Proceedings.

KalGene Inc.

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Active
Proceeding
Bankruptcysection 49 of the Bankruptcy and Insolvency Act
Court
Superior Court of Québec
File
500-11-067189-262
Filings held3
Last activity29 Apr 2026
On the record145 days
OverviewSummary updated

KalGene Inc. is bankrupt under the Bankruptcy and Insolvency Act, the bankruptcy taking effect at 14:36 on April 29, 2026. The proceeding is active and carries court file number 500-11-067189-262. The record to date consists of a single filing, made on the commencement date: a court officer's report fixing the date and time of the bankruptcy. No further steps have been recorded in the proceeding.

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Case updates3 dated entries
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Outcome brief

KalGene: the asset was a licence, and the NRC took it back

A Montreal biotech spent nineteen years developing an Alzheimer's drug candidate on technology licensed from the National Research Council. Development substantially stopped in late 2022. In January 2025 the NRC terminated the licence. The statement of affairs shows $22.6 million of liabilities, all unsecured, against roughly $38,000 of assets — and no distribution is expected.

Parties

Debtor

KalGene Inc.

Trustee in bankruptcy

KPMG

Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredAuctus FundPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$1.53MNotice of bankruptcy and first meeting of creditors
UnsecuredAuctus Fund, LLCPromissory notes; distinct entity from 'Auctus Fund' — debtor: KalGene Inc. · as of 29 Apr 2026$1.31MNotice of bankruptcy and first meeting of creditors
UnsecuredAshur Holdings, L.P.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$585KNotice of bankruptcy and first meeting of creditors
UnsecuredAmplifyBioAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$576KNotice of bankruptcy and first meeting of creditors
UnsecuredCelltheonAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$518KNotice of bankruptcy and first meeting of creditors
UnsecuredColomba Therapeutics Inc.Accounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$503KNotice of bankruptcy and first meeting of creditors
UnsecuredVista Capital Investments, LLCPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$479KNotice of bankruptcy and first meeting of creditors
UnsecuredBryan & Angela WoodPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$460KNotice of bankruptcy and first meeting of creditors
UnsecuredFamosus Holdings LimitedPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$363KNotice of bankruptcy and first meeting of creditors
UnsecuredCooleyAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$355KNotice of bankruptcy and first meeting of creditors
Unsecured1212805 Ontario Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$345KNotice of bankruptcy and first meeting of creditors
UnsecuredAntonio R. RiveraPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$195KNotice of bankruptcy and first meeting of creditors
UnsecuredFrancisco SilvaPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$188KNotice of bankruptcy and first meeting of creditors
UnsecuredBrandon StantonPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$184KNotice of bankruptcy and first meeting of creditors
UnsecuredWT Holdings, LPPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$183KNotice of bankruptcy and first meeting of creditors
UnsecuredAndy MaggisanoPromissory notes; separate note claim — debtor: KalGene Inc. · as of 29 Apr 2026$173KNotice of bankruptcy and first meeting of creditors
UnsecuredChenel Capital, LLCPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$172KNotice of bankruptcy and first meeting of creditors
UnsecuredCody Braydon ReedPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$161KNotice of bankruptcy and first meeting of creditors
UnsecuredDonato CarlonePromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$153KNotice of bankruptcy and first meeting of creditors
UnsecuredVaccarello Investments Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$144KNotice of bankruptcy and first meeting of creditors
UnsecuredWaloope ReinsurancePromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$144KNotice of bankruptcy and first meeting of creditors
UnsecuredErnst & Young LLP · in 28 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$103KNotice of bankruptcy and first meeting of creditors
UnsecuredDogma Holdings Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$97.5KNotice of bankruptcy and first meeting of creditors
UnsecuredWestside Strategic Partners, LLCPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$97.5KNotice of bankruptcy and first meeting of creditors
UnsecuredFarhad AmirkhaniPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$95.8KNotice of bankruptcy and first meeting of creditors
UnsecuredDragon Capital Corp.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$95.8KNotice of bankruptcy and first meeting of creditors
UnsecuredChristopher FrattaroliPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$95.8KNotice of bankruptcy and first meeting of creditors
UnsecuredAnthony GiovinazzoPromissory notes; related party - Anthony Giovinazzo is the individual who swore/signed the Statement of Affairs on behalf of the bankrupt corporation, indicating a director/officer relationship — debtor: KalGene Inc. · as of 29 Apr 2026$95.8KNotice of bankruptcy and first meeting of creditors
UnsecuredAmerico Cascella Separate Property TrustPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$92KNotice of bankruptcy and first meeting of creditors
UnsecuredBennett Jones LLP · in 26 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$86.2KNotice of bankruptcy and first meeting of creditors
UnsecuredAndy MaggisanoPromissory notes; creditor listed with multiple separate note claims — debtor: KalGene Inc. · as of 29 Apr 2026$71.7KNotice of bankruptcy and first meeting of creditors
UnsecuredBonnie-Jeanne GeretyPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$71.7KNotice of bankruptcy and first meeting of creditors
UnsecuredGerry MaggisanoPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$71.7KNotice of bankruptcy and first meeting of creditors
UnsecuredDarren WolpertPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$71.7KNotice of bankruptcy and first meeting of creditors
UnsecuredAndrea MaggisanoPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$70.5KNotice of bankruptcy and first meeting of creditors
Unsecured370271 Ontario LimitedPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$69KNotice of bankruptcy and first meeting of creditors
UnsecuredComparitive Biosciences, INc.Accounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$68.1KNotice of bankruptcy and first meeting of creditors
UnsecuredAndy MaggisanoPromissory notes; separate note claim — debtor: KalGene Inc. · as of 29 Apr 2026$67.6KNotice of bankruptcy and first meeting of creditors
UnsecuredAntonio PizzardiPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$64.8KNotice of bankruptcy and first meeting of creditors
UnsecuredDiamond Bridgelend Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$64.8KNotice of bankruptcy and first meeting of creditors
UnsecuredBhavanesh MakanjeePromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$64.8KNotice of bankruptcy and first meeting of creditors
UnsecuredBen HealeyPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$57.5KNotice of bankruptcy and first meeting of creditors
Unsecured2932526 Ontario Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$56.4KNotice of bankruptcy and first meeting of creditors
UnsecuredAjay and Meena PahwaPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$47.9KNotice of bankruptcy and first meeting of creditors
UnsecuredVinjopa Investments Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$47.9KNotice of bankruptcy and first meeting of creditors
UnsecuredDroppert-Ngassam InvestmentsPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$46.9KNotice of bankruptcy and first meeting of creditors
Unsecured9069-3284 Québec Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$46.9KNotice of bankruptcy and first meeting of creditors
UnsecuredZytek Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$46.9KNotice of bankruptcy and first meeting of creditors
UnsecuredAnick MassePromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$46KNotice of bankruptcy and first meeting of creditors
UnsecuredBrames InvestmentsPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$38.3KNotice of bankruptcy and first meeting of creditors
UnsecuredUperion Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$34.5KNotice of bankruptcy and first meeting of creditors
UnsecuredCondor Holding CorpPromissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$33.8KNotice of bankruptcy and first meeting of creditors
UnsecuredWilshire Consulting Services Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$28.7KNotice of bankruptcy and first meeting of creditors
Unsecured1613 Contractor & Placement Services Inc.Promissory notes — debtor: KalGene Inc. · as of 29 Apr 2026$17.3KNotice of bankruptcy and first meeting of creditors
UnsecuredAmpersand Consulting, Inc.Accounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$11.1KNotice of bankruptcy and first meeting of creditors
UnsecuredAlphalyse Inc.Accounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$10.2KNotice of bankruptcy and first meeting of creditors
UnsecuredDonnelley Financial Solutions Canada Corporation · in 4 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$6.13KNotice of bankruptcy and first meeting of creditors
UnsecuredDigital Days · in 2 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$2.29KNotice of bankruptcy and first meeting of creditors
UnsecuredCSC · in 6 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$596Notice of bankruptcy and first meeting of creditors
UnsecuredCRDS Technology Group IncAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$459Notice of bankruptcy and first meeting of creditors
UnsecuredADP · in 6 casesAccounts payable — debtor: KalGene Inc. · as of 29 Apr 2026$149Notice of bankruptcy and first meeting of creditors
RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedReport on the Trustee's Preliminary Administration · 19 May 2026

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the trusteeReport on the Trustee's Preliminary Administration · 19 May 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing$37.9K
Total liabilities at filing$22.7M

As at 29 Apr 2026 · per Statement of Affairs (Form 78), totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · KalGene Inc. (single entity, the bankrupt corporation) — Secured creditors and Preferred creditors/securities/priorities both reported as $0.00 in the Statement of Affairs (page 3), i.e. the document states no secured or preferred claims. Unsecured creditors total $22,671,397.39 (matches the sum of the itemized List of Liabilities, 126 named creditors, of which only creditors #1-52 and #118-126 appear on the pages provided; creditors #53-117 are not included in the excerpted pages). Total assets $37,888.32 (cash on hand only). Deficiency stated as -$22,633,509.07.

Documents3 filings
DateDocumentFile
Report on the Trustee's Preliminary Administration
  • Appointee KPMG Inc.
  • Appointee role Trustee
  • Commencement date 29 April 2026
  • Court S U P E R I O R C O U R T
  • + 5 more extracted facts
PDF
Notice of bankruptcy and first meeting of creditors
  • Commencement date 29 April 2026
  • Court S U P E R I O R C O U R T
  • Court file no 500-11-067189-262
  • Financial position Assets $37.9K · Liabilities $22.7M · as at 29 Apr 2026 · per Statement of Affairs (Form 78), totals from the list of assets and liabilities as stated and estimated by bankrupt/debtor · KalGene Inc. (single entity, the bankrupt corporation) — Secured creditors and Preferred creditors/securities/priorities both reported as $0.00 in the Statement of Affairs (page 3), i.e. the document states no secured or preferred claims. Unsecured creditors total $22,671,397.39 (matches the sum of the itemized List of Liabilities, 126 named creditors, of which only creditors #1-52 and #118-126 appear on the pages provided; creditors #53-117 are not included in the excerpted pages). Total assets $37,888.32 (cash on hand only). Deficiency stated as -$22,633,509.07.
  • + 3 more extracted facts
PDF
Certificate of appointment
  • Appointee KPMG INC.
  • Appointee role trustee
  • Commencement date 29 April 2026
  • Court file no 500-11-067189-262
  • + 1 more extracted fact
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “KalGene Inc.” (Bankruptcy), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/kalgene-inc

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Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/kalgene-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.