Viropro is specialized in the development and manufacturing of biopharmaceutical drugs.  We offer services to a wide array of pharmaceutical and biotechnology companies.  The company conducts operations through its subsidiaries, Viropro International Inc. (Montreal, Canada),
Biologics Process Development (Poway, CA) and Alpha Biologics (Cambridge, UK and Penang, Malaysia). 

Viropro focuses on process development and cGMP manufacturing services.  We have an international client base, from small and medium sized companies that are seeking assistance to get their new drug into clinical trials to large Pharma groups interested in biosimilars/biobetters or diversifying into novel biotech drugs.  Through our proprietary technologies and flexible business model, Viropro can offer cost-effective and timely solutions to the Biophrama industry from drug concept through to product manufacturing. 

Financial Statements are now available on the Investors page

 


 

 Management’s comments:

 March 21, 2012

Management wishes to update shareholders on current status of operations.

  • Financial Statements

In April 2011, management set out to complete the missing financial statements. Since then, it has successfully filed 4 quarters and a Year End in a span of 11 months. We are now however working on completing the Financial Statements for Q3 2011, the first statements to incorporate the Alpha Biologics figures. It is once again taking longer than expected to consolidate because it is the first such consolidation. Same thing happened with the June 30, 2010 with the BPD acquisition.

Whereas at the time, consolidating the BPD numbers proved longer because all prior accounting had been prepared on a cash basis, this time, the Alpha numbers are on accrual basis but produced according to IFRS and need translation to GAAP. This matter will be resolved shortly and once it is processed, normal flow of financials will resume.

  • Financing

There again, given market regulation, disclosures on this topic need be limited until such financings are closed.

It is however of public knowledge, and it has been disclosed in financial reports that the Company is implementing a business plan that will require funding until such time as all acquisitions have been completed and cash flow turns positive.

  • Spectrum agreement

Under the Letter of Agreement dated January 2011, Viropro is strictly prohibited from commenting on development. Management has however informed Spectrum of its need to inform stockholders and it has been agreed that such information will be made public when it will be deemed appropriate.

In the meantime, management refers you to such publicly available information as:

In Vivo November 2011 Report:

http://www.elsevierbi.com/publications/in-vivo/29/10/biosimilars-a-new-kind-of-innovation

This is an expensive report but it highlights in its table the Spectrum and Viropro agreement.

Spectrum Pharmaceuticals - 10-K filing for December 31, 2011 (filed March 2, 2012)

http://www.sec.gov/Archives/edgar/data/831547/000119312512094639/d286923d10k.htm

pages 5, 6 and 58.

Biotek

Tech Resources Presentation:

Improving Cell-Mediated Cytotoxicity Assessment through the Use of an Automated Luminescent ADCC Assay

(posted February 8, 2012)

http://www.biotek.com/resources/articles/cell-meditated-cytotoxicity-luminescent-adcc-assay.html

  • Updates and PRs

Several stockholders have indicated that they would appreciate more regular updates and PRs. Management agrees with the principle and will always disclose publicly all material information either through PRs or 8-K Statements. Quarterly financials including Management’s Discussion and Analysis have been issued frequently as of late through the filings of 10-Qs; last update therefore goes back to February 16, 2012 and it detailed subsequent events till the time of filing.

Management will use a very conservative approach to news and update dissemination. To this end, a communication plan will be implemented as soon as return to full disclosure is attained.

Management’s comments do not replace or substitute for press releases and they cannot be interpreted as expressing the views and comments of the Board of Directors.

 


 

 Monday, February 13, 2012

Viropro's first comments on the FDA's Guidance for Industry on Biosimilars Development

Last Thursday, the FDA published  draft guidance documents on scientific and quality considerations for companies developing biosimilar products.  Viropro’s senior management is pleased with the draft guidance.  We feel the Agency has adopted a balanced approach to biosimilar development that will serve the best interest of patients and payers alike.  The emphasis placed on strong analytical data and product characterization will bring healthy competition to the current products that have or will soon lose patent protection.  Furthermore, the requirements outlined in the FDA’s draft guidance documents correspond with Viropro’s technical strengths.  We see this as a step forward for our ongoing and planned biosimilars projects.  The clarity brought by these publications should facilitate Viropro's continued development of strong partnerships that will give greater options and more affordable life saving drugs to patients. 

 

 


 Monday, February 8, 2012

In light of yesterday’s trading in the shares of the Company, Management would like to comment on the current state of operations:

-          Return to full disclosure status remains a priority and to this effect, management expects to file before the end of the current month the 10-Q form for Quarter 2 and 3 of 2011. These are the only two remaining forms to be filed to resume full disclosure status.

-          Company is still involved with Spectrum Pharmaceuticals as per the Press Release of January 2011 however, as per the agreement, it cannot disclose any information to public for the time being.

-          Company is still focused on implementing its award winning business plan and a public announcement updating the investment community will be produced shortly.

Management is not aware of a particular event that produced yesterday’s trading activity.

 


 

 Click here for Gilford Securities' report on Viropro Inc.

Click here for Viropro’s Fact Sheet

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