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11/21/14 - €1.48
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prometic life sciences inc (PJ2) Details

ProMetic Life Sciences Inc., a biopharmaceutical company, develops bioseparation, plasma-derived therapeutics, and small-molecule drugs. The company also offers its technologies for large-scale drug purification, drug development, proteomics, and the elimination of pathogens; and develops small molecule therapeutics products targeting unmet medical needs in the fields of fibrosis, anemia, cancer, and autoimmune disease, as well as plasma-derived therapeutics in orphan drug indications. It operates in two segments, Therapeutics and Protein Technology. The Therapeutics segment’s lead product includes PBI-4050, which targets unmet medical needs, such as the treatment of fibrosis in patients with chronic kidney diseases and certain cancers, and the side effects associated with chemotherapy. This segment also develops PBI-4419, an anti-fibrotic and anti-inflammatory compound for kidney injury and chronic kidney diseases; and PBI-1402, a drug candidate for the treatment of anemia indications. The Protein Technology segment provides plasma protein purification system, a solution for the extraction and purification of therapeutic proteins from human plasma; bioseparation products based on applications of its patented Mimetic Ligand technology for various biopharmaceutical companies; and prion capture/pathogen removal technology platform that improves the safety profile of blood products and blood-derived therapeutics. The company was formerly known as Innovon Life Sciences Holdings Limited and changed its name to ProMetic Life Sciences Inc. in May 1998. ProMetic Life Sciences Inc. was founded in 1992 and is headquartered in Laval, Canada.

Founded in 1992

prometic life sciences inc (PJ2) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$435.0K
Chief Financial Officer and Chief Operating O...
Total Annual Compensation: C$322.3K
Chief Executive Officer of ProMetic BioScienc...
Total Annual Compensation: C$238.5K
General Counsel and Corporate Secretary
Total Annual Compensation: C$197.0K
Senior Vice President of Product & Asia Pacif...
Total Annual Compensation: C$283.6K
Compensation as of Fiscal Year 2013.

prometic life sciences inc (PJ2) Key Developments

ProMetic Life Sciences Inc. Announces PBI-4050 Cleared to Commence Clinical Trials in Patients with Metabolic Syndrome and Associated Type 2 Diabetes

ProMetic Life Sciences Inc. reported that its orally active lead drug candidate, PBI-4050, has been approved to commence the clinical trial in patients suffering from metabolic syndrome and resulting Type 2 diabetes, following the CTA clearance by Health Canada. Metabolic syndrome is a major risk factor for cardiovascular disease and for Type 2 diabetes, and consists of the constellation of central (truncal) obesity, high blood triglycerides, low HDL (good) cholesterol, elevated blood pressure, and elevated blood glucose. ProMetic has successfully completed its PBI-4050 Phase I clinical trial in 40 healthy volunteers, in which it was found to be safe and well tolerated, with no serious adverse events. The Corporation has also started enrolling patients with diabetic kidney disease (DKD) in the multi-dose part of the Phase Ib trial and is expected to report results thereon by the end of the first quarter of 2015.

ProMetic Life Sciences Inc. Provides fourth quarter of 2014 Clinical Development and Commercial Milestones Update

ProMetic Life Sciences Inc. provided tan update on its clinical development and commercial milestones scheduled for completion in fourth quarter of 2014. The Investigational New Drug (IND) application for ProMetic's intravenous immunoglobulin (IVIG) was filed in December 2014 with the American Food and Drug Administration (FDA) and patients' enrolment is expected to commence during this quarter. The enrolment of patients for the Plasminogen Phase 1 clinical trial is progressing as expected. No serious adverse events were reported in the initial part of the PBI-4050 phase 1b/II trial in patients with Diabetic Kidney Disease (DKD). Finally, the completion of the previously announced license and strategic agreement with Generium on December 21, 2014 as well as the achievement of a development milestone in late December 2014 alone contributed approximately $9 Million to fourth quarter of 2014.

ProMetic Life Sciences Inc. expected to report Fiscal Year 2014 results on January 29, 2015. This event was calculated by Capital IQ (Created on January 23, 2015).

ProMetic Life Sciences Inc. expected to report Fiscal Year 2014 results on January 29, 2015. This event was calculated by Capital IQ (Created on January 23, 2015).


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