Ostia Sciences Inc. Completes $1.46M Seed Round to Develop Microbiome Therapeutics Platform.
We are advancing our phosphorylated lantibiotic-producing probiotic technology for microbiome-based health solutions to improve oral health and the quality of life of millions of patients around the world
Share
In addition to private investment, Ostia secured over $393,000 in non-dilutive grants, including $350,000 from Natural Products Canada (NPC) through its Proof-of-Concept (POC) program.
The NPC POC funding will help advance Ostia's planned clinical trials, focusing on natural solutions for widespread conditions like gingivitis, halitosis, and treatment-related oral complications of head and neck cancer patients.
'Our progress reflects both strong investor confidence and essential support from Canadian innovation programs, enabling the commercialization of natural health solutions and helping millions of patients worldwide,' said Dr. Abdelahhad Barbour, CEO of Ostia Sciences. 'We now have the resources to optimize our manufacturing processes and move SALI-10 toward clinical validation.'
With full ownership of its IP portfolio, an expanding team of advisors, and a robust discovery pipeline, Ostia Sciences is positioning itself as a leader in microbiome-based biotherapeutics.
'We're building more than just a product, we're creating a platform for targeted, microbiome-driven drug development,' said Dr. Michael Glogauer, Chief Scientific Officer. 'This funding brings us one step closer to transforming how we treat oral and respiratory diseases.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
an hour ago
- Hamilton Spectator
Peel Regional Council approves new auditor general position
Peel Region is moving ahead with an independent Office of the Auditor General, following a July 10 council vote to adopt bylaw 39-2025 — a move officials say will strengthen public accountability and oversight of regional spending. The newly created office will operate independently from Peel's chief administrative officer and senior leadership. Its mandate includes auditing regional departments, grant recipients, certain local boards, and Peel-controlled corporations such as Peel Living. The auditor general will also operate a confidential fraud and waste hotline. 'The auditor general's independent role will provide council with clearer insights, help uncover opportunities for efficiency, and ensure we are delivering the highest value to the taxpayers of Peel,' said Regional Chair Nando Iannicca in a July 17 media release. The office is authorized under Ontario's Municipal Act, 2001, which allows municipalities to appoint an auditor general to help ensure value-for-money and quality of stewardship over public funds. The position was formally established through bylaw 39-2025, which outlines the scope of duties, appointment process, reporting structures and operational independence of the office. The auditor general will report directly to council and submit both an annual audit plan and a report on the office's activities. While the auditor general maintains sole authority over deletions or amendments to their annual audit plan, council can add items to the plan through a two-thirds majority vote. While the auditor general can audit most regional programs and entities, the bylaw excludes some local boards, including the Peel Police Services Board and Peel Board of Health, unless those boards specifically request an audit. The office will undergo an external peer review every three years and must complete an annual compliance audit. The appointment itself must be made through a council-led recruitment process and approved by a two-thirds vote of all councillors. The term may be set for up to seven years and cannot be renewed, except under exceptional circumstances approved by council. Last month, Mississauga Councillor Dipika Damerla introduced the original motion during a June 12 council meeting. While that meeting ended without a final vote due to loss of quorum, the decision was revived and finalized on July 10. 'Right now, we're the only major Canadian municipality of our size without an independent auditor general, and I think that's a glaring gap,' Damerla had said during the June 12 meeting. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
New York Post
6 hours ago
- New York Post
Psychiatrist reveals what marijuana does to the developing brain
The recreational use of marijuana has become more common in recent years. But some research has found that consuming cannabis could have negative effects on the body, especially the brain. A recent French study suggested that cannabis use raises the risk of heart attack and stroke more than cocaine, while a Canadian study found that dementia risk is connected to cannabis-related hospital visits in older individuals. In an interview with Fox News Digital, Dr. Daniel Amen — psychiatrist, brain imaging specialist and founder of Amen Clinics in California — confirmed that it's 'clear' people who use marijuana have lower blood flow in their brain, according to decades of brain imaging performed at his clinics. These findings — along with associations between marijuana and heart disease — have been supported by other recent research. 5 Research shows that consuming cannabis could have negative effects on the body, like the brain. alfa27 – 5 According to Dr. Daniel Amen, people who use marijuana have lower blood flow in their brain. Africa Studio – 'We've been lied to that marijuana is innocuous, that marijuana is good medicine,' Amen said. 'And I think for some people, it can be helpful. But teenagers who use it, or people in their 20s, have a higher incidence of anxiety, depression, suicide and psychosis.' In a new study that compared people who smoked cigarettes with those who smoked marijuana, the marijuana users sustained more lung damage, he mentioned. 'This is just not great for us,' Amen said. 5 'We've been lied to that marijuana is innocuous, that marijuana is good medicine,' Amen said. 'But teenagers who use it, or people in their 20s, have a higher incidence of anxiety, depression, suicide and psychosis.' amenic181 – 5 There are also associations between marijuana and heart disease. Victor Moussa – Amen noted one of the 'horrifying trends' he's seen is parents who smoke pot with their teens and young adults. 'It just makes me think we're going the wrong way,' he said. 5 Amen advises against parents smoking with their teens, as young adult brains are not fully developed, and engaging in cannabis can set them back mentally, causing issues like anxiety and depression. Impact Photography – While some people may argue that alcohol is worse for the body than marijuana, Amen stressed that 'neither of them are good for you.' 'Why would you want to consume something that makes your brain older than you are?' he asked. As the brain of a young adult is not fully developed, engaging in cannabis use can set back young people mentally, causing issues like anxiety and depression, Amen cautioned. 'When you start using marijuana, alcohol or other drugs, your development gets arrested,' he said. 'Many people don't really appreciate how important their brain is when they're 17, 18, 21 or 23, because it really doesn't finish developing until you're 25 or 26,' Amen said. 'And if you hurt it early, it might not ever catch up.'
Hamilton Spectator
6 hours ago
- Hamilton Spectator
Clip Money Inc. Announces US$4,000,000 Financings
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) ('Clip Money' or the 'Company'), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the closing of a non-brokered private placement of an unsecured convertible note (the 'Convertible Note') for gross proceeds of US$3,000,000 (or CAD$4,125,900, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to Cardtronics Inc. ('Cardtronics'), a subsidiary of NCR Atleos Corporation (the 'Convertible Note Financing'). Cardtronics is Clip Money's largest shareholder and also a strategic commercial partner through the NCR Atleos Allpoint ATM network. Cardtronics' continued support highlights its confidence in the Clip Money solution and team. Separately, Clip Money is also pleased to announce the closing of a non-brokered private placement of 6,876,500 common shares in the capital of the Company ('Common Shares') at a price of CAD$0.20 per Common Share for gross proceeds of US$1,000,000 (or CAD$1,375,300, based on a CAD/USD exchange rate of US$1 = CAD$1.3753) to two insiders of the Company (the 'Equity Financing', together with the Convertible Note Financing, the 'Financings'). The Convertible Note will accrue simple interest at a rate of 13% per annum. The Company will make quarterly cash interest payments in satisfaction of a portion of the interest that accrues on the principal amount of the Convertible Note in the preceding quarter. The principal amount of the Convertible Note outstanding on the Maturity Date plus all accrued and unpaid interest thereon that has not been previously paid in connection with the quarterly interest payments will be due and payable in full on, July 18, 2030 (the 'Maturity Date'). On the Maturity Date, payment of the principal amount of the Convertible Note then outstanding will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of the principal amount of the Convertible Note then outstanding; (ii) the issuance of a number of Common Shares equal to the entirety of the principal amount of the Convertible Note then outstanding divided by CAD$0.55 (the 'Conversion Price'); or (iii) a combination of a cash payment and the issuance of Common Shares at the Conversion Price, provided that at least 50% of the principal amount of the Convertible Note then outstanding must be converted into Common Shares. On the Maturity Date, payment of all accrued and unpaid interest up to and including the Maturity Date that has not been previously satisfied by way of the quarterly interest payments will be satisfied by the Company, at Cardtronics' sole discretion, through: (i) a cash payment equal to the entirety of all accrued and unpaid interest up to and including the Maturity Date; (ii) the issuance of a number of Common Shares equal to the entirety of the accrued and unpaid interest up to the Maturity Date divided by the then-prevailing market price of the Common Shares on the TSX Venture Exchange (the 'TSXV'), subject to prior written approval of the TSXV; or (iii) a combination of a cash payment and the issuance of Common Shares at the then prevailing market price of the Common Shares on the TSXV, subject to prior written approval of the TSXV. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note prior to the three year anniversary thereof, it must pay a redemption price equal to 102% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. Subject to the terms of the Convertible Note, if the Company redeems all or a portion of the Convertible Note after the three year anniversary thereof and until the date that is one day before the Maturity Date, it must pay a redemption price equal to 101% of the portion of the principal amount of the Convertible Note being redeemed plus all accrued and unpaid interest up to and including the redemption date on the portion of the principal amount being redeemed. Such a redemption shall be payable in cash or, at the election of the holder and subject to the prior written approval of the TSXV, be payable in Common Shares pursuant to the terms of the Convertible Note. The Financings represent related-party transactions under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101'), but are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of the transactions nor the consideration paid exceeds 25% of the Company's market capitalization. All securities to be issued in connection with the Equity Financing and the Convertible Note Financing are subject to a statutory hold period of four months plus a day from the date hereof in accordance with applicable securities legislation in Canada. The Company intends to use the net proceeds from the Financings for network expansion and customer acquisition, new unit capital expenditures, business operations and technology and for general corporate purposes. There was no finder's fee paid in connection with the Financings. EARLY WARNING DISCLOSURE REGARDING BRIAN BAILEY In connection with closing of the Equity Financing, Brian Bailey, president and chief operating officer of Clip Money, acquired 3,438,250 Common Shares at a price of CAD$0.20 per Common Share pursuant to the terms of a subscription agreement. Prior to closing of the Equity Financing, Mr. Bailey beneficially owned, directly or indirectly, (i) 7,233,766 Common Shares, (ii) a convertible note in the principal amount of CAD$367,518 (the 'Bailey Convertible Note') that is convertible into 735,036 Common Shares, in whole or in part, at the option of Mr. Bailey, based on the principal amount of the Bailey Convertible Note divided by the conversion price of CAD$0.50, (iii) 455,118 common share purchase warrants ('Warrants') exercisable for 455,118 Common Shares, and (iv) 1,449,650 options exercisable for 1,449,650 Common Shares (the 'Options'), representing approximately 6.86% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 9.14% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. Following closing of the Equity Financing, Mr. Bailey will own (i) 10,672,016 Common Shares, (ii) the Convertible Note, (iii) 455,118 Warrants and (iv) 1,449,650 Options, representing approximately 9.51% of the issued and outstanding Common Shares of Clip Money on a non-diluted basis and approximately 11.59% of the issued and outstanding Common Shares of Clip Money on a partially diluted basis assuming the full conversion of the Bailey Convertible Note and the full exercise of the Warrants and Options. The securities of Clip Money are being held by Mr. Bailey for investment purposes and Mr. Bailey will evaluate his investment in the Company from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease his shareholdings through market transactions, private agreements, or otherwise. This news release is being issued under the early warning provisions of Canadian securities legislation. A copy of the early warning report to be filed by Mr. Bailey in connection with the transactions described above will be available on the Company's SEDAR+ profile at . A copy of such report may also be obtained by contacting Joseph Arrage by telephone at 844-593-2547 or by email at jarrage@ . The Company's registered office is located at 333 Bay Street, Suite 3400, Toronto, Ontario, M5H 2S7. About Clip Money Inc. Clip operates a multi-bank self-service deposit system for businesses through the Clip Money network that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box or ClipATM located near them. After being deposited, the funds will automatically be credited to the business' bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit . Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information, please contact: Joseph Arrage Chief Executive Officer tel: 844-593-2547
