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Canada's Biomira to migrate to United States
September 12, 2007 / 1:32 PM / in 10 years

Canada's Biomira to migrate to United States

TORONTO, Sept 12 (Reuters) - Canadian biotechnology firm Biomira Inc BRA.TO said on Wednesday it will reincorporate in the United States through a plan of arrangement approved by its board.

Biomira will establish its headquarters in or near Seattle, Washington, and sees the transaction completed in early 2008.

Shareholders will receive one-sixth of a common shares of Biomira Corp, the new holding company, in what amounts to a 6 for 1 reverse stock split.

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