The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Monday Deal Review: March 2, 2009

Canadian deals and company info from this week

New Activity:

  • ALERT B&C Corporation(TSXV: ACB) has closed $150,000.00 of a private placement so far and intends to complete the final closing on or before April 30, 2009.  ALERT B&C is a BioDefence company that uses a proprietary mass spectrometry technology that allows for “detection and identification of both biological and chemical threats in less than two minutes.”
  • MedMira Inc., (TSX-V: MIR, NASDAQ: MMIRF), a developer and marketer of rapid diagnostic technology and solutions, announced that it will issue 10,592,328 shares to debt holders to settle a total of $582,578 owing. The common shares will be issued at a price of $0.055 per share based on the February 24, 2009 closing price (probably about the same price as the $0.05 per share for MedMira’s private placement last month, since those shares came with warrants).

New Developments:

People Coming and Going:

  • PreMD Inc. (TSX: PMD; PREMF.pk) is down to a skeleton staff.  It is:

    closing its McMaster Laboratory, scaling back its office in Toronto, eliminating all staff and terminating clinical programs and product licenses.

    It also

    terminated the employment agreements of each of the officers of the Company.

    However,

    Dr. Norton will remain as an officer of the Company and with administrative support will continue to act on the Company’s behalf in its efforts to secure enough financing to maintain its key intellectual property assets and continue with the FDA appeal and patent loss lawsuit.

  • The Canadian Breast Cancer Foundation has a new slate of directors.
  • Victhom Human Bionics Inc. (TSX: VHB), has a new six-member Scientific Advisory Board.

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One response to “Monday Deal Review: March 2, 2009

  1. Pingback: Monday Deal Review: April 13, 2009 « The Cross-Border Biotech Blog

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