Welcome to our dedicated page for Kane Biotech news (Ticker: KNBIF), a resource for investors and traders seeking the latest updates and insights on Kane Biotech stock.
Kane Biotech Inc. (KNBIF, TSX-V: KNE) generates news primarily around its wound care biotechnology activities, especially the development and clinical use of its revyve ae Antimicrobial Wound Gel and Wound Gel Spray. Company updates frequently highlight how these products are designed to disrupt biofilms and address wound bacteria, which Kane Biotech identifies as key contributors to antibiotic resistance and complex wound outcomes.
News releases often cover regulatory milestones, such as FDA 510(k) clearances for revyve Antimicrobial Wound Gel and Spray, Health Canada approvals for the gel and spray, and the submission of a 510(k) application for revyve Antimicrobial Wound Cleanser. Investors and clinicians can also follow announcements about clinical and pre-clinical data, including case series in diabetic foot ulcers, burn wounds, chronic radiation-induced ulcers, venous leg ulcers, and other challenging wound types.
Kane Biotech regularly reports participation in wound care and burn conferences, where it presents data on healing trajectories, infection control, and biofilm management using revyve products. These events include meetings such as the Symposium on Advanced Wound Care, Diabetic Foot Conference, Southern Region Burn Conference, Innovations in Wound Healing, and other specialized gatherings.
In addition, the company issues news on financing and corporate developments, including private placement offerings, financial results, board and committee changes, and interactions with funding partners. For readers tracking KNBIF, this news page provides a centralized view of Kane Biotech’s scientific, regulatory, clinical, and corporate announcements related to its wound care biotechnology focus.
Kane Biotech (KNBIF) has secured a three-year distribution agreement with Best Buy Medical Canada for its revyve™ Antimicrobial Wound Gel product line. This strategic partnership follows Health Canada's approval of revyve™ in November 2024, marking a significant expansion in the Canadian healthcare market.
The company has been actively promoting the product's integration into Canadian healthcare systems through strategic partnerships, educational initiatives, and healthcare professional engagement. The distribution agreement aims to enhance accessibility of wound care solutions across hospitals, clinics, and long-term care facilities throughout Canada.
Kane Biotech's President & CEO Marc Edwards highlighted the partnership's dual benefit of improving access to innovative wound care solutions while capitalizing on significant financial opportunities in the Canadian wound care market.
Kane Biotech (TSX-V:KNE; OTCQB:KNBIF) announced a webinar scheduled for January 23rd, 2025, where CEO Marc Edwards and Executive Chairman Dr. Robert Huizinga will discuss the company's 2025 outlook. The presentation will build on key 2024 achievements, including: the scale-up manufacturing of revyve™ Antimicrobial Wound Gel Spray, securing new US distribution partnerships, obtaining Health Canada Approval, and agreeing to acquire FB Dermatology to expand presence in EU, Australia, and New Zealand.
Notable 2024 milestones also included participation in NRC-IRAP projects, distribution agreements in UAE and Qatar, FDA approval for increased dosage allowance, ISO 13485:2016 MDSAP certification, and the $12.5M USD sale of STEM Animal Health to Dechra Veterinary Products. Additionally, Kane announced a six-month marketing service agreement with Outside The Box Capital for $100,000 to enhance their market visibility.
Kane Biotech (TSX-V:KNE; OTCQB:KNBIF) has completed the first closing of its non-brokered private placement offering, issuing 12,750,000 shares at $0.10 per share, raising gross proceeds of $1,275,000. Insiders, including management and board members, acquired 3,700,000 shares ($370,000) of the offering.
The company paid finder's fees consisting of $32,100 cash and 321,000 broker warrants, exercisable at $0.15 per share for 18 months. The TSX Venture Exchange has extended the offering completion deadline to February 17, 2025. The proceeds will be used for working capital and general corporate purposes. All securities issued have a four-month and one-day hold period in Canada.
Kane Biotech (TSX-V:KNE; OTCQB:KNBIF) announces a non-brokered private placement offering of up to 30,000,000 common shares at $0.10 per share, aiming to raise up to $3,000,000. The proceeds will be used for working capital and general corporate purposes. CEO Marc Edwards states this financing will help accelerate key commercial programs and scale operations, with the goal of achieving EBITDA positivity by end of 2025. The offering is subject to TSX Venture Exchange approval and includes potential finder's fees for introducing subscribers.
Kane Biotech reports significant Q3 2024 financial results, marking its first commercial sale of revyve™ Wound Gel. Total revenue reached $1,282,698, up from $27,003 in Q3 2023, with product sales of $597,677 and product services revenue of $685,021. Gross profit increased to $558,754, while net loss decreased 45% to $(678,636). The company secured multiple distribution agreements, received Health Canada approval for revyve™ Antimicrobial Wound Gel, and announced plans to acquire FB Dermatology. Additionally, Kane received MDSAP certification and was awarded NRC IRAP funding totaling $275,000 for research and development projects.
Kane Biotech announces that BioStem Technologies has signed a Letter of Intent to acquire exclusive US distribution rights for revyve™ Antimicrobial Wound Gel from current distributor ProgenaCare Global. The acquisition aligns with BioStem's strategy to expand its wound care portfolio and leverage its commercial infrastructure. BioStem aims to finalize definitive agreements within 60 days, subject to regulatory approvals and Board consent. Kane Biotech's CEO views this as an opportunity to significantly expand market penetration of revyve™ in the US market while completing commercial-scale manufacturing of both gel and spray products.
Kane Biotech (TSX-V:KNE; OTCQB:KNBIF) has announced it will release its third quarter 2024 financial results after market close on November 28, 2024. The company will hold a conference call to discuss the results and business developments on December 3, 2024 at 4:30 p.m. ET. Participants are required to register for the call in advance, with recommended joining time being 10 minutes before the event. A webcast will be available on Kane Biotech's website in the Investor section.
Kane Biotech has received Health Canada approval for its revyve™ Antimicrobial Wound Gel as a Class 2 Medical Device. This regulatory milestone enables the company to immediately begin marketing and selling the product in the Canadian market. The approval represents a significant step in Kane Biotech's strategic execution plan.
Kane Biotech (TSX-V:KNE; OTCQB:KNBIF) has released a video featuring President & CEO Marc Edwards and Executive Chair Dr. Robert Huizinga discussing the recently announced FB Dermatology S.R.L. acquisition. The video presentation covers FB Dermatology's technology, product portfolio, market presence, and regulatory approvals, along with potential synergies between the two companies. This follows the initial acquisition announcement made on November 12, 2024.
Kane Biotech (KNBIF) has entered into a binding term sheet to acquire FB Dermatology, an Italian company with operations in Italy and Australia. The acquisition includes FB's FLETECH technology portfolio, featuring products like LumiHeal®, Kleresca®, and Lumixa® for wound care and dermatology applications. The purchase price includes $200,000 in cash at closing, 6 million Kane shares, 6 million warrants at $0.25, and potential future payments of $920,000 and $1,380,000 at 18 and 36 months respectively. The transaction is expected to close by January 31, 2025, expanding Kane's global commercial reach and strengthening its wound care portfolio.