Innodia Sells for $1.3 Million

Innodia Inc, a Quebec-based biotech company, sold to Bellus Health Inc for $1.3 million. The company had received almost $30 million in venture backing from investors that include BDC Venture Capital, Business Development Bank of Canada, CDP-Capital Technology Ventures, Fondaction CNS, HBM Partners, International BM Biomedicine Holdings, Picchio Pharma and Solidarity Fund QFL, according to media reports. Company Web site