Kelowna Biotech Startup wins $510,000 Contract with The Government of Canada

Sep 7, 2022

Kelowna Biotech Startup wins $510,000 Contract with The Government of Canada

From: The GelMA Company

The GelMA Company wins $510,000 Contract with the Government of Canada

News Release

KELOWNA, BRITISH COLUMBIA, September 7 2022 - The GelMA Company, a biotechnology
start-up that produces high-quality biomaterials using a patented process, is excited to
announce that it has secured a $510,000 contract with its new customer and strategic partner,
the Government of Canada. This contract also makes The GelMA Company eligible for Direct
Buy contracts with any Government of Canada organization for a period of 3 years. Each
contract has a potential value of up to $8 million dollars.

The GelMA Company will supply their patented Okagel products to the National Research
Council of Canada (NRC), the Government of Canada's largest federal research and
development organization which has fostered scientific excellence for over 100 years.
Innovation Solutions Canada (ISC), a federal funding program that fosters challenges for early
stage R&D and late-stage prototype testing, helped design a test and a contract was
successfully awarded by Public Services and Procurement Canada (PSPC) to the GelMA
Company in support of a test with the NRC.

“We are proud that our technology was recognized and chosen by the Government of Canada.
To have secured a major contract with the NRC adds to confidence in our future growth outlook and the future of the GelMA industry as a whole,” commented Dr. Mohamed Gamal, CEO and Founder of The GelMA Company.

“GelMA is traditionally a very time-consuming and laborious material to make in the lab.
Researchers waste a lot of valuable time making GelMA, which ultimately delays the research
process. With our new patented process for producing GelMA, our goal is to make GelMA
accessible for researchers everywhere to increase research efficiency and the rate of scientific
breakthroughs,” concluded Dr. Mohamed Gamal.

This new and coveted technology allows researchers worldwide to study cancer, patient-derived tumor growth and to stimulate differentiation of stem cells into various cell types. Additionally, Okagel will be used to mimic blood-brain-barrier formation and to stimulate brain cell growth. Okagel’s ability to maintain living cells throughout the bioprinting process will be evaluated by the NRC.

Okagel has the potential to change the face of cancer research through the generation of viable 3D tumor models. Compared to 2-dimensional laboratory cancer research, these innovative models can be more accurately studied and on which future therapeutics can be better tested. They also provide the potential to more ethically conduct pharmaceutical testing as they may eliminate the need for early animal testing.

Okagel has the potential to demonstrate stem cell therapy as a viable form of regenerative medicine. The ability of Okagel to successfully grow and differentiate stem cells in the laboratory
paves the way for future research in stem cell science that can be applied to other fields.

This testing opportunity will accelerate The GelMA Company’s commercial growth by
introducing Okagel as a desirable alternative to current biotech industry standard materials in
Canada and internationally. Okagel will allow scientists to more efficiently carry out their
research, and consequently, increase the rate of scientific breakthroughs and innovation.

About The GelMA Company

The GelMA Company is a biotechnology start-up founded in 2020. Okagel was developed at the
University of British Columbia Okanagan Campus. This patented technology produces GelMA
that is sterile, higher quality, and always consistent from batch-to-batch. The GelMA Company’s
mission is to make biomedical research accessible to all through fairly-traded, high-quality
GelMA biomaterials. For more information, please visit www.gelmaco.com

Media contact information:
Kristine Hui
Marketing Coordinator
[email protected]

SOURCE The GelMA Company

If you have any questions regarding this Press Release, please email us at [email protected]

Company Contact Information:

Logo The GelMA Company
Company: The GelMA Company
Contact Name: Kristine Hui
Contact Phone: 6045625260
Contact Email: [email protected]
Company Website: www.gelmaco.com

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