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	<title>Kirchner Investment Management Corporation &#187; Portfolio News</title>
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		<title>Enobia Pharma Raises US $40 million</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/08/10/enobia-pharma-raises-us-40-million/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/08/10/enobia-pharma-raises-us-40-million/#comments</comments>
		<pubDate>Wed, 10 Aug 2011 20:10:56 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=717</guid>
		<description><![CDATA[Enobia Pharma is a portfolio company of Lothian Partners. Kirchner Investment Management Corporation is the manager of Lothian Partners. Montreal, Quebec 08 August 2011 &#8212; Enobia Pharma Inc., a clinical stage biotech company focused on developing novel therapeutics for serious bone disorders, today announced that it has raised US$40 million through the private placement of approximately <p>[<a href="http://www.kirchnerpcg.com/kirchnerimc/2011/08/10/enobia-pharma-raises-us-40-million/">more</a>]</p>]]></description>
			<content:encoded><![CDATA[<p><em>Enobia Pharma is a portfolio company of Lothian Partners. Kirchner Investment Management Corporation is the manager of Lothian Partners.</em></p>
<p><em>Montreal, Quebec 08 August 2011</em> &#8212; Enobia Pharma Inc., a clinical stage biotech company focused on developing novel therapeutics for serious bone disorders, today announced that it has raised US$40 million through the private placement of approximately 13,724,000 shares of its common stock to new pharmaceutical and financial investors. The proceeds will be used to fund the ongoing development of ENB-0040, Enobia&#8217;s enzyme replacement therapy (ERT) for hypophosphatasia, a rare and potentially life threatening genetic bone disorder for which there is no currently approved therapy. BofA Merrill Lynch acted as the exclusive placement agent to the company.</p>
<p>&#8220;We are pleased by the strong interest from both strategic and financial investors. We look forward to building a first rate biopharmaceutical company focused on rare genetic bone diseases,&#8221; said Enobia Chairman and OrbiMed General Partner Jonathan Silverstein.</p>
<p>Enobia has completed two 6-month clinical studies in hypophosphatasia; a phase I/II study initiated in October 2008 in infants and young children with life threatening hypophosphatasia, and a phase II study in children aged 5-12. These patients continue to receive therapy in ongoing extension studies. Updates of infantile and juvenile data will be given at the upcoming SSIEM (September 2, 2011 Geneva Switzerland) and ASBMR (September 16, 2011 San Diego, CA) meetings. Enobia is also enrolling additional infants and children with severe hypophosphatasia under the age of 5.</p>
<p>One year treatment results from a Phase II study in adolescents and adults with hypophosphatasia will be available in the first half of 2012. ENB-0040 manufactured at commercial scale is now being used in clinical trials.</p>
<p>Enobia was also recently awarded a US$1.2 million FDA Orphan Grant for the long-term ENB-0040 treatment of infants and young children with life-threatening or severely debilitating hypophosphatasia. Enobia will receive these funds over the next three years with the opportunity to apply for additional funding in subsequent years.</p>
<p><strong>About ENB-0040</strong><br />
There are currently no therapies approved for hypophosphatasia (HPP), a rare inherited metabolic disease characterized primarily by defective bone mineralization with multi-systemic sequelae caused by a deficiency in the enzyme tissue non-specific alkaline phosphatase (TNSALP). ENB-0040 (asfotase alfa) is an investigational subcutaneous enzyme replacement therapy for HPP. ENB-0040 is designed to directly target TNSALP to the bone in order to correct the enzyme deficiency, which could lead to restoration of normal bone mineralization and function. ENB-0040, awarded orphan designation in the U.S. and EU in 2008 and Fast Track status in 2009, is currently in Phase IIb clinical development.</p>
<p><strong>About Enobia Pharma Inc.</strong><br />
Enobia Pharma Inc. is a private Montreal based company focused on the development of therapeutics to treat serious bone disorders for which there are no drug therapies currently approved. ENB-0040, an investigational drug for the treatment of hypophosphatasia, is the Company’s lead program. For more information, please visit <a href="www.enobia.com" target="_blank">www.enobia.com</a>.</p>
<p>Company Contact:<br />
Julie Anne Smith, Enobia Pharma Inc.<br />
(514) 596-2901, extension 214</p>
<p>Media Contact (United States):<br />
Liz Falcone, Feinstein Kean Healthcare<br />
617-761-6727</p>
<p>Media Contact (Canada):<br />
Jean-Pierre Trudel, APR, Jean-Pierre Trudel and Associates<br />
(514) 347-6111</p>
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		<title>New Section 2(ee) for REQUIEM 25EC in Leafy Vegetables</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/06/09/new-section-2ee-for-requiem-25ec-in-leafy-vegetables/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/06/09/new-section-2ee-for-requiem-25ec-in-leafy-vegetables/#comments</comments>
		<pubDate>Thu, 09 Jun 2011 00:00:02 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=695</guid>
		<description><![CDATA[AgraQuest Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. 09 June 2011 – New Section 2(ee) for REQUIEM 25EC in Leafy Vegetables &#160;]]></description>
			<content:encoded><![CDATA[<p><em>AgraQuest Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc.</em></p>
<p><em><em>09 June 2011</em></em> – <a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/07/AgraQuest-072011.pdf">New Section 2(ee) for REQUIEM 25EC in Leafy Vegetables</a></p>
<p>&nbsp;</p>
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		<title>Manitoba Harvest Recognized as HSBC International Business Award Finalist</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/04/14/manitoba-harvest-recognized-as-hsbc-international-business-award-finalist/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/04/14/manitoba-harvest-recognized-as-hsbc-international-business-award-finalist/#comments</comments>
		<pubDate>Thu, 14 Apr 2011 00:00:26 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=643</guid>
		<description><![CDATA[Manitoba Harvest Hemp Foods &#38; Oil is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures. Winnipeg, Manitoba  14 April 2011 – Manitoba Harvest Hemp Foods &#38; Oils is pleased to announce that it has been named a finalist in the inaugural HSBC International Business Awards, which celebrate <p>[<a href="http://www.kirchnerpcg.com/kirchnerimc/2011/04/14/manitoba-harvest-recognized-as-hsbc-international-business-award-finalist/">more</a>]</p>]]></description>
			<content:encoded><![CDATA[<p><em>Manitoba Harvest Hemp Foods &amp; Oil is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures.</em></p>
<p><em>Winnipeg, Manitoba  14 April 2011</em> – Manitoba Harvest Hemp Foods &amp; Oils is pleased to announce that it has been named a finalist in the inaugural HSBC International Business Awards, which celebrate the best of Canadian companies doing business abroad.</p>
<p>Developed by HSBC Bank Canada in partnership with Business without Borders, the awards honor Canadian firms that have made a real difference in taking their products and services to the world. Manitoba Harvest is recognized as one of three finalists in the Small and Medium Enterprise category, highlighting its strong growth trajectory in the U.S. market and its commitment to corporate social responsibility initiatives.</p>
<p>“It’s an honor to receive recognition as one of HSBC’s International Business Award finalists. It’s a testament to the vision and dedication of the Manitoba Harvest team, who continues to drive our company’s growth in a strategic and responsible way, from ingredient sourcing initiatives to environmental and social stewardship,” said Mike Fata, CEO and co-founder of Manitoba Harvest.</p>
<p>Manitoba Harvest’s top export is shelled hemp seed, also known as “hemp hearts.” The company also exports hemp protein powder, Hemp Bliss organic hemp beverage, hemp seed butter and hemp oil. The company strives to conduct business in a responsible way, sourcing hemp seed from local farmers to create a closed-loop system that fosters collaboration and fairness. The company also utilizes energy efficient facilities, sources renewable energy credits to offset electrical usage, and all products are offered in re-usable or recyclable packaging.</p>
<p>“We are thoroughly impressed with the caliber of performance and results seen in our twelve finalists,” said Mark Watkinson, Senior Executive Vice President, Head of Commercial Banking, North America, HSBC. “We were particularly impressed by the diversity of industries and Canadian regions represented, as these speak volumes to Canadian companies successfully translating opportunity into success. While only four winners will emerge, all finalists deserve our attention and respect.”</p>
<p>Finalists and winners will be honored at a gala celebration on the evening of May 10, 2011, at the Art Gallery of Ontario, in Toronto. Brett Wilson, entrepreneur, philanthropist and CBC Dragon’s Den panel member will be the master of ceremonies.</p>
<p><strong>About Manitoba Harvest Hemp Foods &amp; Oils</strong><br />
Founded in 1998, Manitoba Harvest Hemp Foods &amp; Oils is the world’s largest vertically-integrated, farmer owned hemp food manufacturer. Manitoba Harvest is proud to offer award-winning products like Hemp Pro 70® (hemp protein concentrate), Hemp Bliss® Organic Hemp Beverage, shelled hemp seed, and hemp oil. In addition to their own popular brand of hemp foods, Manitoba Harvest supplies many other leading consumer brands with functional hemp food ingredients. www.manitobaharvest.com.</p>
<p><strong>About HSBC Bank Canada</strong><br />
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 260 offices, including over 140 bank branches, and is the leading international bank in Canada. With around 7,500 offices in 87 countries and territories and assets of US$2,455 billion at 31 December 2010, the HSBC Group is one of the world’s largest banking and financial services organizations.</p>
<p><strong>About Business without Borders</strong><br />
Canada’s newest and best source of news and information for companies seeking to do business beyond this nation’s borders, Business without Borders was created by HSBC Bank Canada in association with Rogers Publishing Limited and the Globe and Mail. Business without Borders provides news, analysis, tools and inspiring profiles of Canadian businesses that are exporting, expanding their operations and sales abroad or relocating operations to other countries.</p>
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		<title>Advitech Inc. and Natunola Health Biosciences Inc. Enter Discussions to Create a Leading Company in Personal Care and Health Food Ingredients</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/04/08/advitech-inc-and-natunola-health-biosciences-inc-enter-discussions-to-create-a-leading-company-in-personal-care-and-health-food-ingredients/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/04/08/advitech-inc-and-natunola-health-biosciences-inc-enter-discussions-to-create-a-leading-company-in-personal-care-and-health-food-ingredients/#comments</comments>
		<pubDate>Fri, 08 Apr 2011 22:00:15 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=640</guid>
		<description><![CDATA[Advitech Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures. Québec City, Québec and Winchester, Ontario 8 April 2011 - Advitech Inc. (TSX-V: AVI) (“Advitech”) and Natunola Health Biosciences Inc. (TSX-V: NHI) (“Natunola”) are pleased to announce that they have entered into discussions, under a letter <p>[<a href="http://www.kirchnerpcg.com/kirchnerimc/2011/04/08/advitech-inc-and-natunola-health-biosciences-inc-enter-discussions-to-create-a-leading-company-in-personal-care-and-health-food-ingredients/">more</a>]</p>]]></description>
			<content:encoded><![CDATA[<p><em>Advitech Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures.</em></p>
<div>
<p><em>Québec City, Québec and Winchester, Ontario 8 April 2011</em> - Advitech Inc. (TSX-V: AVI) (“Advitech”) and Natunola Health Biosciences Inc. (TSX-V: NHI) (“Natunola”) are pleased to announce that they have entered into discussions, under a letter of intent, with the objective to create a leading company in personal care and health food ingredients (the “Resulting Entity”).</p>
<p>The Resulting Entity would focus on developing, manufacturing and marketing naturally derived, value added specialty ingredients and health food products based on their proprietary agricultural technology platforms. Both Advitech and Natunola believe that the entity combining their activities will benefit from additional synergies and cost savings, strengthen its competitive position and create an entity with enhanced visibility in the market place.</p>
<p>“This combination represents a pooling of the expertise of two emerging personal care and health food specialty-ingredient firms to capitalize on the operational strengths of collective management, sales/marketing, R&amp;D and manufacturing teams. It will also provide significant synergies and cost savings, leveraging each company’s strengths to better serve our customers with a unique, innovative product portfolio to better address market opportunities.” said Michael Stangel, President &amp; Chief Executive Officer of Advitech, Inc.</p>
<p>“The complementary technologies and global product distribution channels will greatly enhance shareholder value and establish the Resulting Entity as a leading provider of specialty ingredients addressing global opportunities in health, wellness and sustainability,” said Dr. Nam Fong Han, President &amp; Chief Executive Officer of Natunola Health Inc.</p>
<p>It is currently expected that the transaction would be conducted by way of a plan of arrangement between Natunola and a newly created wholly-owned subsidiary of Advitech pursuant to which, Natunola shareholders would receive common shares of Advitech, which would continue as the resulting entity, based on a ratio of 4.75 common shares of Advitech for one common share of Natunola. The shareholders of Advitech would hold, on a non-diluted basis and excluding the securities to be issued as part of the concurrent private placement described below, 58.5% of the common shares of the Resulting Entity while the shareholders of Natunola would hold 41.5% of the common shares of the Resulting Entity.</p>
<p>The companies are currently undertaking a mutual due diligence and the preparation of a definitive transaction agreement which will be executed once the due diligence is completed and the final terms of the proposed transaction approved by the board of directors of each company.</p>
<p>The closing of the transaction is expected to occur during the second quarter of 2011 and will be subject, among other conditions, to the completion of a financing for the implementation of the business plan of the Resulting Entity by way of private placement for a minimum amount of 5 million dollars and to securing all required shareholders and regulatory approvals to implement its terms. Bloom Burton &amp; Co. Inc. will act as financial advisor in connection with the private placement in which AgeChem and Avrio Ventures, the principal shareholders of Advitech have indicated they will be participating. The terms of the private placement will be determined in the context of the market and in compliance with the policies of the TSX-V.</p>
<p>It is contemplated that the board of directors of the Resulting Entity would consist of 7 directors, 5 of which would be current directors of Advitech and 2 nominees of Natunola. The management of the Resulting Entity would consist of Michael Stangel, President and Chief Executive Officer of Advitech, as President and Chief Executive Officer, Dr. Nam Fong Han, President and Chief Executive Officer of Natunola, as Executive Chairman and Chief Operating Officer, and Murray Bruce, Chief Financial Officer of Advitech, as Chief Financial Officer.</p>
<p>There can be no assurance that the transaction contemplated above will be completed, or if completed, what the final terms will be.</p>
<p><strong><span style="text-decoration: underline">About Advitech Inc.:<br />
</span></strong>Advitech, which includes its subsidiary Botaneco Specialty Ingredients Inc. since November 20, 2009, is a health sciences and technology company developing, manufacturing and marketing proprietary natural ingredients and formulations for oral and topical applications that have been clinically proven to be safe and effective for improving skin health and well being. More information is available and can be accessed at www.advitech.com</p>
<p><strong><span style="text-decoration: underline">About Natunola Health Bioscience Inc.:<br />
</span></strong>Natunola and its manufacturing plant are located in Winchester, Ontario. Natunola is a manufacturer and researcher in the field of flax seed derived omega -3 fatty acids, flax protein, flax lignans, specialty natural products, bio-nutrients and functional supplements for human and animal care markets. Natunola also produces canola oil gels and other natural ingredients for the cosmetic and personal care industry. Natunola has a retail health product line under the brand name of Natunola® Health’s Delight. Natunola was the winner for the National Canadian Agri-Food Award of Excellence for Innovation for the year 2008. www.natunola.com</p>
<p><strong><span style="text-decoration: underline">About AgeChem:<br />
</span></strong>The AgeChem Venture Fund, LP is currently investing in companies developing therapeutics targeting age-related diseases. The range of diseases and chronic conditions associated with aging provides a breadth of attractive investment opportunities. www.genechem.com .</p>
<p><strong> </strong></p>
<p><strong><span style="text-decoration: underline">About Avrio:<br />
</span></strong>Avrio Ventures Limited Partnership is one of Canada&#8217;s leading venture capital funds focused on investing in commercialization to growth stage companies developing food and/or agricultural technologies that address global challenges in the areas of health, wellness and sustainability. www.avrioventures.com</p>
<p><em>Some of the statements contained in the release are forward-looking statements, such as estimates and statements that describe the parties&#8217; future plans, objectives or goals, including words to the effect that they expect a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.</em></p>
<p><em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</em></p>
<p><strong>FOR FURTHER INFORMATION PLEASE CONTACT:</strong></p>
<p>Dr. Nam Fong Han<br />
President &amp; Chief Executive Officer<br />
Natunola Health Biosciences Inc.<br />
661, St Lawrence Street,<br />
Winchester, Ontario. K0C 2K0<br />
Tel: (613) 774-9998</p>
<p>Michael Stangel<br />
President and Chief Executive Officer<br />
Advitech Inc.<br />
418-948-4084<br />
215-604-0631<br />
info@advitech.com</p>
<p><strong>Cautionary Statements:<br />
</strong>This news release contains forward-looking statements and information (“forward looking statements”) within the meaning of applicable securities laws relating to the proposal to complete the proposed plan of arrangement and associated transactions (including the private placement financing), including statements regarding the terms and conditions of the proposed plan of arrangement and associated transaction.  Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the proposed plan of arrangement and associated transactions, that the ultimate terms of the proposed plan of arrangement and associated transactions will differ from those that currently are contemplated, and that the proposed plan of arrangement and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law and neither Advitech nor Natunola does not undertakes any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.  The forward-looking statements contained in this document are expressly qualified by this cautionary statement.</p>
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		<title>Chromatin Announces Dual-Purpose Hybrid Sorghum For Sugar And Bioenergy Production</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/03/15/chromatin-announces-dual-purpose-hybrid-sorghum-for-sugar-and-bioenergy-production/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/03/15/chromatin-announces-dual-purpose-hybrid-sorghum-for-sugar-and-bioenergy-production/#comments</comments>
		<pubDate>Tue, 15 Mar 2011 00:00:34 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=700</guid>
		<description><![CDATA[Chromatin Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. 15 March 2011 – Chromatin Announces Dual-Purpose Hybrid Sorghum For Sugar And Bioenergy Production]]></description>
			<content:encoded><![CDATA[<p><em>Chromatin Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. </em></p>
<p><em> 15 March 2011</em> – <a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/07/Chromatin-032011.pdf">Chromatin Announces Dual-Purpose Hybrid Sorghum For Sugar And Bioenergy Production</a></p>
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		<title>Advanta US and Chromatin, Inc. Announce Commercial License Agreement for Sorghum Germplasm</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/03/08/advanta-us-and-chromatin-inc-announce-commercial-license-agreement-for-sorghum-germplasm/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/03/08/advanta-us-and-chromatin-inc-announce-commercial-license-agreement-for-sorghum-germplasm/#comments</comments>
		<pubDate>Tue, 08 Mar 2011 00:00:01 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=692</guid>
		<description><![CDATA[Chromatin, Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. 08 March 2011 – Advanta US and Chromatin, Inc. Announce Commercial License Agreement for Sorghum Germplas &#160;]]></description>
			<content:encoded><![CDATA[<p><em>Chromatin, Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc.</em></p>
<p><em>08 March 2011</em> – <a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/07/Chromatin-0311.pdf" target="_blank">Advanta US and Chromatin, Inc. Announce Commercial License Agreement for Sorghum Germplas</a></p>
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		<title>Avrio Ventures invests $2M in Biopharmacopae to further advance the commercialization of RIDOVIR™Cold and other product discoveries</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/02/22/avrio-ventures-invests-2m-in-biopharmacopae-to-further-advance-the-commercialization-of-ridovir%e2%84%a2cold-and-other-product-discoveries/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/02/22/avrio-ventures-invests-2m-in-biopharmacopae-to-further-advance-the-commercialization-of-ridovir%e2%84%a2cold-and-other-product-discoveries/#comments</comments>
		<pubDate>Tue, 22 Feb 2011 17:02:22 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

		<guid isPermaLink="false">http://www.kirchnerpcg.com/kirchnerimc/?p=607</guid>
		<description><![CDATA[Biopharmacopae Design International Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures. Quebec City, Quebec 21 February 2011 &#8211; Biopharmacopae Design International Inc. (&#8220;Biopharmacopae&#8221;), a company specialized in the discovery and development of innovative, science-based, plant-derived ingredients and products for the nutraceutical and cosmeceutical industries, <p>[<a href="http://www.kirchnerpcg.com/kirchnerimc/2011/02/22/avrio-ventures-invests-2m-in-biopharmacopae-to-further-advance-the-commercialization-of-ridovir%e2%84%a2cold-and-other-product-discoveries/">more</a>]</p>]]></description>
			<content:encoded><![CDATA[<p><em>Biopharmacopae Design International Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures.</em></p>
<p><em>Quebec City, Quebec 21 February 2011</em> &#8211; Biopharmacopae Design International Inc. (&#8220;Biopharmacopae&#8221;), a company specialized in the discovery and development of innovative, science-based, plant-derived ingredients and products for the nutraceutical and cosmeceutical industries, announced today that it has closed a $2 Million private financing round with Canadian venture capital firm Avrio Ventures. This second round of financing from Avrio Ventures confirms the company&#8217;s growth potential. The funds will contribute to further advance the commercialization of Biopharmacopae&#8217;s flagship product RIDOVIR™ Cold and its other discoveries in the Canadian and International markets.</p>
<p>Biopharmacopae recently launched RIDOVIR™ Cold, a new cough and cold natural health product in several Canadian pharmacies. In addition, the company joined forces with well-known pharmacist and health expert Jean-Yves Dionne. The company is currently expanding its presence in the market by establishing additional commercial agreements with other pharmacies and large retail stores. &#8220;Biopharmacopae holds a portfolio of extremely promising products with significant market potential, and their recent studies on the antiviral activity of their cough and cold natural health product, RIDOVIR™ Cold, are very encouraging, says Mr. Aki Georgacacos, Partner at Avrio Ventures. In addition, with the company&#8217;s expertise and recent discovery, Biopharmacopae is well-positioned within the industry to become a strategic partner for companies looking for innovative products with great market potential.&#8221;</p>
<p>&#8220;We have created a technology platform adapted to the discovery of new health benefits related to plants and this gives us a competitive advantage when it comes to developing innovative health and beauty solutions&#8221; explains Dr. Johane Guay, Ph.D., Biopharmacopae&#8217;s President and CEO. Dr. Guay stated that she is extremely grateful for Avrio&#8217;s financial support and business and industry-related knowledge. &#8220;The solidity of our partnership with Avrio as well as their expertise and support are great assets to the existing strengths of the company. Together, we are currently pursuing further clinical research studies and intensifying our commercial efforts for RIDOVIR™ Cold in Canada and on the export markets.&#8221;</p>
<p><strong>About Biopharmacopae</strong><br />
Biopharmacopae is a Canadian company known for the superior quality of its innovative plant-derived active ingredients and products. These products and ingredients are distributed through a worldwide network of partners recognized in the cosmetic and natural health product markets. The company develops and manufactures its products and active ingredients using a rigorous pharmaceutical approach that scientifically demonstrates their safety and efficacy. The company distinguishes itself with its original collection of over 15,000 plant extracts and with its exclusive technology platform, eXcelerate that allows for the rapid screening of thousands of plant extracts, highlighting their specific beneficial effects on human health. Biopharmacopae contributes to the advancement of science and improvement of the quality of life by developing natural products and ingredients that combine tradition and innovation.</p>
<p><strong>About Avrio Ventures Management Corporation</strong><br />
Avrio Ventures provides Canada&#8217;s promising industrial bioproducts, nutraceutical ingredients and food technology companies with the investment support and resources they need to succeed. With a collective 80 years of experience in Canada&#8217;s industrial life science venture capital sector through the successes of FCC Ventures, a division of Farm Credit Canada, and Kirchner Investment Management Corporation, the Avrio team is well equipped with deep, sector-specific knowledge. Also providing strategic guidance, operational skills and access to industry relationship&#8217;s the Avrio team is uniquely qualified to support an entrepreneurial industrial life sciences organization throughout its growth.</p>
<p><strong>About Mr Jean-Yves Dionne</strong><br />
Jean-Yves Dionne is a pharmacist, a scientific advisor and consultant in the natural health product (NHP) industry for several companies and professional groups. His research focuses on the interaction between NHPs and drugs as well as on conventional medicine and complementary or alternative medicine. He is the author or co-author of several books, including &#8220;Herbs, Everyday Reference for Health Professionals&#8221;.</p>
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		<title>AgraQuest and partners to introduce unique biofungicide for control of Black Sigatoka in Bananas</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/02/14/agraquest-and-partners-to-introduce-unique-biofungicide-for-control-of-black-sigatoka-in-bananas/</link>
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		<pubDate>Mon, 14 Feb 2011 00:00:50 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

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		<description><![CDATA[AgraQuest Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. 14 February 2011 – AgraQuest and partners to introduce unique biofungicide for control of Black Sigatoka in Bananas &#160;]]></description>
			<content:encoded><![CDATA[<p><em>AgraQuest Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc.</em></p>
<p><em>14 February 2011</em> – <a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/07/AgraQuest-022011.pdf">AgraQuest and partners to introduce unique biofungicide for control of Black Sigatoka in Bananas</a><a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/07/Chromatin-0311.pdf" target="_blank"></a></p>
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		<title>KDC and Botaneco collaborate to address needs of the USDA Organic Personal Care market</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/02/11/kdc-and-botaneco-collaborate-to-address-needs-of-the-usda-organic-personal-care-market/</link>
		<comments>http://www.kirchnerpcg.com/kirchnerimc/2011/02/11/kdc-and-botaneco-collaborate-to-address-needs-of-the-usda-organic-personal-care-market/#comments</comments>
		<pubDate>Fri, 11 Feb 2011 23:03:51 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

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		<description><![CDATA[Botaneco Specialty Ingredients Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures. Calgary, Alberta 9 February 2011 – Botaneco Specialty Ingredients Inc. (“Botaneco”) is pleased to announce a formal partnership with Knowlton Development Corporation (“KDC”), a leading contract manufacturer serving North America’s most recognized personal <p>[<a href="http://www.kirchnerpcg.com/kirchnerimc/2011/02/11/kdc-and-botaneco-collaborate-to-address-needs-of-the-usda-organic-personal-care-market/">more</a>]</p>]]></description>
			<content:encoded><![CDATA[<p><em> Botaneco Specialty Ingredients Inc. is a portfolio company of Avrio Ventures. Kirchner Investment Management Corporation is a general partner of Avrio Ventures.</em></p>
<p><em>Calgary, Alberta 9 February 2011</em> – Botaneco Specialty Ingredients Inc. (“Botaneco”) is pleased to announce a formal partnership with Knowlton Development Corporation (“KDC”), a leading contract manufacturer serving North America’s most recognized personal care brands. Resulting from investment by KDC and Botaneco, Botaneco is launching Hydresia® O — a USDA National Organic Program (NOP) certified emulsifier based on Botaneco’s proprietary Oleosome technology. As a Quality Assurance International (QAI) certified processor and handler of USDA Organic personal care products, KDC will be the exclusive manufacturer of Hydresia® O formulations in this category as pertaining to their strategic customer base of national brand owners.</p>
<p>“KDC is a natural partner for Botaneco in this venture &#8211; having continuously invested in the R&amp;D and manufacturing capabilities to develop and manufacture leading USDA-certified personal care products since 2009, they have the ability to take this category to the mass market. With this agreement Botaneco and KDC offer a joint turnkey solution that we anticipate will have a meaningful and innovative impact on the USDA NOP personal care market” stated Botaneco President and CEO Mike Stangel.</p>
<p>Oleosomes are isolated via physical processes, and are not chemically modified. As a result, they fall into a rare class of USDA organic eligible emulsifiers. Under the USDA NOP standards, chemical changes to a naturally occurring substance result in that substance being categorized as synthetic and ineligible for inclusion in certified organic products.</p>
<p>“One of the key formulation challenges for personal care companies looking to manufacture USDA organic personal care products is finding emulsifiers that allow them to achieve aesthetics on par with their current product offerings” added Dr. Jack Guth, VP R&amp;D, Botaneco. “As substantiated by KDC, Hydresia® O will address this market need.”</p>
<p>QAI has completed an evaluation of Botaneco’s operations and has certified its Calgary facility organic in accordance with USDA NOP regulations. Both KDC and Botaneco have been independently certified by QAI as USDA NOP processors and handlers.</p>
<p>“Organic certification was made possible by the strong quality system framework in place at the Calgary manufacturing facility. Botaneco will continue to execute on its defined control principles to deliver products that consistently meet customer expectations” said Mike Stangel.</p>
<p><strong>About Botaneco Specialty Ingredients Inc.</strong><br />
Botaneco is the global developer and marketer of innovative Oleosome-based ingredients to the personal care and OTC topical markets. As a technologically driven provider of high performance, proprietary ingredients, Botaneco is committed to developing innovative materials that offer multifunctional, tangible and documented benefits to both formulators and consumers. Botaneco’s head office and manufacturing facility is located in Calgary, Canada and its satellite office in Bensalem, PA. More information is available and can be accessed at <a href="http://www.botaneco.ca">www.botaneco.ca</a>.</p>
<p><strong>About KDC (Knowlton Development Corporation)</strong><br />
KDC (Knowlton Development Corporation), is a privately-owned holding company, and a growing force in the personal care contract manufacturing industry. Combining a dedicated market intelligence and innovation group, with several highly-scalable production facilities, KDC provides clients with the industry&#8217;s utmost service offering with over 1M square feet — and growing — of production and warehouse facilities. KDC&#8217;s growing family of companies includes LEKinc., TriTech Laboratories Inc., and Body Blue 2006 Inc. each offering optimal quality, value-engineered technologies and ultimate speed-to-market; key success factors for the industry&#8217;s top-500-listed companies.</p>
<p>For more on KDC (Knowlton Development Corporation) please visit their website at <a href="http://www.kdccompanies. com">www.kdccompanies. com</a>.</p>
<p><strong>For further information contact:</strong><br />
Botaneco Specialty Ingredients Inc.<br />
Mike Stangel<br />
President and CEO<br />
215-604-0631<br />
stangelm@botaneco.ca</p>
<p>Knowlton Development Corporation<br />
Ed Lobo<br />
Sales &amp; Business Development Manager<br />
416-640-1957 x248<br />
elobo@kdc-companies.com</p>
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		<title>Chromatin’s Yield Machine: is instant gene-stacking a game-changer for energy crops?</title>
		<link>http://www.kirchnerpcg.com/kirchnerimc/2011/01/19/chromatin%e2%80%99s-yield-machine-is-instant-gene-stacking-a-game-changer-for-energy-crops/</link>
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		<pubDate>Wed, 19 Jan 2011 00:00:23 +0000</pubDate>
		<dc:creator>Blair Kirchner</dc:creator>
				<category><![CDATA[Portfolio News]]></category>

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		<description><![CDATA[Chromatin, Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc. 19 January 2011 &#8211; Chromatin’s Yield Machine: is instant gene-stacking a game-changer for energy crops?]]></description>
			<content:encoded><![CDATA[<p><em>Chromatin, Inc. is a portfolio company of Foragen Technologies Management Inc. Kirchner Investment Management Corporation is a general partner of Foragen Technologies Management Inc.</em></p>
<p><em>19 January 2011</em> &#8211; <a href="http://www.kirchnerpcg.com/kirchnerimc/files/2011/03/Chromatin-012011.pdf" target="_blank">Chromatin’s Yield Machine: is instant gene-stacking a game-changer for energy crops?</a></p>
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