AVAC invests in natural health company

AVAC Ltd has invested $2.9 million in SinoVeda Canada Inc to assist the company's development of human phytomedicinal products. One of its potential products for the treatment of osteoporosis uses red clover, which is currently grown only for livestock grazing. The Edmonton-based company is also developing a Chinese herbal ingredient to prevent and treat angina and is perfecting the extraction of calcium from cultured pearls. SidoVeda was founded in 2006 by Dr Yun Tam, a former Univ of Alberta professor of pharmaceutical sciences, and his wife, Dr Nuzhat Tam-Zaman....