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National Post
22 minutes ago
- National Post
Ostia Sciences Inc. Completes $1.46M Seed Round to Develop Microbiome Therapeutics Platform.
Article content The company receives additional non-dilutive funding from Natural Products Canada. Article content TORONTO — Ostia Sciences Inc., a microbiome therapeutics company developing next-generation probiotics, today announced the successful close of its seed financing round, raising CAD $1.46 million as of December 31, 2024. Article content Article content 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. Article content 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. Article content '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.' Article content 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. Article content '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.' Article content Article content Article content Article content
CTV News
22 minutes ago
- CTV News
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
BHP has announced it will pour billions of dollars into a potash mine southeast of Saskatoon. SASKATOON — BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations. The miner now estimates the project cost will be in a range of US$7 billion to US$7.4 billion, up from an earlier estimate of US$5.7 billion. The company is also pushing back its estimate for first production from the mine to mid-2027 from earlier expectations for the end of 2026. BHP blamed the increased costs on inflationary pressures, design development and scope changes and lower-than-expected productivity. It estimates the first phase of the Jansen project is 68 per cent complete. The company also says given the potential for additional potash supply coming to market in the medium term, it's considering delaying first production from Jansen's second phase by two years to its 2031 financial year. This report by The Canadian Press was first published July 18, 2025.
CTV News
22 minutes ago
- CTV News
‘I absolutely love that Colbert got fired,' Trump posts after CBS cancels ‘The Late Show'
Stephen Colbert arrives at a screening of "The Late Show with Stephen Colbert" Sunday, April 21, 2024, at the Dolby Theatre in Los Angeles. (Photo by Richard Shotwell/Invision/AP) LOS ANGELES -- 'The Late Show with Stephen Colbert,' the most-watched late-night program on U.S. broadcast television and a frequent platform of satire aimed at U.S. President Donald Trump, will end its 10-year run on CBS in May 2026, the network said on Thursday. The show will be retired and Colbert will not be replaced. New episodes will air until the end of the broadcast TV season in May 2026, a network statement said. 'This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show's performance, content or other matters happening at Paramount,' CBS executives said in the statement. Paramount Global, the parent company of CBS, is seeking approval from the U.S. Federal Communications Commission for an US$8.4 billion merger with Skydance Media. This month, Paramount agreed to settle a lawsuit filed by Trump over an interview with his former Democratic challenger, Kamala Harris, that CBS's '60 Minutes' broadcast in October. Colbert told his audience on Thursday that he was informed of his show's cancellation the night before. The audience booed, and Colbert responded: 'Yeah, I share your feelings.' 'I'm not being replaced. This is all just going away,' the 61-year-old comedian said. Trump cheered the cancellation of the show on Friday. 'I absolutely love that Colbert got fired. His talent was even less than his ratings,' he said in a post on Truth Social. 'The Late Show' debuted in 1993 with David Letterman as host after he was passed over for NBC's 'The Tonight Show.' Colbert, a regular on 'The Daily Show' before he hosted 'The Colbert Report' on Comedy Central, took over 'The Late Show' in 2015. 'It is a fantastic job,' Colbert said on Thursday. 'I wish somebody else was getting it, and it's a job that I'm looking forward to doing with this usual gang of idiots for another 10 months.' He thanked executives at CBS, his show's audience and the 200 people who work on the show. Senator Adam Schiff of California, a Democrat, was a guest on Thursday's episode. 'If Paramount and CBS ended the Late Show for political reasons, the public deserves to know. And deserves better,' Schiff wrote on X. Colbert often skewered Trump in his nightly monolog and criticized Paramount's settlement with the president. The comedian called the company's payment to Trump a 'big fat bribe' on his show on Monday. Senator Elizabeth Warren, a Democrat from Massachusetts, posted a clip of that comment on X and echoed Schiff's remark that 'America deserves to know' if the show was canceled because of Colbert's politics. Late-night shows have seen their audiences shrink as viewers have shifted from traditional television to streaming. 'The Late Show' drew an average of 2.5 million viewers during the 2024 to 2025 season that ended in June, ahead of ABC's 'Jimmy Kimmel Live' and 'The Tonight Show Starring Jimmy Fallon.' 'Our admiration, affection, and respect for the talents of Stephen Colbert and his incredible team made this agonizing decision even more difficult,' said the statement from Paramount Co-CEO and CBS CEO George Cheeks, CBS Entertainment President Amy Reisenbach and CBS Studios President David Stapf. CBS cancelled another late-night show, 'After Midnight,' in March. That show had run immediately after the 'Late Show.' Reporting by Lisa Richwine; Additional reporting by Bhargav Acharya; Editing by Sandra Maler, Leslie Adler, Edwina Gibbs and Joe Bavier, Reuters
