CTI Life Sciences Fund Successfully Raises $100 Million As A First Tranche of its Third Venture Capital Fund

MONTREAL, May 10, 2021 /CNW Telbec/ - CTI Life Sciences Fund announced today the first closing of its third venture capital fund ("CTI LSF III"), with $100M CDN of capital now available for investment. The new fund includes reaffirmed support from CTI's existing investors, the Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec (CDPQ), Investissement Québec (IQ) and Teralys Capital. BDC Capital's Fund Investments team is joining in the first close of CTI LSF III alongside existing LPs. Previously, BDC Capital has invested in CTI LSF II via the Venture Capital Action Plan (VCAP) High Performing Funds program on behalf of the Government of Canada.

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Repare Therapeutics Doses First Patient in Phase 1 Clinical Trial of RP-6306, a First-in-Class, Selective, Oral Inhibitor of PKMYT1

Repare Therapeutics Inc. (“Repare” or the “Company”) (Nasdaq: RPTX), a leading clinical-stage precision oncology company enabled by its proprietary synthetic lethality (SL) approach to the discovery and development of novel therapeutics, today announced the first patient has been dosed in the Company’s Phase 1 clinical trial of RP-6306, a first-in-class small molecule product candidate targeting PKMYT1, which is a novel target that Repare discovered to be synthetic lethal with CCNE1 amplification and other genomic mutations to treat CCNE1-amplified, FBXW7-altered and other PKMYT1 inhibitor-sensitive cancers.

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CCRM and Amgen partner to advance emerging medical innovations

TORONTO and MISSISSAUGA, ON, April 29, 2021 /CNW/ - New regenerative medicine discoveries, including cell and gene therapies, will never reach patients without access to the funding, expertise and other specialized support that are required to move along the commercialization pathway. To address this need, CCRM, a leader in developing and commercializing regenerative medicine-based technologies and cell and gene therapies, and Amgen, a global leader in the biotechnology industry, are announcing a multi-year fund, for early-stage regenerative medicine-based technologies and therapies to benefit patients and the health-care system. The collaboration is made up of equivalent investments from CCRM and Amgen.

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Proposed TRIPS Waiver for Intellectual Property

On behalf of the member companies of the biotechnology and life sciences organizations across Canada, we are writing on this occasion to urge the government to oppose the TRIPS waivers proposal before the World Trade Organization which would allow countries to force the transfer of intellectual property and know-how on covid-19 vaccines. The proposed waiver fundamentally undermines the very system that produced the current group of COVID-19 vaccines and will be a disincentive for the investors and companies taking risks to develop solutions for the next health emergency.

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Ministers Champagne, Joly and Carr highlight Budget 2021 biomanufacturing investments

OTTAWA, ON, April 23, 2021 /CNW/ - Budget 2021 is the Government of Canada's plan to finish the fight against COVID-19 and ensure a robust economic recovery that is inclusive of all Canadians.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry; the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada; and the Honourable Jim Carr, Special Representative for the Prairies, met with representatives of the University of Saskatchewan to discuss an investment in vaccine research and development at the Vaccine and Infectious Disease Organization (VIDO) from Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience.

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Ortho Dermatologics Announces Statistically Significant Topline Results From Second Pivotal Phase 3 Clinical Trial Evaluating IDP-126 Gel In Acne Vulgaris

LAVAL, QC, April 22, 2021 /CNW/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health") and its dermatology business, Ortho Dermatologics, one of the largest prescription dermatology health care businesses, today announced statistically significant topline results from a second pivotal Phase 3 clinical trial evaluating its investigational medicine IDP-126, a combination retinoid, anti-bacterial and antibiotic topical, to treat acne vulgaris in patients nine years of age and older. If approved, IDP-126 would be the first-in-class with this triple combination.

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Biotechnology: a key sector for recovery. Investors, entrepreneurs and scientists all working together will help build Québec's economic prosperity.

The COVID-19 pandemic has underlined the essential role of the biotechnology sector. Québec has a wealth of talented researchers and entrepreneurs in several specialties, including neurology, oncology, rare diseases and cardiology. And investors in the province believe that the life sciences will play a major economic role in the post-coronavirus era.

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MIMS Raises $5M for Expansion into new Markets

Montreal’s My Intelligent Machines (aka MIMS) has raised a second seed round of financing in the amount of $5 million. According to Crunchbase, this is the company’s first raise since the fall of 2019 when it raised $2.6 million. This round was led by MEDTEQ+ and StandUp Ventures, with participation from Desjardins Capital, Anges Québec, Anges Québec Capital and Real Ventures.

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Lilly and Incyte announce results from the Phase 3 COV-BARRIER study of baricitinib in hospitalized COVID-19 patients

TORONTO, April 16, 2021 /CNW/ - On April 8, 2021, Eli Lilly and Company and Incyte announced the results of COV-BARRIER, a Phase 3 study evaluating baricitinib 4mg once daily plus standard of care (SoC) versus placebo plus SoC. The trial did not meet statistical significance on the primary endpoint, which was defined as a difference in the proportion of participants progressing to the first occurrence of non-invasive ventilation including high flow oxygen or invasive mechanical ventilation including extracorporeal membrane oxygenation (ECMO) or death by Day 28. Baricitinib-treated patients were 2.7 per cent less likely than those receiving standard of care to progress to ventilation (non-invasive or mechanical) or death, a difference that was not statistically significant (odds ratio [OR]: 0.85; 95% CI 0.67, 1.08; p=0.1800).

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Canada should be on the frontlines of developing and manufacturing new vaccines, therapies and other technologies, so we can enjoy those everyday moments.

Canada should be on the frontlines of developing and manufacturing new vaccines, therapies and other technologies, so we can enjoy those everyday moments. Prime Minister, we can work with you to build a world-class life sciences sector to make this happen.

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BIOQuébec joins united call from life sciences, business and research leaders for a new approach by the federal government, so Canadians can get back to those “everyday moments”

BROMONT (Québec)- April 12, 2021 – BIOQuébec has added its voice to a national call by life sciences, research and business organizations across Canada for the federal government to work with them to create a better environment for the development and ommercialization of new vaccines, medicines and health technologies in Canada.

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Teva Canada Announces New Autoinjector for AJOVY® for the Preventive Treatment of Migraine in Adults

MONTRÉAL, April 8, 2021 /CNW/ - Teva Canada, a subsidiary of Teva Pharmaceutical Industries Ltd., today announced the launch and availability of a new autoinjector for AJOVY® (fremanezumab). AJOVY® is a subcutaneous injection for the preventive treatment of migraine in adults who have at least four migraine days per month. When launched in 2020, AJOVY® was available in a prefilled syringe only. The product is now available in two latex-free1 formats: a new autoinjector and a prefilled syringe.

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Fonds de solidarité FTQ invests US$4 million in Ventus Therapeutics

MONTRÉAL, April 8, 2021 /CNW Telbec/ - Fonds de solidarité FTQ (the « Fonds ») is investing US$4 million in Ventus Therapeutics. Created in 2019 by Versant Ventures, Ventus is pioneering a unique approach to structure-based drug discovery to address biologically validated, but elusive, drug targets. The company is rapidly advancing a pipeline of new medicines to treat autoimmune and inflammatory diseases, neurological disorders, and cancer.

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Laurent Pharmaceuticals Provides Clinical Development Update

MONTREAL, April 8, 2021 /CNW Telbec/ - Laurent Pharmaceuticals Inc., a clinical-stage biopharmaceutical company developing first-in-class pro-resolving drug LAU-7b, today announces that the independent Data Safety Monitoring Board (DSMB) for the Phase 2 RESOLUTION study in hospitalized patients with COVID-19 unanimously recommended to continue the study without modification following a pre-scheduled safety review and mid-study interim futility analysis of unblinded efficacy data from the first 102 patients treated in the study. The company also reports the completion of enrollment in its Phase 2 APPLAUD study in adult patients with Cystic Fibrosis (CF).

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Bausch Health Launches ENVIVE™ Daily Probiotic Supplement

LAVAL, QC, April 8, 2021 /CNW/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health") today announced the U.S. launch of its novel daily over-the-counter probiotic supplement, ENVIVE™. ENVIVE™ is shown to help reduce the severity and frequency of five occasional gastrointestinal (GI) symptoms - diarrhea, constipation, gas, bloating and discomfort - and help strengthen and protect the digestive system by strengthening the gut barrier. ENVIVE™ is proven to help relieve these occasional GI symptoms in as little as two weeks.*

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Teva Canada Amplifies Commitment to Canadian Caregivers - Introduces new resources to support and improve mental health of Caregivers

TORONTO, April 6, 2021 /CNW/ - Extending its ongoing commitment to caregivers through the Caregiver-Friendly Pharmacy (CFP) program, and recognizing the significant toll COVID-19 has had on the caregiver community over the past year, Teva Canada today unveiled new resources and programming to support the mental health challenges caregivers often experience.

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Angany (Canada) and Phylloceuticals (USA): two biotechnology innovators team up to accelerate Covid NAbs commercialization

QUEBEC CITY and AUSTIN, Texas, March 24, 2021 /CNW Telbec/ - Dr Louis-Philippe Vézina CEO of Angany, and Mr. Bill Brydges, CEO of Phylloceuticals announce today that the two companies will team up to accelerate the development of a preventive and curative product based on neutralizing monoclonal antibodies (NAbs) against SARS CoV-02 and its variants.

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