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Bioniche: Graeme McRae on Bioniche`s Newly Discovered Cancer Killing Bacteria




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Video title: Bioniche: Graeme McRae on Bioniche`s Newly Discovered Cancer Killing Bacteria
Released on: September 22, 2010. © PharmaVentures Ltd
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  • Summary
  • Transcript
  • Participants
  • Company
In this episode of PharmaTelevision News Review, Fintan Walton talks with Graeme McRae, CEO at Bioniche. Filmed at BioChicago 2010 in Chicago, USA, they discuss:

• Origins and focus of Bioniche

• Mechanism of action behind Bioniche's bladder cancer product

• Scope of the product

• Animal health products

• Drugs in food safety

• Reduction of chances of E-coli breakout

Full video transcripts are available with PharmaTelevision Premium Content. Click here to buy a subscription or sign up for a 14 day free trial.
Origins and focus of Bioniche
Fintan Walton:
Hello and welcome to PharmaTelevision News Review here at BIO International Convention. On this show I have Graeme McRae , who is the Chairman and CEO of a company called Bioniche Life Sciences Inc based on Ontario Canada, welcome to the show.
Graeme McRae:
Thank you very much.
Fintan Walton:
So your company is an interesting company, it's focused in three areas food safety, animal health and human health, tell me about the origins of the company and what you are focused on?
Graeme McRae:
The origin of the company was actually 31-years ago. I came to North America with a major multinational, I was working in their animal health business and I was quite shocked coming from Australia to see the misuse of antibiotics in food producing animals particularly in North America, so I rallied 100 veterinarians as shareholders we created a company to try to develop technologies that could replace antibiotics. That technology works, but was put on the shelf when we found the technology also work as a very effective treatment for bladder cancer. Today we have spent about $120 million of our money, we have taken that product into Phase III, we've got a manufacturing facility a small manufacturing facility in Montreal, Canada and we have just partnered that with a very, very nice company in the United States called Endo, and they have now taken up global rights for the marketing of the bladder cancer product.
Full video transcripts are available with PharmaTelevision Premium Content. Click here to buy a subscription or sign up for a 14 day free trial.
Fintan Walton
Dr Fintan Walton is the Founder and CEO of PharmaVentures . After completing his doctoral research on the genetics of cell proliferation at the University of Michigan(US)and Trinity College (Dublin, Ireland), Dr Walton gained broad commercial experience in biotechnology in management positions at Bass and Celltech plc (1982-1992).
Graeme McRae
Chairman
Dr. Graeme McRae is Founder of both Vetrepharm Animal Health and Bioniche Inc. (the predecessor companies to Bioniche Life Sciences Inc.Mr. Graeme McRae has had a lengthy and diversified career in the pharmaceutical industry, in Australia and Canada. In 1979, Mr. Graeme McRae founded Vetrepharm Animal Health to focus on research and development in animal health, with a keen desire to develop non-antibiotic solutions for animal health problems. Bioniche Inc. was founded in 1992 by Mr. Graeme McRae to develop Vetrepharm's technologies for human health applications. In 1999, all of the Graeme McRae led companies were merged to become Bioniche Life Sciences Inc .,the name by which the Company is known today. In May 2008, the Board of Directors named Graeme McRae as Chairman, in addition to his role as President & CEO.
PharmaVentures
PharmaVentures is a corporate finance and transactions advisory firm that has served hundreds of clients worldwide in relation to their strategic deal making in the pharmaceutical, life science and healthcare sectors. Our key offerings include: Transactions / deal negotiations; Product / technology valuations; Deal term advice; Due diligence & expert reports; Strategy formulation; Alliance management; and Expert opinion for litigation/arbitration cases. PharmaVentures provides the global expertise to ensure our clients generate the highest possible return on investment from all their deal making activities. We have experience of all therapeutic areas and can offer advice on both product and technology commercialisation.
Bioniche Life Sciences Inc
Bioniche Life Sciences Inc - The history of Bioniche Life Sciences Inc began in London, Ontario in 1979. Graeme McRae , Chairman, President & CEO, launched a small animal health products company called Vetrepharm with support from a group of Canadian veterinarians. The vision they shared was to develop innovative medicines and vaccines for animal health that would help to reduce the level of antibiotics commonly used in the livestock industry. Over the years, Bioniche Inc has evolved into a research-based, technology-driven Canadian biopharmaceutical company that discovers, develops, manufactures, and markets proprietary products for human and animal health markets worldwide. The company now employs approximately 200 people and has three principal reporting divisions: Human Health, Animal Health, and Food Safety. Corporate headquarters are located in Belleville, Ontario, with research, manufacturing, and marketing/sales facilities in Belleville; Montreal, Quebec; Athens, Georgia; Pullman, Washington; and Armidale, Australia. Bioniche Inc is now poised for a new level of growth, with an expanded global presence, and a portfolio of products and technologies in development that promises to have a profound impact on the converging world of human and animal health. Effective therapies for bladder cancer and potentially other cancer; a cattle Vaccine to help prevent E. coli O157:H7 infection; technologies to improve reproduction and potentially replace the use of antibiotics in livestock: these are key areas of strategic focus for Bioniche Inc.