BusinessWeek Logo
November 23, 2009 12:06 PM ET

Sernova Corp

(PHS:Berlin Stock Exchange)

LAST €0.05 EUR
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:37 AM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Sernova Corp (PHS)

OPEN
€0.05
PREVIOUS CLOSE
€0.05
DAY HIGH
€0.05
DAY LOW
€0.05
52 WEEK HIGH
08/5/09 - €0.17
52 WEEK LOW
03/6/09 - €0.0090
MARKET CAP
3.6M
AVERAGE VOLUME 3 mo
0.0
DILUTED EPS TTM
--
SHARES OUTSTANDING
70.8M
PHS Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

PHS Details

Sernova Corp., a health sciences company, engages in the research and development activities in the biotechnology sector in Canada. The company focuses on the commercialization of medical technologies. Its lead project includes Sertolin, a cellular therapy for reversing insulin dependent diabetes through transplanted pig islet and Sertoli cells. The islet cells produce insulin that is compatible with human bodies, while the Sertoli cells protect the islet cells from attack by the person's immune system. The company has the exclusive right to the patents and associated intellectual property for the therapeutic use of Sertoli cells primarily in the United States and Canada. Sernova Corp. was formerly known as Pheromone Sciences Corporation and changed its name to Sernova Corp. in September 2006. Sernova Corp. was founded in 1992 and is headquartered in London, Canada.

Founded in 1992

PHS Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$8.0K
Compensation as of Fiscal Year 2008.

Key developments for Sernova Corp (PHS)

Sernova Corp. Appoints Hans Mader to the Corporation's Business Advisory Board

Sernova Corp. announced the appointment of Mr. Hans Mader to the Corporation's Business advisory board. During his distinguished career, Mader has held senior positions with major pharmaceutical companies including president and CEO of Sandoz/Novartis Pharmaceuticals Inc. Canada and Head of Global Marketing Services, Novartis Pharmaceuticals Inc. where he was responsible for implementing global marketing services and creation of global brand strategy for Novartis' multi-billion dollar product portfolio. Mr. Mader was instrumental in establishing the Cal Stiller-Novartis Research Chair in xenotransplantation at the University of Western Ontario during his tenure at Novartis. More recently, Mader served as president and CEO of Procyon Biopharma Inc.

Sernova Corp. Announces Board Changes

Sernova Corp. announced a change in appointment of Dr. Annemarie Moseley from the Business Advisory Board to the Board of Directors, and a change in appointment of Mr. Devindar Randhawa from the Board of Directors to the Business Advisory Board. The appointment of Dr. Moseley is subject to regulatory approval.

Sernova Corp. Announces Presentation of Its Cell Pouch System(TM) and Sertolin(TM) Preclinical Efficacy at International Islet Transplant Conference

Sernova Corp. announced to provide a summary of results of islet transplantation studies related to its Cell Pouch System(TM) and Sertolin(TM) technologies presented at the joint conference of the International Pancreas and Islet Transplant Association and the International Xenotransplantation Association held in Venice, Italy from October 12 to 16. The company's scientists presented seven abstracts, three of which were highlighted in oral presentations. These data serve to validate the efficacy of the company's prototype proprietary Cell Pouch System(TM) and Sertolin(TM) technologies in vivo. The Cell Pouch System(TM) is a revolutionary improvement over the current practice of injecting cells into blood vessels. It is a chamber which becomes a vascularised organ-like structure when placed in the body and provides the microcirculation essential to early function and long-term survival of cells. The first application is diabetes where the Cell Pouch System(TM) for islet transplantation is expected to prevent the instant blood-mediated inflammatory reaction (IBMIR) believed to rapidly destroy over 90% of implanted islets placed into the portal vein and eliminate islet-induced blood clotting and liver thrombosis. Overall the data presented provide in vivo validation of the company's Cell Pouch System(TM) for cell transplantation and has aided in the design and manufacture of a human-scaled device which is currently being tested in a large animal model of diabetes. The National Research Council of Canada is providing the company with a financial contribution of up to $486,000 to support these studies. The company's Sertolin(TM) technology is a novel combination therapy using Sertoli cells to provide an immune-protected environment for cell transplant which may reduce or eliminate the need for immunosuppressant agents. The company reported that without immuno suppressive drugs, diabetic rats transplanted with porcine islets showed a strong IgG-mediated rejection of islets which were completely destroyed by the 14 day evaluation time point. To eliminate or reduce the dose of toxic immunosuppressant agents, porcine Sertoli cells known to naturally protect sperm cells from immune attack were co-transplanted with porcine islets into the kidney capsule. It was shown that the co-transplant using Sertoli cells from sexually mature porcine and porcine islets significantly inhibited the IgG immune response with islets showing long-term robust production of insulin at 70 and 180 days post-implantation. The improvement was attributed in part to a 12-15 fold increase in Fas-L which is thought to protect the islets long-term against lymphocyte invasion. In vivo studies using the prototype Cell Pouch System(TM) device in combination with Sertolin(TM) technology demonstrated that the device becomes incorporated with a collagen matrix when placed under the skin or the omentum of rats and becomes well-vascularised as assessed by microvessel staining, thus validating several key features of the device. These results demonstrate that the company's Cell Pouch System(TM) and Sertolin(TM) technologies meet the criteria for long-term protection of islets in this immune-competent animal model of diabetes.

Stock Quotes

Company Lookup
Recently Viewed
PHS (DE) €0.05 EUR 0.00
SNX $29.45 USD +0.20
UNTD $7.40 USD +0.13
OVRL $0.82 USD +0.0201
ASH $36.65 USD +0.96

Market data is delayed at least 20 minutes.

PHS Competitors

Company Last Change
No competitor information is available for PHS.
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation PHS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales NM Not Meaningful
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

PHS

 | 

PHS transactions

Type
Date
Target
Private Placement
October 7, 2009
--
View More PHS Transactions...

Companies Toolbox

Company Tools
Investing Tools

SEARCH FOR JOBS

Post a Job
See all Job Listings

Jobs by SimplyHired



Close Recommend A Data Enhancement Or Correction

For Sernova Corp (PHS) Snapshot

Submitting this data update / error report instantly puts the correct information in the hands of our researcher, who will investigate your report and, if necessary, make the changes to the company profile. Be sure to fill out the form completely.

Required Information Missing - Please enter your information in the following field(s):
DATA TO BE REVIEWED
Page Section*

Please indicate in which section the error appears. Section headers are in light gray type at the top of each CIC page module.

Data Point*

Please indicate which data is in error.

CONTACT INFORMATION

Please provide your name and email address in case our researchers need to get in touch with you as they investigate the error.

Your Name*
Your E-Mail Address*
YOUR RECOMMENDATION

Describe why you feel the data point is incorrect and indicate sources our researchers should check when they investigate the error.

Cancel Submit
You can drag this form within your browser window.

Thank you for submitting your information. We investigate data update requests and error reports as quickly as possible. Since some are easier to investigate than others, please be patient as we perform our research; it could take several weeks, depending on the nature of the error and whether your company is public or private.

You can drag this form within your browser window.