Canadian Business: Life is the New Economy- Top 25 Canadian Biotech Firms

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Canadian Business: Life is the New Economy- Top 25 Canadian Biotech Firms

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Story Filed: Monday, August 19, 2002 12:00 PM EST

TORONTO, ONTARIO, Aug 19, 2002 (CCNMatthews via COMTEX) -- Want the hottest tip for tomorrow's market? Forget about pork bellies. Pig semen is going to be huge.

Canadian Business profiles the top 25 up-and-coming Canadian biotech companies. There are more than 400, each of them working on technologies that could save your life, save the environment, maybe even save the world. Only a handful has gone commercial yet, so looking for the best means looking at potential.

For our list, we sought out early-stage companies with a promising technology and a demonstrable commercial market. We also took into consideration financing and management. Our panel of biotech analysts, fund managers, academics and venture capitalists helped identify some of the top plays in seven categories.

Transgenics: TGN Biotech grows genetically engineered proteins in pig
semen
Proteomics: MDS Proteomics conducts protein-based drug research

Therapeutics: Ability Biomedical researches MS and spinal cord injuries

Drug Delivery: BioSyntech makes a drug delivery system from crab shells

Environmental: Biox Corp. makes an environmentally friendly diesel fuel

Agriculture: Performance Plants engineers heat- and drought-resistant
plants
Drug Development: Neurochem is working on a drug for Alzheimer's disease

The full report of Life is the New Economy appears in the September2, 2002, issue of Canadian Business, on newsstands now. Visit www.canadianbusiness.com for the full story. The editorial staff is available for interviews and more information.

Canadian Business is Canada's leading business magazine, offering timely reports on events in Canada's business community. With a readership of more than 1.1 million, the magazine is published every second Monday except in January and July, when monthly issues are published. Special annual issues of Canadian Business include the Investor 500, the Rich 100, the MBA Report, the Discount Brokerage Survey and the Tech 100.

CONTACT: Canadian Business
Colin Hunter
(416) 596-3494
or
Canadian Business
Soomi Kwak
(416) 596-2515
Copyright (C) 2002, Canadian Corporate News. All rights reserved.

NEWS RELEASE TRANSMITTED BY CCNMatthews

INDUSTRY KEYWORD: MED - Media
SUBJECT CODE: STK - STOCK/OTHER MARKET NEWS

Copyright © 2002, Canadian Corporate News, all rights reserved.


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"With every scientific advance, we grow closer to unlocking the mysteries of life and creation. But what have we gained if in the process, we lose our humanity. The most powerful thing we pass along to our children may not reside in the genes, but in the soul."
The Outer Limits(Criminal Nature)