SYNSORB (T.SYB)(SYBBF) CURE FOR CANCER? Message Board

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Technology Stocks : SYNSORB (T.SYB)(SYBBF) CURE FOR CANCER?

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To: Jim Oravetz who wrote (162)	5/10/2002 12:20:53 PM
From: Jim Oravetz	of 164

Oncolytics Biotech Gets 14.6% BCY Stake DOW JONES NEWSWIRES TORONTO -- Pursuant to an agreement between Oncolytics Biotech Inc. (ONCY) and Synsorb Biotech Inc. (T.SYB), Oncolytics will receive all of the BCY LifeSciences Inc. (V.BCY) common shares and future rights to BCY shares held by Synsorb, giving it a 14.6% stake in BCY. In a news release, BCY said Oncolytics is also eligible for an additional 400,000 shares as milestones are achieved. The deal has been approved by shareholders of both Oncolytics and Synsorb. In a related development, BCY LifeSciences said it is close to finalizing the protocol for its Phase II clinical trial for cystic fibrosis, putting it on track to initiate the trial later this year. BCY LifeSciences is a development-stage biopharmaceutical company. Company Web Sites: bcylifesciences.com, synsorb.com and oncolyticsbiotech.com

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