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Vancouver-based biotech company Allon Therapeutics Inc. has been awarded US$500,000 in grants from the U.S. government to fund development of its clinical-stage neuroprotective drug candidate davunetide and preclinical-stage drug candidate AL-309.

B.C.’s residential sales activity via the Multiple Listing Service (MLS) is expected to drop next year, according to the Canadian Real Estate Association (CREA).

Employment figures across the country remained “virtually unchanged” in October, according to Statistics Canada.

Encouraging customers to disconnect from landlines is paying off for B.C.’s largest public company. In its third quarter results released Friday, Telus Corp.

Vancouver-based gold miner New Gold Inc. (TSX:NGD) boosted revenue 44% to $127.1 million in the third quarter of 2010 thanks to increased gold sales and a higher average realized gold price during the year.

Richmond’s MacDonald, Dettwiler and Associates Ltd. (TSX: MDA) is selling its property information division for $850 million to San Francisco-based private equity firm TPG Capital.

Much speculation following Premier Gordon Campbell’s announcement that he is stepping down has focused on the fate of the harmonized sales tax (HST).

Two days after Ottawa shutdown plans for an $814 million copper-gold mine near Williams Lake, the proponent has slashed 65 jobs. Vancouver-based Taseko Mines Ltd.

Mr. Lube Canada is selling 23 of its 24 corporate stores to five franchisees so it can focus on being a better franchisor, according to company president Stuart Suls.

Emirates Airlines might have to wait before accessing Vancouver International Airport (YVR), but Air Canada is stepping up its presence. Canada’s largest airline announced Thursday it would add new flights from Vancouver to Tokyo in 2011.