Navigation Links
Neurochem reports results for fourth quarter and fiscal year 2007 and important advances on corporate objectives
Date:2/20/2008

December 31, 2007, the use of proceeds has conformed in all material respects with the expectations set forth in the prospectus filed publicly.

In August 2006, the Company entered into a securities purchase agreement in respect of an equity line of credit facility (ELOC) with Cityplatz Limited (Cityplatz), that provides the Company up to $60,000,000 of funds in return for the issuance of common shares at a discount of 3.0% to market price at the time of draw downs over term, less a placement fee equal to 2.4% of gross proceeds payable to the placement agent, Rodman & Renshaw, LLC. The ELOC established by the securities purchase agreement will terminate on February 9, 2009. The ELOC shall also terminate if (i) the Company's common shares are de-listed from NASDAQ unless the common shares are listed at such time on another trading market specified in the agreement and such de-listing is in connection with a subsequent listing on another trading market specified in the agreement, (ii) the Company is subject to a change of control transaction or (iii) the Company suffers a material adverse effect which cannot be cured prior to the next drawdown notice. The Company may terminate the securities purchase agreement (i) if Cityplatz fails to fund a properly notified drawdown within five trading days of the end of the applicable settlement period or (ii) after it has drawn down at least $25,000,000 under the ELOC. Either party may also terminate the securities purchase agreement if the volume-weighted average price of the Company's common shares is below $5 per share for more than 30 consecutive trading days. Given that the current price per share has been below the minimum price as per the agreement, the agreement may be terminated at any time. As at December 31, 2007, the Company had not drawn any funds under the ELOC. See subsequent event note for terms of amendment.

"Restricted Cash" presented on the Consolidated Balance Sheet is composed of short-term inves
'/>"/>

SOURCE NEUROCHEM INC.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Related medicine news :

1. Neurochem to present at 2008 BIO CEO & Investor Conference - Presentation will be Web cast live
2. Neurochem appoints Mr. Gary Schmid as CEO of new nutraceutical business
3. Neurochem to present at JPMorgan Healthcare Conference
4. Neurochem announces European opinion for Eprodisate (KIACTA(TM)) for the treatment of AA amyloidosis
5. Neurochem announces eprodisate (KIACTA(TM)) receives acknowledgement of complete response and is granted Class 2 review
6. Neurochem announces departure of Dr. Philippe Calais, President, Global Business
7. Neurochem reports results for third quarter of fiscal 2007
8. Emageon Reports Fourth Quarter and 2007 Financial Results
9. Cyberonics Reports Operating Profit for Third Quarter FY08 and Announces Share Repurchase Program
10. Platinum Underwriters Holdings, Ltd. Reports Record Fourth Quarter and Year Ended December 31, 2007 Financial Results
11. Onyx Pharmaceuticals Reports Fourth Quarter and Twelve-Month 2007 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/1/2014)... Garden City, NY (PRWEB) September 02, 2014 ... B. Brinkley, Office Manager at Gibson Orthopedics ... Professional Woman of the Year. Ms. Brinkley is ... healthcare administration. As the largest, most-recognized networking organization ... industry and profession, the National Association of Professional ...
(Date:9/1/2014)... is broadly believed to be nonaddictive, a ... that 40 percent of cannabis-using adolescents receiving outpatient ... of withdrawal, which are considered a hallmark of ... more likely to meet criteria for severe substance ... or absence of withdrawal did not appear to ...
(Date:9/1/2014)... Phoenix, AZ (PRWEB) September 01, 2014 ... Wellness conference, the American Sleep and Breathing Academy ... Wellness conference: A Conference for Healthcare Professionals. The event ... Scottsdale, Arizona on April 10th and 11th. This years’ ... experience delivered by the ASBA. , In recent ...
(Date:9/1/2014)... Reinberg HealthDay Reporter ... head-to-head comparison, an experimental drug was more effective than ... failure patients. According to the study authors, the ... of the new drug, dubbed LCZ696. In ... medication, enalapril (Vasotec), either died or were hospitalized due ...
(Date:9/1/2014)... An operating theatre or operating room ... surgical operations. An operating room comprises a myriad of ... room lights, imaging displays as well as integration systems ... Market Research, a U.S.-based market research firm, the operating ... billion by 2019. , According to this report, ...
Breaking Medicine News(10 mins):Health News:National Association of Professional Women Announces Laura Brinkley, Manager, Gibson Orthopedics Pain Treatment & Cardiology Clinic, a 2014 Professional Woman of the Year 2Health News:Cannabis withdrawal symptoms common among adolescents treated for substance use disorder 2Health News:Cannabis withdrawal symptoms common among adolescents treated for substance use disorder 3Health News:Pro Player Health Alliance Confirms Big Name Speakers at 2015 American Sleep and Breathing Academy Conference 2Health News:Pro Player Health Alliance Confirms Big Name Speakers at 2015 American Sleep and Breathing Academy Conference 3Health News:Pro Player Health Alliance Confirms Big Name Speakers at 2015 American Sleep and Breathing Academy Conference 4Health News:Drug Gives 'New Hope' Against Heart Failure, Expert Says 2Health News:Drug Gives 'New Hope' Against Heart Failure, Expert Says 3Health News:Operating Room Equipment Market Study 2019 by Transparency Market Research 2Health News:Operating Room Equipment Market Study 2019 by Transparency Market Research 3
... to Take Medicines Safely, WASHINGTON, July 29 ... and Drug Administration to issue a guidance for ... receive their,prescription drugs. In a petition filed on ... organizations including the National,Association of Chain Drug Stores, ...
... AMERICANS will be diagnosed at some point in their lives ... One of the professions at the frontlines in the battle ... power and innovation of physics to study and solve the ... new imaging technologies, such as dedicated breast CT scans, and ...
... mark on the brain, by changing patterns of brain ... attention. For one in six Americans who have overactive ... frequent urges to urinate, such mind-body connections may be ... tend to focus on just one organ, but here ...
... and high thyrotropin levels associated with disease incidence, but ... News) -- High or low levels of the hormone ... Alzheimer,s disease in women. Thyrotropin affects thyroid gland function ... 1979, researchers at Beth Israel Deaconess Medical Center and ...
... to affect memory, concentration, study finds, , , TUESDAY, July ... to keep prostate cancer at bay may experience memory ... , Testosterone is thought to help spur prostate cancer. ... years to treat the disease. By reducing the level ...
... American Society for Biochemistry and Molecular Biology (ASBMB) has ... 2009 Howard K. Schachman Public Service Award, the society,s ... recognized for their outstanding commitment in supporting public health ... United States but around the world, through the Bill ...
Cached Medicine News:Health News:Consumer and Healthcare Groups Call for Clear, Concise Single Document From Pharmacy 2Health News:Cancer research highlights 2Health News:Cancer research highlights 3Health News:Cancer research highlights 4Health News:Cancer research highlights 5Health News:Cancer research highlights 6Health News:Cancer research highlights 7Health News:Cancer research highlights 8Health News:Cancer research highlights 9Health News:Cancer research highlights 10Health News:Cancer research highlights 11Health News:Cancer research highlights 12Health News:Cancer research highlights 13Health News:Cancer research highlights 14Health News:Cancer research highlights 15Health News:Cancer research highlights 16Health News:Cancer research highlights 17Health News:Findings on bladder-brain link may point to better treatments for problems in sleep, attention 2Health News:Thyroid Hormone May Boost Women's Alzheimer's Risk 2Health News:Prostate Cancer Treatment Could Impair Men's Thinking 2Health News:Prostate Cancer Treatment Could Impair Men's Thinking 3Health News:ASBMB honors Bill and Melinda Gates with Schachman Award 2
(Date:8/29/2014)... British Columbia and MENLO PARK, ... DelMar Pharmaceuticals, Inc. (OTCQB: DMPI) ("DelMar" "the ... fiscal year-end financial statements.  The Company recently changed its ... facilitate an application to list its common stock on ... DelMar,s financial statements as filed with the ...
(Date:8/29/2014)... , Aug. 29, 2014 Research ... "Global Orthopedic Soft Tissue Repair Devices Market 2014-2018" ... tissues are the mass of cells that connect, support, ... soft tissues such as tendons, ligaments, cartilage, fascia, and ... degeneration of these tissues with age result in wear ...
(Date:8/29/2014)... , Aug. 29, 2014 ... PHG AEX: PHIA) ... European Society of Cardiology (ESC) Congress ... highlighting the full range of its cardiology solutions serving clinicians ... from prevention and diagnosis, to ...
Breaking Medicine Technology:DelMar Pharmaceuticals Fiscal 2014 Year End Results and Summary of Recent Developments 2DelMar Pharmaceuticals Fiscal 2014 Year End Results and Summary of Recent Developments 3DelMar Pharmaceuticals Fiscal 2014 Year End Results and Summary of Recent Developments 4DelMar Pharmaceuticals Fiscal 2014 Year End Results and Summary of Recent Developments 5Global Orthopedic Soft Tissue Repair Devices Market 2014-2018: Key Vendors are ArthroCare, Biomet, DePuy Synthes and Smith & Nephew 2Global Orthopedic Soft Tissue Repair Devices Market 2014-2018: Key Vendors are ArthroCare, Biomet, DePuy Synthes and Smith & Nephew 3Philips Spotlights New Cardiology Solutions and Unveils Ultrasound Technology at European Society of Cardiology Congress 2014 2Philips Spotlights New Cardiology Solutions and Unveils Ultrasound Technology at European Society of Cardiology Congress 2014 3Philips Spotlights New Cardiology Solutions and Unveils Ultrasound Technology at European Society of Cardiology Congress 2014 4Philips Spotlights New Cardiology Solutions and Unveils Ultrasound Technology at European Society of Cardiology Congress 2014 5
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: