idb/to..idbe/nas long term growth Message Board

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Biotech / Medical : idb/to..idbe/nas long term growth

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To: capt rocky 1 who wrote (35)	6/4/2001 7:16:07 PM
From: GARY P GROBBEL	Read Replies (1) of 85

capt...it's federal...w/a modest royalty if sucessful w/Proteosomes...a grant if you will. that is my opinion. i like the Proteosome technology and have been following developments at the company for about a year now. ``This funding further strengthens our financial resources and will assist us in exploiting the tremendous potential of the Proteosome(TM) technology in a variety of different applications. We have stated our intentions of entering into strategic alliances with third parties to broaden our pipeline of Proteosomes(TM)-based products. This is the first of what we expect will be a number of different arrangements that will be fundamental to ID Biomedical achieving its goal of maximizing the value of this important asset.'' Under the agreement, ID Biomedical expects to receive approximately $2 million a year for the next three years. The Company has agreed to pay TPC a percentage of the amounts it receives from the commercialization of products developed under the program. There is a cap on the amount of any such payments. About Technology Partnerships Canada Technology Partnerships Canada (TPC) is a technology investment fund established in 1996 to contribute to the achievement of Canada's objectives of increasing economic growth, creating jobs and wealth, and supporting sustainable development. TPC supports and advances government initiatives by investing strategically in research, development and innovation in order to encourage private sector investment, and so maintain and grow the technology base and technological capabilities of Canadian industry. TPC also encourages the development of small and medium-sized enterprises (SMEs) in all regions of Canada.

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