health care for millions of America..., FDR and Harry Truman would be proud," said USAct...anks among our country,s proudest achievements. To...
(Date:11/8/2009)...lth Care Reform Bill ,, Critical legislation ...l Americans ,, CHICAGO, Nov. 7 /PRNewswire-USN...esentatives passed by a vote of 220-215, critical ...en Medicare for seniors and end discrimination by ...ans out of affordable health coverage. ,, The...
(Date:11/7/2009)...ewswire/ -- Karen Ignagni, President and CEO of Am...e following statement today on House passage of H....rehensive health care reform, and we have contribu...rhaul of how health insurance is provided. Earlier...nation of pre-existing condition exclusions, no lo...
Breaking Medicine News(10 mins):Health News:Revolutionary New Views on AIDS Highlight the Rethinking AIDS 2009 Congress; Emotional Issues can be a Significant Contributing Factor 2Health News:Revolutionary New Views on AIDS Highlight the Rethinking AIDS 2009 Congress; Emotional Issues can be a Significant Contributing Factor 3Health News:Pennsylvania Jury Awards $2.3 Million to Fayette County Woman in Medical Malpractice Case 2Health News:AARP Illinois Key Vote News Alert 2Health News:AARP Illinois Key Vote News Alert 3Health News:AHIP Statement on House Passage of H.R. 3962 2
...College, an addiction treatment center in Woodland...ogram for young adults ages 17-26 in search of sub...ironment. The college is launching new life skill...fe skills while they complete a comprehensive drug...
...ow that Thomas Edison deliberately mined his uncon...mous naps while holding a brick. As the brick fell...patents. Drawing on three degrees in psychology an... to access it. During her four day seminar, "...
...cil (NIC) has completed a new classified assessmen...U.S. security in the next 20 years by causing poli...rorism, or conflicts over water and other resource...ment itself is confidential, some analyses used as...
...7 State policies have a significant impact on the...rograms, and could play a key role in efforts to e...eatment approaches, reports a study in the June is...from scientific research in the substance abuse tr...
...ential use of human embryonic stem cells in clinic...oth scientific and public opinion. The current con...ld deals particularly with the ethical implication...over the whole future of developmental biology ov...
...k of venous thromboembolism, study finds , ... use of the oral drug rivaroxaban helps prevent po...surgery, British researchers say. , The risk of v...d patients receive a heparin-based preventive drug...
Other Medicine News:Health News:California Drug Rehab Program Launches New Life Skills Classes to Young Adults as Substance Abuse Treatment 2Health News:California Drug Rehab Program Launches New Life Skills Classes to Young Adults as Substance Abuse Treatment 3Health News:California Drug Rehab Program Launches New Life Skills Classes to Young Adults as Substance Abuse Treatment 4Health News:Researchers Revisit Edison's Method of Generating Olympic Level Ideas via Unique New Corporate Seminar 2Health News:Researchers Revisit Edison's Method of Generating Olympic Level Ideas via Unique New Corporate Seminar 3Health News:Climate change may challenge national security, classified report warns 2Health News:Climate change may challenge national security, classified report warns 3Health News:State policies influence drug treatment programs 2Health News:Stem cell research from an ethical point of view 2Health News:Oral Drug Helps Prevent Clotting After Hip Replacement 2
(Date:11/6/2009)...SNewswire/ -- The ,Help is Here Express, bus tour ...oughout the week of November 9-13 at various citie...gling patients access information on programs that... free. With the nation,s unemployment rate now hit...n Assistance (PPA) bus tour is raising awareness o...
(Date:11/6/2009)... Facet Solutions, Inc. announced today that it has... The acquisition creates an undisputed leadership ...ty and clinical experience in posterior motion pre...rom lumbar spinal stenosis," stated Facet Solution...idation further strengthens Facet Solutions, posit...
(Date:11/6/2009)...Call/ -- Virtual Health Technologies, Inc. (OTC Bu...ously confirmed Letter of Intent to sell all healt...gies, Inc (WNDM) is subject to final approval of ... ,, Shareholder Assurances ,, "We believe ...and cash realized from the transaction would benef...
Breaking Medicine Technology:Partnership for Prescription Assistance Prepared to Help Southern Workers Hurt by Recession 2Partnership for Prescription Assistance Prepared to Help Southern Workers Hurt by Recession 3Facet Solutions Acquires Archus Orthopedics 2OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 2OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 3OTCBB-VHGI Updates Shareholders on Status of Healthcare Asset Sale and Treasure Gulch Gold Mine Development Strategy 4Narconon Graduate Lives to Tell Story of Addiction 54131 1Narconon Graduate Lives to Tell Story of Addiction 54131 2CryoService Ltd Liquid Nitrogen Safety Training will Hit the Road Again in October 2009 54128 1CryoService Ltd Liquid Nitrogen Safety Training will Hit the Road Again in October 2009 54128 2Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 1Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 2Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 3Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 4Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 5Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 6Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 7Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 8Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 9Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 10Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 11Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 12Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 13Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 14Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 15Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 16Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 17Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 18Cardiac Science Reports Q2 Revenue 3B Resumes AED Shipments 54124 19