BioSyent Inc.

TSX VENTURE : RX


BioSyent Inc.

December 18, 2012 17:59 ET

BioSyent Announces Issue Of Stock Options

MISSISSAUGA, ONTARIO--(Marketwire - Dec. 18, 2012) - BioSyent Inc. ("BioSyent", the "Company") (TSX VENTURE:RX) announces the grant of 40,000 stock options to certain Officers, Employees and Directors of the Company. These newly issued incentive stock options are exercisable at a price of $0.91 up to December 18, 2017.

As at the date of this press release the Company had 13,271,195 shares issued and outstanding.

For a direct market quote (15 minutes delay) for the TSX Venture Exchange and other Company financial information please visit www.tmxmoney.com.

BioSyent Inc. continues to concentrate on its pharmaceutical strategy to source products that have been successfully developed and proven to be safe and effective; manage these products through the regulatory process and product registration (approval); and once approved, market these products in Canada. The Company is focused on medications that occupy a niche in the market, that are unique either due to complexity of manufacture or provide novel technological or therapeutic advantages, or that are backed by strong partners holding intellectual property rights that are defendable. This strategy allows the Company to market these medications as brands owned by, or licensed to, it.

BioSyent Inc. is a publicly traded specialty pharmaceutical company whose wholly owned subsidiary, BioSyent Pharma Inc., sources, acquires or in-licences pharmaceutical products and markets these products in Canada. Wholly owned BioSyent subsidiary Hedley Technologies Ltd. operates the company's legacy business marketing bio and health friendly non-chemical insecticides. BioSyent common shares are listed for trading on the TSX Venture Exchange (TSXV) under the symbol RX.

This press release may contain information or statements that are forward-looking. The contents herein represent our judgment, as at the release date, and are subject to risks and uncertainties that may cause actual results or outcomes to be materially different from the forward-looking information or statements. Potential risks may include, but are not limited to, those associated with clinical trials, product development, future revenue, operations, profitability and obtaining regulatory approvals.

The TSX Venture Exchange assumes no responsibility for the accuracy of this release and neither approves nor disapproves of same.

Contact Information

  • BioSyent Inc.
    Rene C. Goehrum
    President and CEO
    (905) 206-0013
    (905) 206-1413 (FAX)
    www.biosyent.com