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One of B.C.'s largest biotech companies has been bought by Swiss pharmaceutical firm Galenica Group for US$915 million. Galenica will pay US$26 per share in an all cash deal for Aspreva Pharmaecuticals Corp. (TSX:ASV; Nasdaq:ASPV).

Vancouver's Bayswater Uranium Corp. (TSX-V:BAY) will acquire Northern Canadian Uranium Inc. (TSX-V:NCA) in an all share deal worth an estimated $20.4 million.

Vancouver's Smartcool Systems Inc. (TSX-V:SSC), which develops energy saving equipment, has signed an exclusive distributor agreement with a German group to sell Smartcool products in that European country.

Toronto-based insurance giant Royal & SunAlliance Canada Group has acquired Vancouver's Canadian Northern Shield Insurance Company from the CUMIS Group Ltd. for $75 million.

Vancouver-headquartered Lululemon Athletica Inc. (Nasdaq:LULU; TSX:LLL) expects its third-quarter store sales to double for the period ending October 31, 2007.

Burnaby's MetroBridge Networks International Inc. (TSX-V:MEB) has bought Winnipeg-based WiBand Communications Corp. for $9 million. The deal is part of the company's growth strategy to acquire similar businesses with strong commercial clientele.

FortisBC (TSX:FTS)has applied to the B.C. Utilities Commission to increase its electricity rates by 4%. The company, which supplies electricity to 152,000 customers in south-central B.C.

Vancouver venture capital fund Lions Capital Corp. has agreed to buy the fund management agreement for Pender NDI Life Sciences Fund from NDI Investment Management Inc. and Pender Fund Capital Management Ltd.

Maximizer Software Inc. (TSX:MAX) recorded a net loss for its third quarter ending August 31 due to increased costs and lower revenue.

A 12.4% increase in quarterly revenue helped double quarterly profits for Vancouver's Amica Mature Lifestyles Inc. (TSX:ACC) in its fiscal first quarter ending August 31. Revenue rose to $11.