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Strategic Collaboration between Haemacure and Angiotech

CLIENT

Haemacure Corporation

DATE

June 3, 2009

LAWYER(S)

Leanne Souquet

On June 3, 2009, Haemacure Corporation, a Montreal-based specialty bio-therapeutics company and Angiotech Pharmaceuticals, Inc., a global specialty pharmaceutical and medical device company, entered into definitive agreements for a strategic collaboration which provided Angiotech with certain license, distribution and supply rights related to Haemacure's all-human fibrin sealant and thrombin products. The deal also included a senior secured bridge loan from Angiotech to Haemacure in a minimum amount of US$2.5 million.

Leanne Souquet of Ogilvy Renault LLP represented Haemacure in regards to the strategic collaboration aspects of the deal.

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