Isotechnika Receives an Arizona Bio Expo 2005 Award

Isotechnika Inc., an Edmonton, Alberta, Canada-based biopharmaceutical company, was named Biotechnology Company of the Year at the Arizona Bio Expo 2005.

Isotechnika is "focused on the development of immunosuppressive therapies that are safer than current treatments." The company opened its first U.S. operations in Scottsdale in 2003.

On 04 April 2005, ISO.TO shares opened at 2.55 CAD. If we wanted to buy some shares, we would pay for them using U.S. dollars (USD); therefore, we must convert from CAN (Canadian Dollar) to USD.

   Solve:  2.55 CAD equals ??? USD

   Given:  1 CAD equals 0.819 USD


   Solution:  

   1) setup a proportion

      ??? USD     0.819 USD
      -------- =  ---------
      2.55 CAD      1 CAD

   2) solve for ??? by multiplying both sides by 2.55 CAD

                 ??? USD     0.819 USD
      2.55 CAD x -------- =  --------- x 2.55 CAD
                 2.55 CAD      1 CAD

                 ??? USD     0.819 USD
      2.55 CAD x -------- =  --------- x 2.55 CAD
                 2.55 CAD      1 CAD

      ??? = 0.819 x 2.55

      2.089 USD
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Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 04 April 2005

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