IMV Preps for 2 Phase 2B Trials

IMV, the Dartmouth-based drug discovery company, is planning two Phase 2B trials in the coming months that it hopes will be key steps in bringing its lead compound DPX-Survivac to the market in a few years.

Though its shares have been languishing lately, the company has added key staff members after reporting good results on clinical trials for Survivac in December and is proceeding with further

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Quebec’s Oneka Plans NS Base

Sherbrooke, Que,-based Oneka Technologies has raised $5.5 million in a round of equity and non-dilutive funding led by Nova Scotia venture capital Crown corporation Innovacorp, and plans to establish a base in Atlantic Canada.

Founded in 2015 by mechanical engineer Dragan Tutic, Oneka manufactures wave-powered seawater desalination systems housed inside autonomous buoys. The company started as a

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Planet Hatch Readies Entrepreneurship Training

Fredericton Entrepreneurship hub Planet Hatch has bagged $164,000 in federal funding to expand its job training service, the Future of Work Skills Program.

The money will be provided by the federal government’s Future Skills Centre, which was created to retrain workers for the digital economy. Planet Hatch is one of 64 organizations chosen to administer the centre’s new initiative,

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Swarmio Listing Spurred by Venture Gap

When video game technology company Swarmio Media filed a prospectus last month to go public on the Canadian Securities Exchange, it bucked convention by tapping public markets at a much earlier stage than most companies.

Now, CEO Vijai Karthigesu says the move was spurred by a growing appetite for small-cap stocks from Canadian investors and a dearth of Series A venture capital funding.

Swarmio

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PEI Bio Sector Aims for 4X Growth

The PEI BioAlliance has released its 2021-25 Strategic Plan, setting in motion its plan to almost quadruple private sector revenue in the Island’s bioscience cluster to $1 billion within nine years.

Now 16 years old, the BioAlliance is a collaborative organization that harnesses the talents of the private sector, government and academia to develop a thriving bioscience sector on P.E.I.

Within

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NS To Cut Regulation in Business

The Nova Scotia government’s Economic Growth Council has issued its first set of recommendations, which focus on reducing the regulatory burden and treating housing as a strategic growth sector.

The provincial government released the 16 recommendations on Wednesday, saying that it has accepted all but one.

In an interview, Council Chair Scott Brison said the council recognizes the role

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Meta Readies Commercial Plant for 2022

Metamaterial Inc., the Dartmouth-based advanced materials developer that last week became Atlantic Canada’s first publicly traded unicorn, said on an investor call Tuesday that it expects to complete its first commercial production facility in the first half of 2022.

Meta achieved unicorn status thanks to a reverse listing on the Nasdaq that left it with a market cap of more than C$2.7 billion.

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