Amarantus BioSciences announces close of convertible bridge note

Views: 1.9K

Amarantus Biosciences, a biotechnology company developing MANF, a first-in-class, disease-modifying therapeutic protein that addresses an underlying form of cell death known as apoptosis, announced today that it has completed a bridge facility with Atlantic Partners in the aggregate amount of $150,000. The note consists of a six month interest bearing security and equity participation. Atlantic Partners is a financing group headed by Dr. Samuel Herschkowitz and Joshua Kornberg dedicated to enhancing shareholder value and assisting companies in fund raising efforts. Concurrent with this facility, Dr. Herschkowitz will serve as an advisor to the Board of Directors.

“This bridge facility was not only done to secure interim financing, but also to engage the Atlantic Group to expand the our knowledge base to fully develop our corporate strategy for regulatory approval of our MANF treatment for Parkinson’s Disease,” said Martin D. Cleary, Chairman & CEO of Amarantus. “We hope to gain from Dr. Herschkowitz’ deep network of industry contacts to bolster corporate interest in our product development programs.”

Since 1982, Dr. Samuel Herschkowitz has been a known leader in the area of biotechnology, healthcare devices and pharmaceutical development. Dr. Herschkowitz has participated in the development of many biotechnology innovations. He was one of the original investors in Theragenics Corporation, a New York Stock Exchange company, which innovated the development of high energy, short duration, radioactive seeds for the treatment of prostate cancer. He is also a founder of Delcath Systems, a NASDAQ company, specializing in the delivery of high dose chemotherapy to targeted area of cancer growth. He has provided early seed investment money and bridge financing for companies such as Perceptive Systems, Oncogene Sciences and, most recently, Serenity Pharmaceuticals.

Presently, Dr. Herschkowitz is the Chief Executive Office of Serenity Pharmaceuticals which specializes in the commercialization of urological pharmaceuticals. In addition, from 1982 until 2001, Dr. Herschkowitz was a general partner of two venture capital funds, Banipal and Venkol ventures, which specialized in the investment in health care technology and pharmaceuticals.

Kornberg is a founding partner of GPF, a private equity fund. Prior to founding GPF, Kornberg served as Chief Investment Officer of The Lightstone Group, a national private equity firm and Director of the Lightstone Value Plus REIT, a public company focused on commercial real estate. Prior to joining Lightstone, Kornberg served as a Director at ARK Realty Investors, a real estate investment and development firm. Mr. Kornberg worked in the capital markets group at Morgan Stanley. In addition, he served as Vice President at The RREEF Funds, one of the leading global pension fund advisors. Mr. Kornberg has implemented investment strategies for numerous operating companies and has led the origination and structuring of approximately $10 billion of deal value including entity level and related financings.



  1. programming software

    April 17, 2018 at 10:41 pm

    you are really a just right webmaster. The web site loading pace is amazing. It seems that you are doing any distinctive trick. Moreover, The contents are masterpiece. you have performed a great job on this matter!

  2. office gadgets

    April 20, 2018 at 1:47 am

    I carry on listening to the news update lecture about getting free online grant applications so I have been looking around for the best site to get one. Could you tell me please, where could i get some?

  3. business magazine

    April 20, 2018 at 1:48 am

    Whats Going down i’m new to this, I stumbled upon this I’ve discovered It positively helpful and it has aided me out loads. I hope to give a contribution & assist other users like its helped me. Good job.

  4. gorzów

    April 22, 2018 at 1:16 am

    I gotta bookmark this website it seems very beneficial extremely helpful

  5. how to start a business

    April 23, 2018 at 4:33 am

    I’m still learning from you, as I’m trying to reach my goals. I absolutely liked reading all that is posted on your website.Keep the posts coming. I loved it!

  6. language eucation

    April 24, 2018 at 5:02 pm

    I was just looking for this information for a while. After 6 hours of continuous Googleing, at last I got it in your website. I wonder what’s the lack of Google strategy that do not rank this kind of informative web sites in top of the list. Normally the top web sites are full of garbage.

  7. Pozycjonowanie Gorzow

    April 25, 2018 at 2:32 pm

    Wow! This could be one particular of the most beneficial blogs We’ve ever arrive across on this subject. Actually Magnificent. I’m also an expert in this topic therefore I can understand your hard work.

  8. strony internetowe gorzow

    April 26, 2018 at 1:13 am

    Thanks for the sensible critique. Me and my neighbor were just preparing to do some research on this. We got a grab a book from our local library but I think I learned more clear from this post. I’m very glad to see such magnificent info being shared freely out there.

  9. vacation packages

    April 27, 2018 at 5:56 am

    I’ve been surfing online more than three hours lately, yet I never found any fascinating article like yours. It is pretty value sufficient for me. In my opinion, if all site owners and bloggers made excellent content as you probably did, the web shall be a lot more helpful than ever before.

Leave a Reply

Your email address will not be published.

Most Popular

To Top