Drug Royalty eyes healthy returns

Article Abstract:

Drug Royalty Corporation Inc. is implementing an investment plan that is anticipated to improve sustainable royalty revenue to C$20 million from C$3.3 million within two years. The company has accumulated a C$53-million investment portfolio and has prepared an aggressive plan to invest another C$150 million into the global pharmaceutical sector over the following two years. Revenue from royalty in 1998 will reach C$6 million to C$7 million without additional investments. Ian Lennox, president and CEO of Drug Royalty, said that the company's strategy has shifted focus to larger pharmaceutical brand names that are commercialized or near commercialization.

Comment:

Is implementing investment plan that is anticipated to raise sustainable royalty revenue to C$20 mil from C$3.3 mil in two years

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), Royalty Investors, Drug Royalty Corporation Inc.

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IcePro shoots to score as one-stop rink supplier

Article Abstract:

Medical imaging systems developer Xillix Technologies Corp of Richmond, British Columbia, has announced that it is eliminating 40 professional and support positions or 80% of its work force to cut costs. The company said that it needed the cash to finance its patent suit against joint venture partner Olympus Optical Co Ltd of Japan. The company has sued Olympus for alleged secret filing of patents which are competitive with those of Xillix. The layoffs would leave Xillix with a core group of research engineers, technologists and a three-man management staff.

Labor force information, Electromedical and Electrotherapeutic Apparatus Manufacturing, Sporting and Athletic Goods Manufacturing, Sporting & Athletic Goods, Medical Imaging & Scanning, Sporting goods, Medical imaging equipment, IcePro International Inc., Xillix Technologies Corp.

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First Place Tower pursues new debt plan

Article Abstract:

First Place Tower Inc. Chairman and CEO John Newman said the company will continue pursuing a recapitalization plan designed to enhance shareholder value. Under the plan, C$143 million of 9.22% first mortgage bonds and C$86 million of debentures will be recapitalized. Newman said a number of obstacles have delayed the implementation of the plan, but he could not comment on the issue due to securities regulations. First Place Tower owns First Canadian Place, an office and retail landmark in downtown Toronto, Ontario.

Comment:

Will continue pursuing a recapitalization plan designed to enhance shareholder value

Lessors of Nonresidential Bldgs, Lessors of Nonresidential Buildings (except Miniwarehouses), Commercial building landlords, First Place Tower Inc.

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