Company Information and Policies.

Company Information and Policies.

This information about Portage was last updated on 24 May 2016.

1. Description of the Company’s Business

Portage Biotech Inc.(CSE: PTB.U, OTC:PTGEF) is a drug development company focused on acquiring and operating promising early-to-mid stage companies. It owns ~52% of Biohaven Pharmaceuticals, a company that is developing glutamatergic therapies for affective disorders and other indications.  Portage Biotech fully owns Portage Pharmaceuticals Limited, a subsidiary developing a cell penetrating peptide platform.  Portage also has a minority investment in Sentien Biotechnology.  Portage uses a group of industry and academic experts to assess information on acquisition and investment targets.  Portage was initially formed when Portage Pharma Ltd. took over Bontan Corporation Inc on July 4, 2013. Portage Services Ltd. is a fully-owned subsidiary of Portage Biotech that is incorporated in Ontario and which acts as a local agent for Portage Biotech. 

 


2. Portage Directors

  • Declan Doogan, MD

    Declan Doogan, MD

    Chief Executive Officer and Director

    Dr. Declan Doogan has over 30 years of industry experience in both major pharma and biotech. He was the Senior Vice-President and Head of Worldwide Development at Pfizer, where many multibillion dollar programs were delivered (e.g., Viagra, Lipitor and Zoloft). He has held a number of executive positions in Pfizer in the US, the UK and Japan. Since leaving Pfizer in 2007 he has been engaged in executive roles in small pharma. Declan was CMO and acting CEO of Amarin (AMRN: Nasdaq), transforming it from a failing Neuroscience company to a vibrant cardiovascular company with a market capitalization of over one billion dollars before his departure. He has also been Chief Medical Officer for Prometheus Laboratories, a molecular diagnostics company in San Diego. Declan is also an investor in emerging biotechnology and technology companies. He holds a number of Board appointments, principally in pharma companies, and has also held professorships positions at Harvard School of Public Health, Glasgow University Medical School and Kitasato University (Tokyo). Declan received his medical degree from Glasgow University in 1975. He is a Fellow of the Royal College of Physicians and the Faculty Pharmaceutical Medicine and holds a Doctorate of Science at the University of Kent in the UK.

  • Jim Mellon

    Jim Mellon

    Director

    Jim Mellon is an investor with interests in several industries. After leaving Oxford University, where he studied PPE, he worked in Asia and the United States in two fund management companies, GT and Thornton, before establishing his own business in 1991. This now has two components: a listed fund management company, Charlemagne Capital Limited and an Asian investment group, Regent Pacific Group Limited. In addition, Jim is a controlling shareholder and a director of Manx Financial Group, an Isle of Man based bank and a controlling shareholder of Webis Holdings plc. He is also a co-founder of Uramin and Red Dragon Resources, both mining groups. Burnbrae, his private company, is a substantial landlord in Germany and in the Isle of Man, and it owns outright the hotel chain, Sleepwell Hotels Limited. Jim is the co-chairman of FastForward Innovations Limited and a director of Portage Biotech Inc.. His book ‘Cracking the Code’, which was published in 2012, focused on investment opportunities in the life sciences sector. Jim is an honorary fellow of Oriel College, Oxford University. 

  • Kamlesh Shah, CPA

    Kamlesh Shah, CPA

    Chief Financial Officer and Director

    Kam Shah is a senior finance executive with over 25 years of financial and management experience across a range of industries and companies with significant operating scale and complexity. Kam is a Certified Public Accountant and Chartered Global Management Accountant of the American Institute of CPAs and a Chartered Professional Accountant of the Canadian Institute of CPAs. He has experience in all aspects of corporate finance, including audits, SEC/OSC reporting, forecasting, and business plan development.

    Over the past 15 years, Kam has served as the Chief Financial Officer and Corporate Secretary of Bontan Corporation Inc., a publicly-listed group of companies engaged in biotechnology and oil and gas exploration.  Kam is also the Chief Financial Officer of SalvaRx Group PLC, and its subsidiary, iOx Therapeutics Ltd.

  • Greg Bailey, MD

    Greg Bailey, MD

    Chairman and Director

    Gregory Bailey is a co-founder and managing partner of MediqVentures.

    Previously he was a managing partner of Palantir Group, Inc., a merchant bank involved in a number of biotech company startups and financings. Palantir was also involved in acquiring intellectual property assets and founding companies around the IP.

    As such Greg was the co-founder of Ascent Healthcare Solutions, VirnetX Inc. (VHC:AMEX), Portage Biotech Inc. (PTGEF: OTCBB) and DuraMedic Inc. He was the initial financier and an independent director of Medivation, Inc. (MDVN:NASDAQ), from 2005 to December 2012.

    Dr. Bailey served as the Managing Director and co-Head of Life Sciences at MDB Capital Group LLC from May 2004 to December 2006.

    Greg has served on the board of directors of multiple public companies.

    Greg practiced emergency medicine for 10 years before entering finance. He received his medical degree from the University of Western Ontario.

  • Steven Mintz

    Steven Mintz

    Director

    Steven Mintz C.A. graduated from University of Toronto in 1989 and went into public accounting, working at a large accounting firm from 1989 until 1992. He obtained his C.A. designation in June of 1992. In June 1992 he became employed by a boutique bankruptcy and insolvency firm where he was employed until January 1997. He obtained his Trustee in Bankruptcy license in 1995.

    Since January 1997 he has been a self-employed financial consultant serving both private individuals and companies as well as public companies in a variety of industries including mining, oil and gas, real estate and investment strategies.

    He is currently President of St. Germain Capital Corp. a private consulting and investment firm. He is also a principle and CFO of the Minkids Group, a family investment, and development company.

    Steven is currently a Director of Pounder Venture Capital Corp., Brownstone Energy Inc., Everton Resources Inc., and Dominion General Investment corporation, where he is also the President. 


3. Country of Incorporation and Registered Office:

The Company is domiciled on the British Virgin Islands and has a registered office and billing address at FH Corporate Services Ltd., of FH Chambers, P.O. Box 4649, Road Town, Tortola, British Virgin Islands

 


4. Corporate Office

All correspondence and mail should be sent to:

c/o Portage Services Ltd
47 Avenue Rd., Suite 200
Toronto, ON M5R 2G3 Canada
Tel: 416-929-1806
Fax: 416-929-6612 


 5. Investor Relations Policy

Investor Relations Policy


6. Insider Trading Policy

Insider Trading Policy


7. Details of key advisers

Attorney (as to American Law)

Olshan Frome Wolosky LLP
Park Avenue Tower
65 East 55th Street
New York, NY 10022 USA

Contact:
Spencer Feldman
Tel: 1-212-451-2234
Email: sfeldman@olshanlaw.com

Attorney (as to Canadian Law)

Sui & Co.
The Exchange Tower
Box 427, Suite 1800
130 King Street West, ON M5X 1E3 Canada

Contact:
Erwin Sui
Tel: 416-360-6481
Email: erwin@suico.com

 

Auditors

Schwartz Levitsky Feldman LLP
2300 Yonge St., Suite 1500
Toronto, ON M4P 1E4 Canada

Contact:
Ralph Ginzburg
Tel: 416-780-2208
Email: ralph.ginzburg@slf.ca

Transfer Agent

TMX Equity Transfer Services
200 University Ave., Suite 400
Toronto, ON M5H 4H1 Canada

Contact:
Steven Nguyen
Senior Relationship Manager, Client Management
Tel: 416-607-7926
Mobile: 647-205-4123
Email: Steven.Nguyen@tmx.com