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Byline: SEAN SILCOFF; Staff Kinaxis Inc. has hired investment banker Goldman Sachs to advise the company on maximizing shareholder value after recent challenges at the Ottawa software company that have [...]

Activist investor says current strategic course is ‘irresponsible,’ calls for company to consider sale process, Kinaxis Inc. https://www.theglobeandmail.com/investing/markets/stocks/KXS-T/ has hired investment banker Goldman Sachs to advise the company on maximizing shareholder value after recent challenges at the Ottawa software company that have weighed on the [...]

The promise of AI in drug development gets a big reality check, For the best listening experience and to never miss an episode, subscribe to The Decibel on your favourite podcast app or platform: Apple Podcasts, Spotify, Amazon Music, iHeartRadio, Pocket Casts [...]

Former chairman Tyler Proud can still pursue other options to push for his nominee’s ouster, An Ontario Superior Court judge has complicated, but not blocked, efforts by ex-Dye & Durham Ltd. https://www.theglobeandmail.com/investing/markets/stocks/DND-T/ chairman Tyler Proud to remove his nominee to the board. Justice Michael Penny [...]

Radiant Biotherapeutics raises $35-million from Bill and Melinda Gates Foundation and Amplitude Ventures, A spinout from Toronto’s Hospital for Sick Children that aims to treat cancer, HIV and other complex diseases with a new type of supercharged, antibody-laden molecule has raised $35-million in [...]

Byline: SEAN SILCOFF; Staff A spinout from Toronto's Hospital for Sick Children that aims to treat cancer, HIV and other complex diseases with a new type of supercharged, antibody-laden molecule [...]

Byline: JOE CASTALDO, SEAN SILCOFF In 2019, Deep Genomics announced it had discovered a treatment for a rare condition called Wilson disease, which is fatal if not addressed. For the [...]

One of the promises of machine learning was better drugs, faster. A decade in, that has yet to happen, In 2019, Deep Genomics announced it had discovered a treatment for a rare condition called Wilson disease, which is fatal if not addressed. For the afflicted, copper accumulates in their [...]

The investor letter comes as the software company faces a court judgment that could lead to a board overhaul, An activist hedge fund pushing for governance changes at Toronto-based Dye & Durham Ltd. https://www.theglobeandmail.com/investing/markets/stocks/DND-T has ripped into the heavily indebted legal software company after it made two acquisitions, calling [...]

Byline: SEAN SILCOFF; Staff Online tutoring company Paper Education Co. Inc. has cut its entire Canadian tutor work force, affecting hundreds of people, weeks after laying off nearly half its [...]

Parinaz Sobhani is the former head of AI at Georgian Partners, Canada’s largest venture capital firm, Alternative asset manager Sagard Holdings Inc. has hired its first head of artificial intelligence as the private capital unit of Power Corp. of Canada https://www.theglobeandmail.com/investing/markets/stocks/POW-T/ continues its expansion in the [...]

The Montreal company, which became one of Canada’s tech darlings during the pandemic, ‘never adjusted our tutor workforce’ after demand decreased following the pandemic, interim CEO Rich Yang said in a message to employees, Online tutoring company Paper Education Co. Inc. has cut its entire Canadian tutor work force, affecting hundreds of people, weeks after laying off https://www.theglobeandmail.com/business/article-softbank-backed-tutor-by-text-service-paper-cuts-45-of-head-office/. The Montreal-based company, which became one [...]

Byline: SEAN SILCOFF, CLARE O'HARA Alternative asset manager Sagard Holdings Inc. has hired its first head of artificial intelligence as the private capital unit of Power Corp. of Canada continues [...]

Byline: SEAN SILCOFF; Staff Kinaxis Inc. stock sold off sharply Wednesday after the company announced the surprise departures of its chief executive officer and chief sales officer. Shares of the [...]

John Sicard to retire from top job at end of 2024 after 30 years with supply-chain software company, Kinaxis Inc. stock sold off sharply Wednesday after the company announced the surprise departures of its chief executive officer and chief sales officer. Shares of the Ottawa-based supply-chain management software [...]

Court filings reveal the extent of the battle over selections for positions on the company’s board of directors, A court battle pitting the two brothers behind Dye & Durham Ltd.https://www.theglobeandmail.com/investing/markets/stocks/DND-T/ against one another has exposed broad discontent among institutional shareholders toward the real estate software company dating to [...]

‘Now is the right time’ for change as company looks to double revenues to $1-billion, chairman says, Kinaxis Inc.’s https://www.theglobeandmail.com/investing/markets/stocks/KXS-T/ chief executive officer and chief sales officer are departing as the Ottawa-based software vendor contends with sluggish revenue growth. Kinaxis said Tuesday John Sicard will retire at [...]

Byline: SEAN SILCOFF; Staff A former BlackBerry Ltd. executive suing the company and CEO John Giamatteo for sexual harassment, discrimination and wrongful termination is continuing her legal pursuit under her [...]

Amended claim for sexual harassment, discrimination and wrongful termination filed this week, A former BlackBerry Ltd. https://www.theglobeandmail.com/investing/markets/stocks/BB-T/ executive suing the company and CEO John Giamatteo for sexual harassment, discrimination and wrongful termination is continuing her legal pursuit under her real name. Neelam [...]

Group behind one of biggest Canadian biotech takeovers unveils latest addition to Vancouver’s teeming life sciences sector, The group behind one of the biggest takeovers in Canadian biotech has teamed up again to launch the latest addition to https://www.theglobeandmail.com/business/article-vancouver-biotech-startups-medicine-pharmaceuticals/ San Francisco-based Versant Ventures and Swiss pharma giant [...]

Byline: SEAN SILCOFF; Staff The group behind one of the biggest takeovers in Canadian biotech has teamed up again to launch the latest addition to Vancouver's teeming life-sciences sector. San [...]

Byline: SEAN SILCOFF; Staff The parent of Canadian online auto marketplace AutoTrader has traded hands again. German auto marketplace operator AutoScout24 GmbH, which is majority owned by private equity firm [...]

Toronto-based Trader Corp. bought by Germany’s AutoScout24, controlled by Hellman & Friedman, The parent of Canadian online auto marketplace AutoTrader has traded hands again. German auto marketplace operator AutoScout24 GmbH, which is majority owned by private equity firm Hellman & Friedman, has [...]

Byline: SEAN SILCOFF; Staff Online tutoring company Paper Education Co. Inc. has cut nearly half its head-office staff and replaced CEO and co-founder Philip Cutler as it contends with multiple [...]

Byline: SEAN SILCOFF; Staff Nuvei Corp. listed publicly during a wave of 20 technology initial public offerings on the Toronto Stock Exchange in the 2020-21 COVID-19 tech bubble. The Montreal [...]

Byline: SEAN SILCOFF; Staff MDA Space Ltd. stock rose Thursday after the space equipment company reported better-than-expected second-quarter results and increased its guidance for the year. The Brampton-based company reported [...]

Byline: SEAN SILCOFF; Staff Shopify Inc. reported earnings and guidance Wednesday that doused skepticism about its revenue and profit growth at a time of heightened economic uncertainty, driving the stock [...]

Byline: SEAN SILCOFF, JEFFREY JONES A carbon-reduction startup created by one of Canada's most successful technology entrepreneurs has unveiled its first three projects to capture climatewarming greenhouse gas from the [...]

Byline: SEAN SILCOFF; Staff Open Text Corp. stock sank Friday after the company pulled back from its long-held strategy of growing by acquisitions to focus instead on giving more money [...]

Byline: SEAN SILCOFF; Staff Lightspeed Commerce Inc. is pledging to sharply increase its subdued pace of customer and subscription growth in the second half of its fiscal year after delivering [...]

Byline: SEAN SILCOFF; Staff BlackBerry Ltd. chief financial officer Steve Rai has left the company, the latest in a series of high-level exits by loyalists of former chief executive officer [...]

Byline: SEAN SILCOFF; Staff Jack Newton and Rian Gauvreau thought they could build a nice little technology company on their own to adequately fund their lifestyles. Then German angel investor [...]

Byline: SEAN SILCOFF; Staff A growing rift that pits the two brothers behind Dye & Durham Ltd. against each other has escalated into a nasty court battle as the legal [...]

Byline: SEAN SILCOFF; Staff It was supposed to be a basic content update, the kind of digital missive that software companies routinely send to customers to provide the latest features [...]

The federal and B.C. governments are providing $72.75-million to a University of British Columbia spinoff that 3-D prints live tissue implants, the latest in a string of taxpayer-funded contributions to [...]

Byline: SEAN SILCOFF; Staff Dye & Durham Corp. has another unhappy investor pushing for changes to its board and strategic direction: the chief executive officer's brother. The Toronto legal software [...]

Analysts are optimistic the company can revive sluggish growth after upbeat conference, John Sicard bursts past a rock ‘n’ roll band onto a stage at a Miami resort, dressed in jeans and a black T-shirt bearing a slogan that reads, “Tame complexity. [...]

Byline: SEAN SILCOFF; Staff John Sicard bursts past a rock 'n' roll band onto a stage at a Miami resort, dressed in jeans and a black T-shirt bearing a slogan [...]

Byline: SEAN SILCOFF; Staff The Caisse de dépôt et placement du Québec has earned a windfall profit by selling its stake in Canadian data-centre consolidator eStruxture Data Centers Inc. as [...]

Fengate Asset Management is leading a consortium buying $1.5-billion of stock from other investors including the Caisse’s entire position, The Caisse de dépôt et placement du Québec has earned a windfall profit by selling its stake in Canadian data-centre consolidator eStruxture Data Centers Inc. as part of a $1.8-billion [...]

Byline: SEAN SILCOFF, JOE CASTALDO Toronto semi-conductor startup Untether AI Corp. is gearing up for a big push into the AI market with the launch of a new chip, backed [...]

Byline: SEAN SILCOFF; Staff TECHNOLOGY REPORTER As the federal government presses pension funds to invest more at home, wealthy Canadians and family offices are increasingly backing domestic startups and venture [...]

Byline: SEAN SILCOFF; Staff As stocks of digital companies crashed in the fall of 2021, Jean-François Côté realized it wasn't the best time to take his advertising technology company, Sharethrough [...]

Byline: SEAN SILCOFF, JAMESON BERKOW Copperleaf Technologies Inc. has agreed to a $1-billion takeover by IFS AB, making it the ninth out of 20 tech companies to reverse course after [...]

Byline: SEAN SILCOFF; Staff BlackBerry Ltd. has asked a court to throw out some claims by a former female executive suing the company and CEO John Giamatteo for sexual harassment, [...]

Byline: SEAN SILCOFF; Staff MaRS Discovery District has slashed its senior ranks and is resetting its business model as one of Canada's largest innovation support organizations heads into a potential [...]

Byline: SEAN SILCOFF; Staff Swiss pharma giant Novartis AG has struck a deal with Vancouver medical device maker Clarius Mobile Health Corp. to put hundreds of its wireless handheld ultrasound [...]

Byline: SEAN SILCOFF; Staff Hedge fund Engine Capital LP has stepped up its activist campaign against Dye & Durham Ltd., laying out its case for the first time publicly Thursday [...]

Byline: IRENE GALEA, SEAN SILCOFF Ottawa's proposed increase to capital-gains taxes will have a chilling effect on the innovation economy and impede investment and risk-taking, technology industry leaders say. The [...]

Searchlight generates about $150-million in annual revenue with 90 per cent of its sales in Canada, Apotex Inc. has bought fast-growing specialty pharmaceutical supplier Searchlight Pharma Inc., a significant shift by the generic drug powerhouse to diversify its business ahead of an expected initial public offering. [...]