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Cryptologic, SXC Health and Webtech Wireless; Today in Canadian Tech

CGI Group

Montreal's CGI Group today announced its subsidiary, Stanley, won a U.S. Department of State and Bureau of Consular Affairs contract worth just under $18 million. CGI acquired Stanley in 2010.
Pivotal Therapeutics (CSNX:PVO) announced it has filed five international patent applications related to its lead product VASCAZEN. Pivotal President Rachelle MacSweeney said: “The filing of these PCT patent applications is a critical step in Pivotal’s strategy for securing global Intellectual Property rights for VASCAZEN.” Shares of Pivotal closed today down 2.2% to $.225 cents. More…

CGI Group (TSX:GIB.A) announced its subsidiary, Stanley, has won a contract worth just under (US) $18 million. Stanley will provide business process support services to help process non-immigrant and immigrant visa applications in twenty five countries. Shares of CGI Group were up .5% today to $21.05. More…

Cipher Pharmaceuticals (TSX:DND) released its fiscal 2011 results. The company lost $2.3 million on revenue of $3.6-million, down from 2010’s $5.4-million topline. Cipher President and CEO Larry Andrews said: “It was a successful year for Cipher, with multiple commercial and regulatory milestones, highlighted by two marketing agreements for our once-daily Tramadol, the launch of ConZip in the U.S. market and completion of the comprehensive phase 3 study of our high-potential acne product…” Shares of Cipher closed today down 16.3% to $1.03. More…

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This story is brought to you by Verisante (TSX:VRS). The Canadian Cancer Society named Verisante Core a Top 10 Cancer Breakthrough of 2011. Click here for more information.

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WebTech Wireless (TSX:WEW) announced it has made its Quadrant Manager 9.4 globally available. Quadrant Manager helps large vehicle fleets with regulatory compliance and features user login compliance, multiple time zone improvements and automated vehicle characteristic discovery. Webtech President and CEO Scott Edmonds said: “Quadrant Manager is a leading global platform for the delivery of critical operational and decision-making information for both commercial and government fleets. Using feedback from our tens of thousands of subscribers, we have focused Quadrant Manager 9.4 on high-value enhancements that our customers will benefit from immediately.” Shares of Webtech closed today down 3.3% to $.29 cents. More…

CryptoLogic (TSX:CRY) announced it has signed a multiyear licensing agreement to provide a number of its games to NeoGames Networks, a provider of Internet scratch cards and instant-win games. Ian Price, group head of business development at CryptoLogic, said: “We are pleased to welcome a company with the reputation and reach of NeoGames to our list of blue-chip licensees. This agreement opens the door for CryptoLogic’s games to over 30 new on-line gaming operators and we are confident it will generate value for both companies.” Shares of Cryptologic closed today up .8% to $2.50. More…

SXC Health (TSX:SXC) announced it has been awarded a three-year contract from Blue Cross & Blue Shield of Rhode Island. SXC will provide a full suite of PBM services, including claims adjudication and pharmacy network management. SXC CEO Mark Thierer said: “We are very pleased to have earned Blue Cross & Blue Shield of Rhode Island’s business. They are a recognized leader in the health plan market and have an aggressive strategy for improving both the cost and quality of local health care…” Shares of SXC closed today up 3.2% to $63.44. More…

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About The Author /

Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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