Calgary Company to Convert Oil Seed into Protein.* CANADA Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of : A Calgary-based biotechnology company has received $16.5 million in financing to develop methods to turn oilseed oilseed the seeds of the linseed plant, rapeseed or canola, peanut, safflower (Carthamus tinctorius); biproduct oils from seeds include corn, grapeseed, olive, sesame, sunflower. plants into protein factories. The financing is among the largest to date for SemBioSys Genetics SemBioSys Genetics Inc. (TSX: SBS) is a biotechnology company focussed on developing pharmaceutical proteins, industrial reagents, food additives, protein-purification technologies and drug-delivery systems that take advantage of the company’s proprietary oilbody/oleosin , Inc. and includes $7.5 million investment from Bay City Capital, a San Francisco-based investment group that focuses on life sciences. The company is expected to use the financing to push its technology into two markets: molecular farming and the cosmeceutical cos·me·ceu·ti·cal n. A cosmetic that has or is purported to have medicinal properties. segment of the personal care industry. SemBioSys, founded in 1994, grew out of work done at the University of Calgary by company founder and biology professor Maurice Moloney. |
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