BioChem deal

BCHXF announced a public-private sector agreement to support its IAF BioVac subsidiary that will focus its vaccine business in Quebec.

Over a three-year period, BCHXF will provide C$10 million in equity to BioVac. The Caisse de depot et placement du Quebec, a portfolio manager for the pension funds of Canada's civil servants and other public organizations, will invest C$10 million in the project in exchange for a 25 percent stake in BioVac. BCHXF (Laval, Quebec) will maintain a 75 percent interest. ...