Noteworthy Bellini, the hunter, with cash

BioChem Pharma Inc. is one among several companies that recently have raised large warchests through the public equity markets. But money needs to be put to work - left idle, it doesn't do much except provide reassurance against a rainy day.

BCHXF plans to use its cash for acquisitions of products, technology and companies. The Laval, Quebec, company had C$48.8 million in the bank at Sept. 30 and raised US$183.1 million in a February follow-on offering of 4 million shares priced at $45.50, including $23.9 million in overallotments announced last week.