Spring 2007

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Golden Horseshoe
Biosciences Network

■ Spring 2007 ■ volume 1 ■ issue 2

American eyes are upon us


We have a Cross-border bioscience deals are on the rise. Despite the post-9/11 fallout, the technology
new name bubble of 2002-2003, and the lure of other technologies, foreign investment in Canadian life
sciences is growing. That’s good news for many entrepreneurs who have limited sources of
We have an iden-
Canadian funding to access.
tity! We’re calling our
newsletter Bio-Matrix, Last year, almost $500 million in venture capital from Canadian and foreign sources went
a name that suggests to biopharma and other life-sciences investments, says the Canadian Venture Capital and
something like a web or Private Equity Association (CVCA). That was up 12 per cent over the prior year’s level.
network. That’s apt for Biopharma/life-sciences funding amounted to 29 per cent of all VC money invested in
Canada in 2006.
the Golden Horseshoe
Biosciences Network. “I can say there is growing interest by the U.S. equity community in investing in Canada,”
said Rick Nathan, CVCA president and managing director of Kensington Capital Partners.
In biology, a matrix is
In general, almost one-third of VC money invested in Canada comes from foreign,
(broadly speaking) the principally American, sources.
intercellular substance of
a tissue or the substance That’s good because there is a lack of VC funding north of the border flowing into
in which fibres and cells Canadian opportunities, including bioscience firms. The CVCA says new VC money raised
of connective tissue are in Canada “dropped substantially” -- off 27 per cent last year from the $2.2 billion
raised the year before.
embedded.

The name suits us. We’re In addition to VC funding, there is investment by buyout funds -- those private equity
giants that acquire companies. Last year, U.S. acquisitors (cont’d on page 4)
the network that aims to
spur innovations, form
new ties, develop new
A super-lab to fight a super bug
research and investment. To combat a super bug – one increasingly resistant to drug treatments -- it takes a super-
We hope you’ll name-drop lab. That’s the concept behind McMaster University’s $20-million laboratory for microbial
Bio-Matrix to others in chemical biology, a centre that aims at decoding the workings of pathogenic bacteria and
finding out how bacteria ‘talk’ to each other.
the bio-sciences com-
munity.
The premise is that scientists can learn how bacteria trade genes and how they form
Inside – protective biofilms to prevent antibiotics and other drugs from attacking. The promise is
that such research can produce new ways of taking on resistant strains and developing Dr. Gerry Wright
Project Leader
■ Incubating at new drug-like molecules to attack the vulnerabilities.
McMaster
[page 2] “We will be creating a facility that doesn’t exist anywhere in Canada,” said Dr. Gerry Wright,
project leader and professor and chair of biochemistry and biomedical sciences at McMaster.
■ Health “I see this as a tremendous area for us to really put McMaster on the map with this level of
Research in
science. It’s pretty mind-boggling. It’s exciting.”
the City
[page 3]
So-called superbugs – microorganisms that have the ability to withstand treatment by an
■ Bridges of antibiotic – get the most attention today as a pressing health concern. Women’s College
Intellect Hospital’s neo-natal ICU in Toronto was closed in early March because of an outbreak of
[page 5] staphylococcus aureus. In future, healthcare institutions will be asked to provide rates of
methicillin-resistant staph (MRSA) or Clostrodium difficile (C. difficile).

McMaster’s centre marries the principles of chemistry to the study (cont’d on page 3)
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McMaster incubates tomorrow’s jobs


For a new business, the future can seem less daunting PreMD, the first tenant in MBIC, has six of its 15
when the trail has familiar signposts. That’s the idea employees in the Michael G. DeGroote building. The
of an incubator centre – a facility that offers advice, PreMD story is a good example of the symbiosis of
A fine wine to legal and operational help, access to research, maybe
even assistance for a start-up company heading to
incubator operations.

chew on market. That’s why MBIC is hunting for other start-ups that
seek a high-end home with lots of support. Tenants
Like to have your wine
Predictive medicine company PreMD has long passed not only can rely on in-house aid from McMaster,
and eat it too? That’s the start-up stage. PreMD is now marketing a skin they also work alongside the Golden Horseshoe
what Vinifera for Life is sterol test, a product that measures the amount of Biosciences Network.
all about. Chef de Cuisine
Mark Walpole has taken Start-up businesses would be those “wanting
the spent skins and seeds to collaborate with the university or that are
now (working with) some researchers” at the
of grapes and turned
school, such as drug discovery firms or those
them into flour products.
in medical and assistive devices, said MBIC
co-ordinator Nick Markettos.
His Jordan Station
company turns out four
McMaster, through the network, provides
varietals of flour – Caber- space and related equipment, business and
net, Chardonnay, Icewine operating services, contacts with researchers
and Late Harvest – that at the university, and help lining up venture
are used to make breads capital and linking with incentive programs.
Angela Chaput, Product Development Specialist and
and pastas. GHBN can also help take discoveries and
Carol Carte, Laboratory Manager
innovations to commercial reality.
The grape pomace is cholesterol in skin tissue as a predictive marker to
not only high in fibre but possible cardiovascular disease. And it has other McMaster offers about 7,000 square feet at $40
products in the pipeline. per square foot a year to potential tenants. Labs can
also Omega-3 and 6,
range up to 915 sq. ft. But the incubator space will
and polyphenols, such as Yet the public company (www.premdinc.com -- traded grow to 50,000 sq. ft. this year when the program
antioxidants and resve- on the TSX and Amex exchanges) remains in the moves to McMaster Innovation Park.
ratrol that are said to McMaster Biosciences Incubator Centre (MBIC). It
have benefits in prevent- shares space with more-nascent neighbours, DC Bio
ing heart disease and and Fighting Chance. The relationship is “really a
two-way street,” says executive vice-president Mike
cancer.
Eveleigh.

“We certainly benefit by proximity to good people


and good facilities . . . On the other side, we have a
fourth-year (McMaster health sciences) student doing
a project in our lab this year. We can give that person
the structure and support assistance he requires.”

PreMD can also offer help to university researchers


working on recombinant virus manufacturing for
vaccine purposes or to scientist-entrepreneurs going
through the regulatory affairs maze. And Eveleigh
is a part-time faculty member with McMaster’s
department of pathology too.

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From Greek to great collaboration


Tom Kerber was among hundreds of treatment. Similarly, they are Commercialization means working
delegates at Hamilton’s inaugural working with an Israeli company on with the private sector, learning to
Health Research in the City forum anti-cancer medication that uses become an entrepreneur, Christian
back in January. He was keen but
had few real expectations: “When I
photodynamic therapy to go after
cancer.
Dube, of the Trillium Medical
Technology Association, based in
Brock’s UN
got invited I thought, ‘This is Greek. Markham, told the January forum. vintage
What am I going to do here?’ ” But The Kerber story illustrates the
Wine research now
he sat in on two sessions on light collaboration going on across While cancer has long been a
therapy to treat cancer. the Golden Horseshoe and how ‘headline’ disease, the fight against carries a United Na-
innovative research is leading to obesity is gaining international tions label and Brock
Flash forward two or three months. treatment solutions. At more than attention too. Obesity, said Dr. Arya University is part of
Now the entrepreneur and head of $260 million in research spending, Sharma, director of the Centre for that vintage brand.
Kerber Applied Research is moving Hamilton is home to one of the top Obesity Research and Management, The school’s Bacchus
ahead with new opportunities and five medical research clusters in “is the mother of all diseases”. It
at Brock event will take
connections he made at the all-day Canada. is informed by the very nature of
place under the auspices
seminar. Here’s what he says now: culture and society.
“I made a number of contacts. It “Collaboration,” said Dr. Bill of the UN’s educational,
was just absolutely perfect timing. Evans, of the Juravinski centre, “is Just as cancer has long since scientific and cultural
There couldn’t have been a better core to the future of research.” evolved into an interdisciplinary organization (UNESCO).
time for that event to occur.” Scientists from many disciplines field, so must obesity research.
are co-operating in their work. Treatment and prevention must UNESCO has created a
Kerber, who was working with LEDs Now, the drive is to turn innovation be aligned to combat this chronic chair for wine and culture,
in the dental field, is now teamed to invoice, transferring top-line syndrome, he said. all in aid of gobal co-op-
with the Juravinksi Cancer Centre networking into bottom-line eration in vine and wine
in using light therapy in oncology revenues.
research.

Brock’s three-day Bacchus


A super-lab to fight a super bug (cont’d from cover)
conference (June 7 to 9)
of biology and applies them to and engineering new molecules, as high-throughput screening, cell is part of the international
infectious-disease research. But scientists attempt to find answers biology, DNA sequencing and exchange and collabora-
the weave is broader than that, that may lead to new drugs to other top-flight research science. tion under UNESCO’s
also including medicine and combat infectious diseases. program, itself proposed
geography and earth sciences. It will also have a level-2 by Brock’s partner in
Operational within the year, the biosafety area, a centre to tackle
“I see this as a Bacchus, the University
institute is a prime example of the organisms that cause infections.
of Burgundy in France.
cross-disciplinary efforts that now The laboratory will also house an
mark modern healthcare.
tremendous area informatics database of chemical
genetic interactions that can be
for us to really put
“I see this as a tremendous area accessed anywhere in the world
for us to really put McMaster on over the Internet.
McMaster on
the map with this level of science,”
said Wright. With its leading-edge the map” McMaster succeeded last fall
science, the laboratory’s profile in gaining an infrastructure
will allow it to seek funding and investment of more than $8
research-partnership matches The 12,500 sq. ft. laboratory million from the Canadian
around the world, he added. – essentially, a series of interjoined Foundation for Innovation. Now it
units -- will have facilities that is seeking public and private-sector
The centre will be looking at will allow investigators to perform funding.
chemical compounds, identifying organic syntheses of molecules,
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Building bridges from the ground up


The new home doesn’t look like active in society (as an economic The native of Northern Ireland
much yet – an office-tower rump innovator)”. actually knew about McMaster
within a park-in-the-making, the long before she arrived. With a
former home of an appliance Technology transfer is the big background in biochemistry, she
Vineland on manufacturer. But Elsie Quaite- mission among universities and knew of the university’s research
the grow Randall’s first-floor shop is a research hospitals today. It’s an reach. Years later, working at the
visible sign of a new McMaster imperative that in many ways is
It was a model when
mandate: the university as reshaping schools. McMaster is
first created in 1906 economic driver. part of the C4 consortium – along
and Vineland Research with the universities of Waterloo,
Centre remains a pro- Quaite-Randall likes the symbolism Guelph, and Western Ontario
totype in Canada today. of building from the ground – that shares resources and best
Now – thanks to federal up. Her research contracts and practices to take technology to
intellectual property office, with a commercial stages.
and provincial co-opera-
staff of 20, is the bridge between
tion -- the hub for horticul- university and economy. The Quaite-Randall’s office transfers
tural science and innova- Longwood Road innovation park this knowledge and capacity
tion is on the grow. will be McMaster’s factory for for McMaster, Hamilton Health
developing mind-capital into jobs Sciences, and St. Joseph’s
Queen’s Park and Ottawa and investment. Healthcare via patents, licensing Elsie Quaite-Randall
are investing more than and research agreements, Executive Director Office of Research
Contracts & Intellectual Property
$25 million in financial and “We try to take what they partnerships, and start-up (ORCIP), McMaster University
in-kind commitment to the (researchers and innovators) companies.
create and find a partner in the Argonne National Laboratory in
Vineland Research and
real world. It’s like a matchmaking A drug-testing company, for Chicago, and doing a fair bit of
Innovations Centre Inc.
process,” says the executive example, might use a university- biotech licensing, she met up
director. “I really think McMaster developed questionnaire to with McMaster again. Hamilton,
The governments have
is trying to make things happen, to validate its trial results with clinical she says, “obviously was a great
been joined by several in-
spin things out and become more subjects. opportunity for me.”
dustry partners, including
Flowers Canada (Ontario)
and the Niagara Penin-
sula Fruit and Vegetable American eyes are upon us (cont’d from cover)
Growers Association.
made up almost 40 per cent of the $10.9 billion US technology skills with been-there, done-that smarts.
of all disclosed buyout money going into Canadian The gap from science to commercialization remains.
companies, including life-sciences enterprises.
“Aggressivity (by Canadians) could be much higher,”
Ken Yoon, senior associate with VenGrowth Advanced said Gilles Lapointe, CEO and co-founder of GeneOb
Life Sciences Fund in Toronto, sees the same south-to- Inc (www.geneob.com), a company that studies the
north trend: “My sense is we will see more cross- genetic predisposition to and the treatment of obesity.
border deals, more capital raised.” “We have good facilities here in Canada and it’s so
cheap to do business here due to our (relatively low)
The problem is that the money goes to fewer research costs and (handsome) tax-writeoff credits,”
companies. Venture capital and similar investors are says Lapointe. It’s “very important” to have a U.S.
injecting larger amounts of capital but into more presence. GeneOb linked withf with the University of
later-stage deals. Buffalo and U.S. private-sector interests, a good step
for any Canadian bio-firm.
For the early-stage companies, the problem often
lies in a failure to marry world-class science and
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The sweet science of therapeutic honeys


Katrina Brudzynski is making Brudzynski isn’t shy in saying that infected and honeys are used in
medical advances on the backs Canadian honeys – largely derived incisional wounds. They can be used
of thousands of tiny workers. The from buckwheat, clover, and on abcesses and in problems with
Brock University biochemist is at the
leading edge of research
blackberry sources – are showing
powerful promise as
C-sections.”
Dine on great
into the therapeutic therapeutic agents. Brudzynski has studied the clinical ideas
uses of honey, the applications of honey in both cancer
Share a sandwich,
sweet substance She believes that and diabetes research. For now,
made by bees home-grown however, she is looking at honey’s share an idea. The
that can heal honeys are components. new lunchtime ‘Interact
wounds, fight more potent series’ is the place for it
infections, and than those Hydrogen peroxide levels in honey as we draw people from
help ward off now being sold have significant antibacterial activity. all sorts of research
injury caused by internationally She hopes to identify the efficacy of
backgrounds together.
diseases. by Australian and other compounds, such as aromatic
New Zealand companies. and phenolic acids, and is seeking Get to know each other
The science isn’t new. Honey has The Canadian Honey Council is clinical trials with contaminant-free,
and trade information.
been used for thousands of years helping to fund her research into medical-grade therapeutic honey.
to treat wounds. But what today’s developing honey with sufficient We’ll offer key speakers
science is now unlocking is which purity standards to gain medical- Brudzynski would also like to who are experts in their
pharmacologically active compounds grade approval. see further research into honey’s fields within the Golden
within the honey have the greatest use against methicillin-resistant Horseshoe biosciences
antibacterial and disease-fighting “Wound treatment is a huge staphylococcus aureus, also known community.
efficacy. business at the moment,” she says. as a so-called superbug.
“Surgical wounds can become Join us for lunch and
refreshments in the com-
ing months! If you want to
Sign on as a partner with GHBN
hold an informative lunch,
Over the past year, the Golden Horseshoe Biosciences technology sector. So, to bring the right expertise to this is your time slot
Network has been on a voyage of discovery. We’ve your door, we’re reaching out to other networks and – just let us know!
learned what we can do for you in the biosciences organizations in and outside of our area.
community and what you are doing as you run your
companies, engage in R & D, and raise capital. We’ve created partnerships with such expert groups
as MaRS, MaRS Landing, the Toronto Biotechnology
The Golden Horseshoe is rich in talent: scientists and Initiative, the Health Technology Exchange, and Allergen.
researchers, serial entrepreneurs and first-time young
inventors. Knowing that helps focus our aims and The word network implies different channels, perhaps
opportunities. We want to bring you programs and a web of links radiating out. So much of bioscience
events that will help you, your companies and your ideas involves synergistic technology, partnering with others,
succeed. that it is critical to develop awareness and programming
with other segments of the community.
When the leaders and stakeholders behind the network
started out, the plan was to focus on life sciences That brings us back to the role of GHBN. If you haven’t
biotechnology. But we know now that the capabilities in come out to one of our events yet, I strongly urge you
the horseshoe extend way beyond biotechology. to do so. In the coming year, we will partner with many
organizations to bring you programs, events, seminars
That has allowed the GHBN to stretch our legs. We’re a and workshops reflective of the diverse industry and
regional innovation network, a concept that demands we academic R & D presence in the Golden Horseshoe.
focus on innovation in the biosciences and convergent
5
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Non-drug EVENTS inside the Golden Horseshoe EVENTS outside the Golden Horseshoe
asthma
study Innovation CafeTM Series Bio VentureForum East
Date: June 8, 2007 Date: June 18-20, 2007
McMaster physicians Time: 1:45 pm. Location: Marriot Chateau Champlain
have proven that a Location: Bacchus during the International Wine Montreal, Quebec
Conference - Brock University For more information: visit www.bio.org
non-drug, minimally
http://www.brocku.ca/bacchus/
invasive procedure
9th Annual INET Mini-
can help in controlling 2007 Imaging Series – GHBN, Conference – Telehealth:
asthma. BioDiscovery Toronto, YORKbiotech, WGTACC, Supporting Diabetes Self-Care
and Institute of Electrical & Electronics
Bronchial thermoplasty, Date: June 20, 2007
Engineers
Location: Four Seasons Hotel, Toronto
using a flexible bron-
SESSION III: For more information:
choscope to reduce the visit www.inet-international.com
Cardiac MRI
amount of airway smooth
Date: June 11, 2007
muscle, can bring sig- 7th Annual TBI Golf Classic
Location: University of Toronto Mississauga, Faculty
nificant positive changes, Time: 6:00 p.m. - 8:00 p.m. Date: August 14, 2007
such as decreases in Speaker: Dr. Graham Wright Location: Copper Creek Golf Club
asthma attacks, more For more information: visit www.wgtacc.com Time: Sunrise Breakfast at 6:45 a.m. Shotgun Start
asthma-free symptom at 7:45 a.m.
days, and less medication BACCHUS at Brock – Third For more information: visit www.torontobiotech.org

used. International Interdisciplinary Wine


Conference in Niagara
For events at MaRS Discovery District please visit
The BT device generates Date: June 7th – 9th 2007 www.marsdd.com
radio frequency-thermal Location: Brock University
energy that can be utilized For more information: visit www.brocku.ca/bacchus
in three treatment ses-
sions under light anes-
Energy 2100 - Global Perspective
thesia.
on a Sustainable Future
Date: June 18-20, 2007
The study, led by inves- Location: Hamilton Convention Centre, 1 Summers
tigators Drs. Gerard Lane, Hamilton, Ontario
For more information:
Cox (a respirologist at
visit http://msep.mcmaster.ca/epp_program.html
Firestone Institute for
Respiratory Health) and
John Miller (head of
thoracic surgery at St.
Joseph’s Healthcare),
has been published
in the New England
Journal of Medicine.
Contact Golden Horseshoe Biosciences Network

McMaster University, Michael G. DeGroote Centre for Learning & Discovery


5105-1200 Main Street West, Hamilton, Ontario, CANADA L8N 3Z5
■ Ana Paredes Office Administrator/Incubator Assistant – Tel: 905-525-9140 Ext. 26602 Fax: 905-528-3999
■ Darlene Homonko Executive Director – Tel: 905-525-9140 Ext. 26609 Web: www.ghbn.org

GHBN News is a quarterly newsletter published by GHBN. Director and editor: Darlene Homonko
Writer: Mike Pettapiece Contributor: Marg Leyland Graphic Design: Nadia DiTraglia

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