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Miraculins awarded
MIRACULINS Inc. will receive the Life Science Company of the Year Award for 2012 from the Life Science Association of Manitoba.
Last year, the company successfully launched its PreVu skin cholesterol test in pharmacies across Canada.
The technology is a revolutionary new coronary artery disease risk-assessment technology that measures cholesterol levels in a patient's skin non-invasively, painlessly and without the need for fasting.
Miraculins is also working with Alere Inc., one of the world's largest diagnostic companies, on a suite of biomarkers to aid in the early detection of pre-eclampsia, a devastating disease of pregnancy.
The award is presented annually to a private-sector company based in Manitoba that has made a positive impact on the life-sciences sector in the past year and is active in paving the road toward future wealth and job creation in the province. Past winners include IMRIS, Biovail and Cangene. LSAM will present the award at a ceremony on Feb. 13.
Banker paid royally
TORONTO -- Royal Bank chief executive Gord Nixon received a pay increase last year after taking a million-dollar pay cut in 2011.
The CEO earned $12.6 million in 2012, marking a raise from $10.1 million in 2011, according to the bank's annual disclosure released Monday.
Nixon had seen his 2011 paycheque decline from $11 million in 2010, as the bank took a hit related to the sale of its U.S. regional retail banking operations and the resulting writeoff.
But the bank said the CEO met or exceeded all of the objectives set out for him by the board of directors in 2012, despite "challenging market conditions."
The bank said it delivered record earnings of $7.5 billion, while it also lowered the risk on its balance sheet.
While the 2012 salaries of other bank CEOs are still to be reported, TD Bank CEO Ed Clark's pay came in at about $11.3 million in 2011, while Scotiabank's Rick Waugh earned roughly $10.6 million that year.
-- from staff, news services
Republished from the Winnipeg Free Press print edition February 5, 2013 B4
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