Navigation Links
SemBioSys receives US$2.5 million from option agreement with MannKind for plant-produced insulin
Date:1/6/2009

CALGARY, Jan. 6 /PRNewswire-FirstCall/ - SemBioSys Genetics Inc. (TSX:SBS), a biotechnology company developing protein pharmaceuticals in crop plants, today announced it has received US$2,500,000 from MannKind Corporation (Nasdaq: MNKD) as consideration for the option agreement and issuance of 2,400,000 units of SemBioSys, as previously announced December 24, 2008. The transaction provides MannKind with the option to the license rights to SemBioSys' proprietary plant-produced recombinant human insulin for use primarily in MannKind's ultra-rapid acting insulin, AFRESA(TM).

The units were issued at a price US$0.83 (Cdn$1.00) per unit. Each unit issued by SemBioSys consists of one common share of SemBioSys and one-tenth of one common share purchase warrant of SemBioSys. Each whole warrant entitles MannKind to purchase one additional common share of SemBioSys at an exercise price of Cdn$6.00 for a period of 36 months from the effective date of the option. The option period for the license rights ends on March 31, 2009.

About SBS Plant-Produced Insulin

SemBioSys' plant-produced insulin is human insulin produced from genetically enhanced safflower. SemBioSys has demonstrated that its plant-produced insulin is physically, structurally and functionally indistinguishable from pharmaceutical-grade human insulin through analytical testing and pre-clinical sub-chronic toxicology studies in rodents and primates. SemBioSys is currently conducting a Phase I/II clinical trial of its plant-produced insulin. The three-arm study, of up to 30 healthy volunteers, is designed to demonstrate the bioequivalence of safflower-produced insulin to two commercial insulin standards. Full results are expected to be available during the first half of 2009.

About SemBioSys

Calgary, Alberta-based SemBioSys is a biotechnology
'/>"/>

SOURCE SemBioSys Genetics Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. SemBioSys begins phase I/II trial of insulin produced in plant seeds
2. SemBioSys eligible to proceed with Phase I/II plant-produced insulin trial after submission of IND
3. SemBioSys announces second quarter 2008 financial and operational results
4. SemBioSys submits IND for safflower-produced insulin to U.S. FDA
5. SemBioSys Demonstrates Functionality of its Safflower Produced Apo AI(Milano)
6. SemBioSys to present at the Needham & Company Biotechnology and Medical Technology Conference
7. SemBioSys provides update on shrimp feed additive, Immunosphere(TM)
8. SemBioSys announces first quarter 2008 financial and operational results
9. SemBioSys receives milestone payments from AVAC Ltd.
10. SemBioSys initiates toxicology study for safflower-produced insulin
11. SemBioSys announces 2007 financial and operational results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2013)... 23, 2013 Virobay, Inc. today announced that ... reached an important milestone, as Virobay has now initiated ... selective cathepsin S inhibitor.   The first ... placebo-controlled study designed to evaluate the safety, tolerability, pharmacokinetics ... adults. "The initiation of this Phase 1 ...
(Date:5/23/2013)... Northwest Biotherapeutics (NASDAQ: NWBO ) ... personalized immune therapies for solid tumor cancers, announced today ... American Society Of Clinical Oncology (ASCO) meeting in ... in immune therapy.  (Logo: http://photos.prnewswire.com/prnh/20110329/SF73084LOGO ) ... pre-eminent conference focused on clinical treatment of cancer, with ...
(Date:5/23/2013)... (PRWEB) May 23, 2013 During ... is critical to adhere to principles of good ... , Esteemed speaker Dr. Jeremy Lim, Fellow, Clinical ... , ,     Understand the International Conference ... (GCP) and additional regulations for the conduction of ...
(Date:5/23/2013)... Chicago, IL (PRWEB) May 23, 2013 Bed ... battle against the pests is still ongoing, a report from ... thousands more for the bed bug treatment. Meanwhile, to be ... an apartment from the costly bed bug exterminator ... 2013, stated that AHA has so far spent ...
Breaking Biology Technology:Virobay, Inc. initiates a Phase 1 Trial of VBY-036, a compound intended for the treatment of neuropathic pain 2Virobay, Inc. initiates a Phase 1 Trial of VBY-036, a compound intended for the treatment of neuropathic pain 3NW Bio Exhibit at the Upcoming ASCO Meeting to Highlight its Leadership Role in Immune Therapy for Cancer 2NW Bio Exhibit at the Upcoming ASCO Meeting to Highlight its Leadership Role in Immune Therapy for Cancer 3Adhering to Good Clinical Practice, New Webinar Hosted by Xtalks 2Bed Bug Exterminator Service Could Cost AHA $250K, My Cleaning Products Gives Tips How to Save Apartments from Costly Bed Bug Treatment 2
... , , IMAP APPLICATION ... By Liz Gaudet, Ph.D., Joyce Itatani, Francisco, Ramirez and Annegret Boge, ... , INTRODUCTION ... drug discovery. Many suppliers offer a profiling, ...
... , , IONWORKS HT APPLICATION NOTE #4 , ... Chen, Ph.D., Jinfang Liao, Ph.D., , Jeff Quast, Andrew Wittel, ... Corporation, 3280 Whipple Road, Union City, CA 94587., INTRODUCTION ... largely untapped portion of the potential drug, ...
... , ... , ... Application Guide ........................................................................................................................2 , ... ................................................................................................................................2 , ...
Cached Biology Technology:Setting up a kinase profiler with IMAP 2Setting up a kinase profiler with IMAP 3Setting up a kinase profiler with IMAP 4Setting up a kinase profiler with IMAP 5Setting up a kinase profiler with IMAP 6Setting up a kinase profiler with IMAP 7Setting up a kinase profiler with IMAP 8Setting up a kinase profiler with IMAP 9Setting up a kinase profiler with IMAP 10Setting up a kinase profiler with IMAP 11Setting up a kinase profiler with IMAP 12Setting up a kinase profiler with IMAP 13Setting up a kinase profiler with IMAP 14Setting up a kinase profiler with IMAP 15Setting up a kinase profiler with IMAP 16Setting up a kinase profiler with IMAP 17Setting up a kinase profiler with IMAP 18Setting up a kinase profiler with IMAP 19Setting up a kinase profiler with IMAP 20Setting up a kinase profiler with IMAP 21Setting up a kinase profiler with IMAP 22Setting up a kinase profiler with IMAP 23Setting up a kinase profiler with IMAP 24Setting up a kinase profiler with IMAP 25Setting up a kinase profiler with IMAP 26Setting up a kinase profiler with IMAP 27Setting up a kinase profiler with IMAP 28Setting up a kinase profiler with IMAP 29Setting up a kinase profiler with IMAP 30Setting up a kinase profiler with IMAP 31Rapid hit confirmation and early hERG liability testing using the IonWorks HT system 2Rapid hit confirmation and early hERG liability testing using the IonWorks HT system 3Rapid hit confirmation and early hERG liability testing using the IonWorks HT system 4Rapid hit confirmation and early hERG liability testing using the IonWorks HT system 5Rapid hit confirmation and early hERG liability testing using the IonWorks HT system 6
(Date:5/21/2013)... Using a "patient monitoring" device attached to a whale ... time how fishing lines changed a whale,s diving and ... whales, ability to eat and migrate, depletes their energy ... can result in a slow death. , The scientists ... a Dtag to a two-year-old female North Atlantic right ...
(Date:5/21/2013)... USC have found that a class of pharmaceuticals can ... , The drugs, known as "TSPO ligands," are currently ... at the effects of TSPO ligand in young adult ... in aged mice when pathology was quite severe," said ... of Gerontology. "TSPO ligand reduced measures of pathology and ...
(Date:5/21/2013)... available in pharmacies and health stores, phosphatidylserine is ... and soy. Proven to improve cognition and slow ... people experiencing memory impairment. Now a team headed ... of Tel Aviv University,s Department of Human ... supplement improves the functioning of genes involved in ...
Breaking Biology News(10 mins):Study reveals how fishing gear can cause slow death of whales 2Study reveals how fishing gear can cause slow death of whales 3Drugs found to both prevent and treat Alzheimer's disease in mice 2Common food supplement fights degenerative brain disorders 2
... 10 October 2008.- During the 1950s, Austrian and Swiss ... Nepal taking photographs of the glaciers, mountains and valleys. ... spent eight months in the region at locations above ... , Now, fifty years later, the black and white ...
... From Local to Global, will be the focus of ... this single event is just one small step in ... around the world and requires immediate attention in order ... and deficiencies. The Society for Nutrition Education (SNE) encourages ...
... Pregnancy and motherhood may make us all go a little ... to mental health researchers at The Australian National University. ... Research (CMHR) at ANU suggests that despite fears mothers ... no evidence to suggest that is true. The findings have ...
Cached Biology News:'Himalaya -- Changing Landscapes' photo exhibition draws attention to the impacts of climate change 2'Himalaya -- Changing Landscapes' photo exhibition draws attention to the impacts of climate change 3World Food Day brings attention to food security around the globe 2Pregnancy not turning minds to mush: Study 2
... in this kit are prepared with pure ... Biochains Mitochondria Isolation Kit is designed to ... fast and easy way. One kit is ... isolations (enriching mitochondria from 10 20 ...
... plasmid DNA preparations are prepared from ... from 1mg to multi-gram scales. ... (100mg-multi-gram) preparations are made according to ... formulated according to customer needs, and ...
... hormones which belong to the transforming ... superfamily is a large group of ... aspects of development, reproductive function and ... TGF-s, bone morphogenetic proteins, growth differentiation ...
... GST•Tag™ Antibody Plate is a 96-well ... Antibody. This antibody (mouse IgG 1 ... japonicum glutathione-S-transferase (GST), and binds ... GST•Tag fusion protein in which the ...
Biology Products: