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Kane Biotech Inc. - KNBIF STOCK NEWS

Welcome to our dedicated news page for Kane Biotech (Ticker: KNBIF), a resource for investors and traders seeking the latest updates and insights on Kane Biotech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kane Biotech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kane Biotech's position in the market.

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Kane Biotech Inc. (TSX-V:KNE OTCQB:KNBIF) has signed a non-binding offer for the sale of its interest in STEM Animal Health Inc. The terms of the offer remain confidential but specify that Kane will sell its ownership of STEM. The company will receive a deposit of US $625,000 which will be applied towards the sale price of Kane’s interest in STEM. This move allows Kane to focus on human health, specifically wound care and dermatology solutions, two areas where biofilms significantly impact patient health.
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Kane Biotech Inc. (TSX-V:KNE; OTCQB:KNBIF) announced a 29% increase in product and services revenue and a 26% increase in total revenue for the third quarter of 2023. The company's gross profit increased by 17%, but total operating expenses also rose by 35%, leading to a 41% increase in loss compared to the same period in 2022.
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Kane Biotech Inc. (KNE) will announce its Q3 2023 financial results on November 28, 2023. The company focuses on technologies and products to prevent and remove microbial biofilms. Kane Biotech management will host a conference call to review the financial results and discuss business developments.
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Kane Biotech Inc. (TSX-V:KNE OTCQB:KNBIF) announces the appointment of John Coleman, an accomplished executive with over two decades of senior biotechnology expertise, to its Board of Directors. Dr. Coleman brings scientific and business expertise, having served as the President and CEO of Avivo Biomedical Inc. and co-founded Anandia Labs. His appointment is expected to contribute to Kane's vision of bringing transformative biofilm-targeted products to patients.
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Kane Biotech Inc. announces the launch of the newly rebranded revyve™ Antimicrobial Wound Gel. The gel combines advanced technology with an affordable price point and is intended for clinical usage in the treatment of chronic wounds. The product will be presented at the Symposium on Advanced Wound Care (SAWC) Fall forum.
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Kane Biotech Inc. will unveil the new brand for its coactiv+™ Antimicrobial Wound Gel product at the Symposium on Advanced Wound Care Fall forum. The company will also present a technology poster on the gel's composition. The conference will take place from November 2-5, 2023, in Las Vegas, Nevada.
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Kane Biotech reports 68% increase in product and services revenue and 74% increase in royalties revenue for Q2 2023. Gross profit decreased by 48%. Total revenue decreased by 22% but increased by 61% excluding license revenue. Operating expenses decreased by 36%. Loss for Q2 2023 increased by 22%. The company achieved significant milestones including FDA clearance and distribution agreement for coactiv+™ Antimicrobial Hydrogel, and licensing agreement with Skout’s Honor for Pet Oral Care line. The company also engaged Research Capital Corporation for strategic review and announced a non-brokered private placement offering.
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Kane Biotech to announce Q2 2023 financial results on August 29, 2023
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Kane Biotech Inc. has engaged Research Capital Corporation as its exclusive financial advisor to conduct a strategic review process for its STEM Animal Health business division. The company is considering various strategic alternatives to maximize shareholder value, including the sale of assets, a merger, or other business combinations. STEM, formed in partnership with Animalcare Group plc, develops pet oral care products that inhibit tartar formation and kill bacteria. STEM's revenues grew by 31% in 2022 compared to 2021, and royalty revenues grew by 76% during the same period.
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Kane Biotech Inc.

OTC:KNBIF

KNBIF Rankings

KNBIF Stock Data

10.36M
82.80M
36.45%
Research and Development in Biotechnology
Professional, Scientific, and Technical Services
Link
Canada
Winnipeg