Stock Symbol: RX
Exchange: TSX Venture
Shares Outstanding: 12,521,195 (as of 8/24/2011)
Fully diluted: 14,315,825 (as of 12/31/2010)
BioSyent Inc. is a publicly traded life science company that acquires or licenses products and commercializes proprietary science-based technologies that advance human health and public safety (TSX Venture Exchange trading symbol - "RX").
BioSyent has embarked on a growth strategy to establish itself in Canada's pharmaceutical industry. BioSyent's focus is: sourcing pharmaceutical products that have been successfully developed and proven safe and effective; managing the regulatory process through to product registration (approval); and once approved, marketing these products in Canada. The Company is focused on medications that occupy a niche in the market, that are unique either due to complexity of manufacture or provide novel technological or therapeutic advantages, or that are backed by strong partners holding intellectual property rights that are defendable. This strategy allows the Company to market these medications as brands owned by, or licensed to it.
In keeping with the above strategy, the Company has, through its subsidiary, BioSyent Pharma Inc. launched FeraMAX®, an oral hematinic, to the Canadian healthcare market. FeraMAX® is indicated for the prevention and treatment of iron deficiency anaemia (IDA). This non-ionic formulation leads to improved iron absorption by the body and eliminates adverse side effects normally associated with iron formulations. Shipments of FeraMAX® commenced in April 2007.
In 2008 BioSyent Pharma Inc. established a Hospital Products Division focused on licensing or acquiring pharmaceutical products used primarily in a hospital setting. The Hospital Products Division licensed its first product, Ciprofloxacin Injection, in the first quarter of 2008 and launched the product in the second quarter of 2008. Ciprofloxacin Injection, an antibacterial agent, is a generic equivalent to Cipro I.V. Minibags 2mg/ml from Bayer Inc.
In July 2009, the company through its subsidiary BioSyent Pharma Inc. signed an exclusive distribution agreement with a partner for an innovative topical anaesthetic product used in urology and gastroenterology. The product was approved by Health Canada in July, 2011.
The Company also manufactures and markets two products from its legacy business, namely Protect-It® and Insecolo™.
Protect-It® is a non-chemical, food-safe grain insecticide. The patented formula contains a natural mineral called diatomaceous earth ("DE"). Protect-It® was developed through collaborative research between the Winnipeg based Cereal Research Centre of Agriculture and Agri-Food Canada. Protect-It® is used as a preventative treatment against insect infestations in stored grains. It is registered for use in Canada, the United States, Croatia and Syria.
Insecolo is a natural insecticide for home and garden use made from a patented formula of DE and food grade additives. It is registered for use in Canada and is marketed by S.C. Johnson and Son Limited under the Raid® Earthblends™ Ant & Earwig Dust brand.
René C. Goehrum, Chairman, President, Chief Executive Officer
René Goehrum is an experienced entrepreneur, leader and business builder. He has led businesses and teams at various stages of their development including start-ups, growth companies and mature products/businesses. His focus is on strategy, corporate and business development, and operations. Mr. Goehrum's career experience includes: Chariman, President and Chief Executive Officer of BioSyent Inc. (f.k.a. Hedley Technologies Inc.), a publicly Traded (TSXV-RX) specialty pharmaceutical company. President and co-founder of Bratch Goehrum Inc., a professional services firm that provided marketing and sales services to clients such as Procter & Gamble, Boehringer Ingelheim, Sandoz (n.k.a. Novartis), Kraft Foods, Coca Cola, H.J. Heinz Company and Canadian Imperial Bank of Commerce (CIBC). Progressive sales and product promotion assignments with Procter & Gamble Inc., a world leader in the development and marketing of consumer products. Mr. Goehrum's functional experience includes corporate strategy, sales and marketing strategy and execution, business operations and corporate finance.
Alfred D'Souza, Chief Financial Officer, Vice President Biosyent Inc.
Alfred D'Souza has been the Chief Financial Officer and Vice President of BioSyent Inc. since December 13, 2007. Mr. D'Souza joined BioSyent as Controller and Director of Finance in October 2006. Mr. D'Souza has over 25 years of accounting, finance and operations management experience in international businesses ranging from early stage to rapid growth to mature markets. Mr. D'Souza enjoyed a 16 year career with progressive management assignments at Colgate-Palmolive ...
Douglas R. Larson, Director
Douglas R. Larson has considerable grain industry experience. Before August 1995, he served as President and CEO of James Richardson and Sons Ltd.-Grain Division. James Richardson and Sons is Canada's largest privately owned grain company. During the past forty years, Mr. Larson has served the grain industry in many capacities, including: President of Vancouver Grain Exchange; President of B.C. Terminal Elevators Operators' Association; a Director of the Canada Grains Council; Member of the Grain Elevators and Processors Society; Chairman of the Board of the Chamber of Maritime Commerce; a Member of the Board of Directors of Grain Insurance and Guarantee Company; Member of the Labour Canada Working Group for the Western Grain Elevator Industry; Member, Implementation Advisory Team, Agriculture Canada Grain and Oilseeds Branch.
Peter D. Lockhard, Director
Peter Lockhard is an entrepreneur and business leader with senior management, operations, sales/sales management, marketing and client service experience in the technology and marketing services industries. Mr. Lockhard, is a co-founder and principal of Aquiam Partners Ltd., a private corporation engaged in investment, acquisition, management and growth of entrepreneurial enterprises. After starting his career in public accounting and investment sales, Mr. Lockhard co-founded and served as President (1990-1998), of Between the I's a technology-based marketing services provider with clients such as Pepsi-Cola Canada, Bell Canada, Nortel and Labatt Breweries. Prior to founding Aquiam Partners, Mr. Lockhard served as a senior executive in several technology based businesses that served large multi-national clients such as Hewlett-Packard, Microsoft, Bank of Montreal, Barnes and Noble and American Airlines.
Milton E. Wakefield, Director
Milton Wakefield recently completed a ten-year term as Commissioner of the Canadian Grain Commission, the last seven as its Chief Commissioner. The Canadian Grain Commission is the regulatory agency responsible for maintaining grain quality standards and assessment in Canada. As its Chief Commissioner, Mr. Wakefield was responsible for advising the Minister of Agriculture on grain industry policies and regulations, and carrying the principal responsibility for promoting Canadian grain quality standards and management practices internationally. Mr. Wakefield has chaired several industry committees including the Western and Eastern Grain Standards Committees and was responsible for supervising the Winnipeg Commodity Exchange. During his tenure, Mr. Wakefield led several grain industry missions to Japan, the People's Republic of China, and several countries in South East Asia and Europe.