FendX Technologies (CSE: FNDX) is a Canada-based nanotechnology company focused on developing products to make people's lives safer by reducing the spread of pathogens. Their first product under development, REPELWRAP™ film, is a protective surface coating film that, due to its repelling properties, prevents adhesion of pathogens and reduces their transmission on surfaces prone to contamination. The Company is conducting research and development activities using its nanotechnology in collaboration with industry-leading partners including McMaster University. The Company has an exclusive worldwide license to its technology, including an IP portfolio, from McMaster.
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FendX is backed by Canaccord Capital Markets, one of Canada’s leading global investment banks with healthcare sector expertise. Strong financial backing helps to position FendX to continue to develop its nanotechnology platform (see anticipated catalysts section below). Like many of the companies that MedicalGold covers, FendX is an early-stage company with proof-of-concept technology that is preparing for imminent growth.
With yesterdy's news, FendX announced that it has signed a development stage agreement with Dunmore International Corp., a Steel Partners Holdings L.P. (NYSE:SPLP) operating company, to provide their engineering expertise to scale-up FendX’s REPELWRAP™ film to create intermediate-sized prototype films for testing.
Dr. Carolyn Myers, CEO says this is an important milestone as they have successfully completed testing of a lab prototype with McMaster University and are now ready to transfer the process of making REPELWRAP™ film to Dunmore to continue with their prototype development milestones as a first step to assessing and creating an automated manufacturing process.
“We have successfully completed testing a lab prototype with McMaster University and are now ready to transfer the process for making REPELWRAP™ film to Dunmore to continue with our prototype development milestones to create larger versions of REPELWRAP™ film. The engagement of Dunmore is an important milestone for us as this is the first step to assessing and creating an automated manufacturing process. We look forward to continuing to execute on our scale-up and development milestones with highly experienced collaborators and are excited to work with an experienced manufacturer such as Dunmore. We are committed to the further development and testing of REPELWRAP™ film, with the intention of developing a commercial product. Leveraging our robust patent portfolio and nanotechnology, the Company also plans to research and develop a pipeline of other products to contribute to the global effort to reduce the spread of pathogens.”
FendX has a tight free trading float due to the fact that ~70% of the common shares are currently subject to escrow and voluntary pooling restrictions.
FendX has assembled an all-star management team with deep industry expertise in developing life sciences businesses, raising capital in the public markets, and pharmaceutical marketing and sales. Their CEO is an accomplished geneticist from the University of British Columbia who developed her business savvy skillset from her broad commercial and business development experience in the pharmaceutical industry and from attending the Rutgers Executive MBA program. She is supported by a COO with extensive sales knowledge in biotech, and a CFO who led Wolverton Securities’ corporate finance and syndication department for 19 years. Detailed biographies below.
Dr. Carolyn Myers, MBA, PhD
President, Chief Executive Officer and Director
Dr. Carolyn Myers is an accomplished senior executive with extensive experience creating, growing, and leading healthcare businesses. Dr. Myers is currently CEO of FendX Technologies Inc. She is also a Principal of BioEnsemble LLC, where she works closely with numerous start-ups and small pharma companies to assist them in developing their business strategy and planning. Her previous executive positions include Vice President International Business Development and Alliance Management at Allergan PLC, President of Dey Laboratories and President of Mylan Technologies Inc. Prior to serving in these roles, Dr. Myers served in various management positions in sales and marketing at Pharmacia Corporation., now a part of Pfizer, Inc. Dr. Myers is also a director at Mayne Pharma Group Ltd. and Hyloris Pharmaceuticals SA, both publicly listed companies. She earned her PhD in genetics from the University of British Columbia and her MBA from Rutgers University.
Andrea Mulder, BPHE, MBA
Chief Operating Officer
Andrea Mulder is an accomplished senior commercial healthcare executive with extensive sales and marketing experience leading launch strategies at leading pharmaceutical and biotechnology corporations in Canada. Andrea Mulder is COO of FendX Technologies Inc. She has significant therapeutic knowledge across multiple therapeutic areas including infectious disease, immunology, neurology, respiratory and oncology and has been an active member of Global and Canadian leadership/ commercial teams at: Eisai Canada, Ipsen, GlaxoSmithKline, Roche, Johnson and Johnson and Pfizer. Andrea Mulder earned her degree at the University of Toronto in Health Sciences-Kinesiology and her EMBA in Global Leadership at the University of Fredericton, Canada.
Rose Zanic, CPA, CA
Chief Financial Officer
Rose Zanic has over 25 years’ of capital markets and corporate finance expertise. She is a self-employed corporate finance professional with significant experience advising Canadian public companies with financing, M&A transactions and providing public company administration. She previously spent 19 years with Wolverton Securities Ltd. where she was Senior Vice-President, Corporate Finance in charge of that firm’s corporate finance and syndication departments.
Ms. Zanic holds a CPA, CA designation and received a Bachelor of Commerce degree from the University of British Columbia. She currently is a director and/or officer of several Canadian publicly listed companies and is also a member of the TSX Venture Exchange BC Local Advisory Committee.
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