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Voyageur Receives $600K Grant from Alberta Innovates for Product Development
(TheNewswire) Voyageur receives $600,000 in funding through Alberta Innovates AICE-...
About this update from Voyageur Pharmaceuticals Ltd
[{"type":"text","content":"Voyageur Receives $600K Grant from Alberta Innovates for Product Development\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Voyageur receives $600,000 in\nfunding through Alberta Innovates AICE-Market Access Program\n \n\n\n\n Calgary, Alberta, Canada – February 5, 2025 –\n \n\n TheNewswire -\n \n\n Voyageur\nPharmaceuticals Ltd. (TSX.V:VM) (OTC Pink:VYYRF) (“\n \n\n Voyageur\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) is excited to announce its receipt of a $600,000 grant\nfrom Alberta Innovates (“\n \n\n Alberta Innovates\n \n\n ”), a provincial Crown\ncorporation and Alberta’s largest research and innovation\ncorporation, through the Alberta Innovates AICE-Market Access Program.\nThis grant is aimed at supporting the commercialization and market\naccess of emerging health technologies in Alberta.\n \n\n\n\n The funds will be allocated to a pivotal study\nassessing the efficacy of Voyageur’s Frances Creek barium sulfate\nagainst competing products. Particular emphasis will be placed on\ncomparing the performance of Frances Creek natural barite with\nsynthetic barium precipitate and oral iodine products.\n \n\n\n\n Currently, synthetic barium precipitate and diluted\niodine contrast media are standard in the fluoroscopy and Computed\nTomography (“\n \n\n CT\n \n\n ”) examination markets. Voyageur aims to demonstrate the\nsuperior imaging quality of natural barium sulfate, attributed to its\nwider particle distribution. This research is intended to enhance the\nfinancial viability of the Frances Creek project and bolster marketing\nstrategies for increased sales growth.\n \n\n\n\n “Alberta Innovates funding enables Voyageur\nPharmaceuticals to bring their barium-based products to market. A new\nsource of barium could address critical supply shortages and enable\nmore cost-effective diagnostic imaging.   This project leverages\nCanada’s natural resources and Alberta’s health product\ndevelopment expertise to improve patient outcomes, lower costs, and\nensure that accurate diagnostic imaging supports the highest standards\nof care for Albertans.”  Tim Murphy, Vice President, Health,\nAlberta Innovates.\n \n\n\n\n Brent Willis, President, CEO, and Director of Vo...