Kane Biotech Inc. (TSX-V:KNE) (the “Corporation” or “Kane Biotech”), a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms, today announced that that it has engaged Kilmer Lucas Inc. (“Kilmer Lucas”) to provide the Company with select U.S. and Canadian investor relations (“IR”) and strategic advisory services.
Employing an ‘outsourced in-house’ partnership model, Kilmer Lucas designs and executes customized IR programs for healthcare companies.
“Having undergone a company-wide transformation during the past year, we evaluated a number of IR firms that could support our continued growth and help us communicate our progress to a broader investor audience, and upon the recommendation of a trusted advisor, we selected Kilmer Lucas,” stated Marc Edwards, CEO of Kane Biotech.
“Kane Biotech continues to execute on its strategic plan to become a global leader in anti-biofilm technologies, and we are excited to work with the Company as it expands its animal health products business and progresses its first human health product toward commercialization,” commented Kilmer Lucas’ founder and President, Stephen Kilmer. “Through the provision of a full range of IR and strategic advisory services, our primary goals will be to assist Kane Biotech in achieving a fair and sustainable market valuation and communicate its evolving growth strategy, as well as its accomplishments, to stakeholders.”
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Kilmer Lucas is an arm’s length third party to Kane Biotech, and it does not have any interest, directly or indirectly, in Kane Biotech, or any right or intent to acquire such an interest. Kane Biotech will pay Kilmer Lucas a monthly retainer fee of $7,500 for its services. The agreement between Kane Biotech and Kilmer Lucas has an initial term of 90 days, following which the agreement can be terminated for any reason by either party upon 30 days’ written notice.
Source: Globe News Wire