Lumira Ventures Closes on US$255 Million of New Capital to Build Transformative Healthcare Companies

TORONTO, MONTREAL, VANCOUVER, BC and BOSTON, July 26, 2021 /CNW/ - Lumira Ventures today announced a significant expansion of its capital base to support the founding and building of innovative healthcare companies in Canada and the U.S. The closing of the oversubscribed Lumira Ventures IV at US$220 million represents the largest fund Lumira has raised to date, and the largest institutional life sciences venture capital fund ever raised in Canada. In parallel, Lumira closed a strategic venture fund in partnership with an international pharmaceutical company. Collectively, the new funds represent over US$255 million (C$321 million) of committed capital.

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Génome Québec announces an overall investment of $18.4 M in innovative research projects on the environment

Génome Québec announced today a total investment of $18.4 million in innovative projects on the environment. The Board of Directors of Genome Canada approved funding for eight Canadian projects under the Genomic Solutions for Natural Resources and the Environment competition with a budget allocation of $58.6 million. Six of the eight projects involve Québec researchers, which means Québec is receiving 31% of the overall budget available nationwide

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INmune Bio Partners with Imeka to Use Novel Biomarker in Clinical Studies for Alzheimer’s Disease

SHERBROOKE, QC, Canada – July 20, 2021 – Imeka, the leading neuroimaging company combining diffusion imaging and AI to map white matter integrity, today announced a partnership with INmune Bio, Inc., a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease. Imeka’s novel biomarker technology is being utilized in clinical trials evaluating INmune Bio’s lead drug candidate, XPro1595, as an investigational treatment for Alzheimer’s Disease. (…)

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NIMIUM Therapeutics and Paraza Pharma form partnership to develop new medicines to treat cardiometabolic diseases (CMDs), obesity and type 2 diabetes

MONTREAL, July 20, 2021 /PRNewswire/ -- NIMIUM Therapeutics (www.nimium.ca), a Montreal-based biotech, has formed a partnership with Paraza Pharma (www.parazapharma.com) to develop a new treatment for cardiometabolic diseases (CMDs). The treatment aims to prevent and reverse the adverse effects of excess sugar and caloric intake and to promote healthier aging. The partnership will focus on the early-stage development of glycerol-3-phosphate phosphatase (G3PP) activators.

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ExCellThera and Astellas enter into license for the use of molecule UM171 in the field of pluripotent stem cells

MONTREAL, July 13, 2021 – ExCellThera Inc. (ExCellThera), a clinical-stage molecular medicine company delivering molecules and bioengineering solutions to expand stem and immune cells for therapeutic use, today announced that it has entered into a licensing agreement with Astellas Pharma Inc. through its US subsidiary, Astellas Institute for Regenerative Medicine, for the in vitro use of the UM171 compound and certain other molecules in the field of pluripotent stem cells (PSCs) and PSC-derived cells.

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CQDM invests in Montreal-based regenerative medicine company, Morphocell Technologies

Montréal – Québec – July 7 – CQDM is proud to announce an investment of $260,100 in Morphocell Technologies, a Montréal- based early-stage regenerative medicine company focused on the development of stem cell-derived engineered liver tissue to treat liver disease. Founded in 2018 to develop ReLiver®, a highly innovative platform technology which has shown immense promise in animal models to restore liver function, treat complications and accelerate liver regeneration, Morphocell has the potential to revolutionize the treatment of liver failure and save patient lives.

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Supporting Canada's back to normal: Roche Diagnostics Canada introduces the new SARS-CoV-2 Rapid Antigen Test Nasal approved under Health Canada's Interim Order

LAVAL, QC, June 30, 2021 /CNW Telbec/ - A few weeks after announcing the availability of its Elecsys® Anti-SARS-CoV-2-S (spike protein) antibody test, Roche Diagnostics, a division of Hoffmann-La Roche Limited, is pleased to announce that its SARS-CoV-2 Rapid Antigen Test Nasal, commercialized under a Global partnership with SD Biosensor Inc., has received approval under Health Canada's Interim Order, increasing Roche's contribution to the fight against the pandemic.

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EVAH Announces Acquisition and Development Agreements for Four Technologies from Elanco

MONTRÉAL, QUÉBEC (May 25, 2021) – EVAH Corp. (EVAH or the Company) today announced the signing of four contracts with Elanco Animal Health Incorporated (NYSE: ELAN, Elanco) to acquire and develop technologies in animal health. EVAH is a biotechnology company specializing in the development of biologicals to help prevent bacterial diseases in food animals and microbiome solutions for growth performance.

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Laurent Pharmaceuticals Completes Patients Enrollment in Phase 2 Study of LAU-7b for the Treatment of COVID-19

Laurent Pharmaceuticals Inc., a clinical-stage biopharmaceutical company developing the first-in-class pro-resolving drug LAU-7b, today announces that it has completed the enrollment for its placebo-controlled Phase 2 RESOLUTION clinical study of hospitalized patients with COVID-19. The study, which enrolled 240 patients across Canada and United States, is expected to report top-line results in Q3 2021.

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Medicago and GSK announce positive interim Phase 2 results for adjuvanted COVID-19 vaccine candidate

QUEBEC CITY and LONDON, May 18, 2021 /CNW/ - Medicago, a biopharmaceutical company headquartered in Quebec City, and GlaxoSmithKline (GSK) are pleased to report positive interim Phase 2 clinical trial safety and immunogenicity data for Medicago's plant-derived COVID-19 vaccine candidate, which has been tested in combination with GSK's pandemic adjuvant. These results are part of the ongoing Phase 2/3 study and reiterate the promising profile observed during Phase 1 testing. Immunogenicity, as measured by the neutralizing antibody titer, was high - about 10 times higher than those in a panel of sera from patients recovering from COVID-19. No related severe adverse events were reported and reactogenicity was generally mild to moderate and short in duration.

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CellCarta Strengthens its Histological Biomarker Franchise by Acquiring Artificial Intelligence-Based Quantitative Pathology Leader Reveal Biosciences

MONTREAL, May 11, 2021 /CNW Telbec/ - CellCarta, a global provider of precision medicine services, announced today the acquisition of Reveal Biosciences ("Reveal"), a San Diego California based computational pathology company offering cutting-edge artificial intelligence (AI)-based quantitative pathology and immunohistochemistry services to the biopharmaceutical industry. This acquisition further strengthens CellCarta's position as a leading provider of histopathology biomarker services and will enable the company to broaden its offering in AI-enabled multi-omic data analysis services and applications.

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