-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lqx+VUUAEpWp67gXBKCQ+EoHZnaDSmjSX9K5ReEmYqL3gi880swemC1RM/O5EIe8 NG6IETFRpYljOcVHq7bwSw== 0000950123-10-091151.txt : 20101004 0000950123-10-091151.hdr.sgml : 20101004 20101004164604 ACCESSION NUMBER: 0000950123-10-091151 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20101004 DATE AS OF CHANGE: 20101004 GROUP MEMBERS: ORBIMED ADVISORS LIMITED GROUP MEMBERS: ORBIMED ADVISORS LLC GROUP MEMBERS: ORBIMED ASIA GP, LP GROUP MEMBERS: ORBIMED CAPITAL GP III LLC FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ISALY SAMUEL D CENTRAL INDEX KEY: 0001055949 FILING VALUES: FORM TYPE: SC 13D/A SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RESPONSE BIOMEDICAL CORP CENTRAL INDEX KEY: 0000806888 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TESTING LABORATORIES [8734] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81850 FILM NUMBER: 101106279 BUSINESS ADDRESS: STREET 1: 1781 - 75TH AVENUE W. CITY: VANCOUVER STATE: A1 ZIP: V6P6P2 BUSINESS PHONE: 604-456-6010 MAIL ADDRESS: STREET 1: 1781 - 75TH AVENUE W. CITY: VANCOUVER STATE: A1 ZIP: V6P6P2 SC 13D/A 1 v57003sc13dza.htm SC 13D/A sc13dza
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Response Biomedical Corp.
(Name of Issuer)
Common Shares, without par value
 
(Title of Class of Securities)
76123L204
 
(CUSIP Number)
OrbiMed Advisors LLC
OrbiMed Advisors Limited
OrbiMed Asia GP, LP
OrbiMed Capital GP III LLC
Samuel D. Isaly
767 Third Avenue, 30th Floor
New York, NY 10017
Telephone: (212) 739-6400
Attn: Eric Bittelman
 
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
September 29, 2010
 
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.
 
*   The remainder of this cover page shall be filled out for a Reporting Person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 


 

                     
CUSIP No.
 
76123L204 
 

 

           
1   NAMES OF REPORTING PERSONS

OrbiMed Advisors LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF (See Item 3)
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   8,585,900 (See Items 3, 4 and 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    8,585,900 (See Items 3, 4 and 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  8,585,900 (See Items 3, 4 and 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  22.1% (See Item 5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA

 


 

                     
CUSIP No.
 
76123L204 
 

 

           
1   NAMES OF REPORTING PERSONS

OrbiMed Advisors Limited
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF (See Item 3)
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,151,600 (See Items 3, 4 and 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    5,151,600 (See Items 3, 4 and 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,151,600 (See Items 3, 4 and 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  13.3% (See Item 5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 


 

                     
CUSIP No.
 
76123L204 
 

 

           
1   NAMES OF REPORTING PERSONS

OrbiMed Asia GP, LP
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF (See Item 3)
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Cayman Islands
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,151,600 (See Items 3, 4 and 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    5,151,600 (See Items 3, 4 and 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,151,600 (See Items 3, 4 and 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  13.3% (See Item 5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 


 

                     
CUSIP No.
 
76123L204 
 

 

           
1   NAMES OF REPORTING PERSONS

OrbiMed Capital GP III LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF (See Item 3)
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   8,504,850 (See Items 3, 4 and 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    8,504,850 (See Items 3, 4 and 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  8,504,850 (See Items 3, 4 and 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  21.9% (See Item 5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 


 

                     
CUSIP No.
 
76123L204 
 

 

           
1   NAMES OF REPORTING PERSONS

Samuel D. Isaly
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF (See Item 3)
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   13,737,500 (See Items 3, 4 and 5)
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    13,737,500 (See Items 3, 4 and 5)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  13,737,500 (See Items 3, 4 and 5)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  35.4% (See Item 5)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 


 

Item 1. Security and Issuer
     This Amendment No. 1 (the “Amendment No. 1”) to Schedule 13D supplements and amends the Statement on Schedule 13D of OrbiMed Advisors LLC, OrbiMed Advisors Limited, OrbiMed Asia GP, LP, OrbiMed Capital GP III LLC and Samuel D. Isaly originally filed on August 9, 2010 (the “Schedule 13D”) relating to the common shares, without par value (the “Shares”), of Response Biomedical Corp., a corporation continued under the laws of the Province of British Columbia (the “Issuer”), having its principal executive offices located at 1781 — 75th Avenue W., Vancouver, BC, V6P 6P2 Canada.
     Each item below amends and supplements the information disclosed under the corresponding item of the Schedule 13D. Capitalized terms defined in the Schedule 13D are used herein with their defined meanings.
Item 2. Identity and Background
     Item 2 of the Schedule 13D is hereby amended and restated in its entirety by the following:
     (a) This Statement is being filed by OrbiMed Advisors LLC (“OrbiMed Advisors”), OrbiMed Advisors Limited (“OrbiMed Limited”), OrbiMed Asia GP, LP (“OrbiMed Asia”), OrbiMed Capital GP III LLC (“OrbiMed Capital”) and Samuel D. Isaly (“Isaly”) (collectively, the “Reporting Persons”).
     (b) — (c) OrbiMed Advisors, a limited liability company organized under the laws of Delaware and a registered investment adviser under the Investment Advisers Act of 1940, as amended, is the managing member or general partner of certain entities as more particularly described in Item 6 below. OrbiMed Advisors has its principal offices at 767 Third Avenue, 30th Floor, New York, New York 10017.
     OrbiMed Limited, a corporation organized under the laws of the Cayman Islands, is the general partner of a limited partnership as more particularly described in Item 6 below. OrbiMed Limited has its principal offices at 767 Third Avenue, 30th Floor, New York, New York 10017.
     OrbiMed Asia, a limited partnership organized under the laws of the Cayman Islands, is the general partner of a limited partnership as more particularly described in Item 6 below. OrbiMed Asia has its principal offices at 767 Third Avenue, 30th Floor, New York, New York 10017.
     OrbiMed Capital, a limited liability company organized under the laws of Delaware, is the general partner of a limited partnership as more particularly described in Item 6 below. OrbiMed Capital has its principal offices at 767 Third Avenue, 30th Floor, New York, New York 10017.
     Isaly, a natural person, owns a controlling interest in OrbiMed Advisors. Isaly has his principal business address at 767 Third Avenue, 30th Floor, New York, New York 10017.
     The directors and executive officers of OrbiMed Advisors, OrbiMed Limited, OrbiMed Asia and OrbiMed Capital are set forth on Schedules I, II, III and IV, respectively, attached hereto. Schedules I, II, III and IV set forth the following information with respect to each such person:
  (i)   name;
 
  (ii)   business address;
 
  (iii)   present principal occupation of employment and the name, principal business and address of any corporation or other organization in which such employment is conducted; and
 
  (iv)   citizenship.
     (d) — (e) During the last five years, neither the Reporting Persons nor any Person named in Schedules I through IV has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
     (f) Isaly is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration

 


 

     Item 3 of the Schedule 13D is hereby amended and restated in its entirety by the following:
     Pursuant to its authority under the limited partnership agreement of Caduceus Private Investments III, LP (“Caduceus III”), as more particularly referred to in Item 6 below, on July 28, 2010, pursuant to the terms of the Subscription Agreement, OrbiMed Capital, as general partner of Caduceus III, caused Caduceus III to purchase 8,254,686 Shares using Caduceus III’s working capital in the aggregate amount of Cdn.$4,952,811.60.
     Pursuant to its authority under the limited partnership agreement of Caduceus Asia Partners, LP (“Caduceus Asia”), as more particularly referred to in Item 6 below, on July 28, 2010, pursuant to the terms of the Subscription Agreement, OrbiMed Asia caused Caduceus Asia to purchase 5,000,000 Shares using Caduceus Asia’s working capital in the aggregate amount of Cdn.$3,000,000.00. Such authority is exercised through OrbiMed Limited as the sole general partner of OrbiMed Asia, which is the sole general partner of Caduceus Asia.
     Pursuant to its authority under the limited partnership agreement of OrbiMed Associates III, LP (“OrbiMed Associates”), as more particularly referred to in Item 6 below, on July 28, 2010, pursuant to the terms of the Subscription Agreement, OrbiMed Advisors, as general partner of OrbiMed Associates, caused OrbiMed Associates to purchase 78,647 Shares using OrbiMed Associates’ working capital in the aggregate amount of Cdn.$47,188.20.
     Amendment No. 1 is being filed in connection with the acquisition by Caduceus III, Caduceus Asia and OrbiMed Associates of Shares in open market transactions on September 22, 2010 and September 29, 2010 as described below in greater detail.
     Pursuant to its authority under the limited partnership agreement of Caduceus III, on September 22, 2010 and September 29, 2010, OrbiMed Capital, as general partner of Caduceus III, caused Caduceus III to purchase an aggregate of 250,164 Shares using Caduceus III’s working capital in the aggregate amount of Cdn.$102,733.53.
     Pursuant to its authority under the limited partnership agreement of Caduceus Asia, on September 22, 2010 and September 29, 2010, OrbiMed Asia caused Caduceus Asia to purchase an aggregate of 151,600 Shares using Caduceus Asia’s working capital in the aggregate amount of Cdn.$62,255.76. Such authority is exercised through OrbiMed Limited as the sole general partner of OrbiMed Asia, which is the sole general partner of Caduceus Asia.
     Pursuant to its authority under the limited partnership agreement of OrbiMed Associates, on September 22, 2010 and September 29, 2010, OrbiMed Advisors, as general partner of OrbiMed Associates, caused OrbiMed Associates to purchase an aggregate of 2,403 Shares using OrbiMed Associates’ working capital in the aggregate amount of Cdn.$986.93.
Item 5. Interest in Securities of the Issuer
     Item 5 of the Schedule 13D is hereby amended and restated in its entirety by the following:
     (a) — (b) The following disclosure assumes that there are 38,800,755 Shares outstanding, which number is based upon information contained in the most recent available filing by the Issuer with the SEC (as adjusted to reflect the issuance of 13,333,333 Shares pursuant to the Subscription Agreement).
     The 5,151,600 Shares held by Caduceus Asia constitute approximately 13.3% of the issued and outstanding Shares. OrbiMed Asia is the sole general partner of Caduceus Asia pursuant to the terms of the limited partnership agreement of Caduceus Asia and OrbiMed Limited is the sole general partner of OrbiMed Asia pursuant to the terms of the limited partnership agreement of OrbiMed Asia. As a result, OrbiMed Asia has the power to direct the vote and to direct the disposition of the Shares held by Caduceus Asia described in Item 3 and such power is exercised through OrbiMed Limited. OrbiMed Limited exercises this investment power through an investment committee (the “Committee”) comprised of Isaly, Carl L. Gordon, Nancy T. Chang, Jonathan J. Wang and Sunny Sharma, each of whom disclaims beneficial ownership of the Shares held by Caduceus Asia, except to the extent of their pecuniary interest therein. As a result, OrbiMed Asia, OrbiMed Limited and Isaly (pursuant to his membership on the Committee) may be deemed directly or indirectly, including by reason of their mutual affiliation, to be the beneficial owners of the Shares held by Caduceus Asia and to share power to direct the vote and the disposition of the Shares held by Caduceus Asia.
     As of the date of this filing, OrbiMed Capital, OrbiMed Advisors and Isaly may be deemed directly or indirectly, including by reason of their mutual affiliation, to be the beneficial owners of the Shares held by Caduceus III described in Item 3. The 8,504,850 Shares held by Caduceus III constitute approximately 21.9% of the issued and outstanding Shares. Isaly owns a controlling interest in OrbiMed Advisors pursuant to the terms of its limited liability company agreement. OrbiMed Advisors is the sole managing member of OrbiMed Capital and OrbiMed Capital is the sole general partner of Caduceus III. As a result, Isaly, OrbiMed Advisors and OrbiMed Capital share power to direct the vote and to direct the disposition of the Shares held by Caduceus III described in Item 3.

 


 

     As of the date of this filing, OrbiMed Advisors and Isaly may be deemed directly or indirectly, including by reason of their mutual affiliation, to be the beneficial owners of the Shares held by OrbiMed Associates described in Item 3. The 81,050 Shares held by OrbiMed Associates constitute approximately 0.2% of the issued and outstanding Shares. Isaly owns a controlling interest in OrbiMed Advisors pursuant to the terms of its limited liability company agreement. As a result, Isaly and OrbiMed Advisors share power to direct the vote and to direct the disposition of the Shares held by OrbiMed Associates described in Item 3.
     (c) Other than the Shares acquired pursuant to the Subscription Agreement (as described in the Schedule 13D), none of the Reporting Persons has effected any transaction during the past sixty (60) days in any Shares except for the following open market purchase transactions as set forth below:
                     
        Number of    
Date of       Shares   Price per
Transaction   Purchasing Entity   Acquired   Share(1)
September 22, 2010
  Caduceus III     233,214       Cdn.$0.4112  
September 22, 2010
  Caduceus Asia     141,200       Cdn.$0.4112  
September 22, 2010
  OrbiMed Associates     2,253       Cdn.$0.4112  
September 29, 2010
  Caduceus III     16,950       Cdn.$0.4033  
September 29, 2010
  Caduceus Asia     10,400       Cdn.$0.4033  
September 29, 2010
  OrbiMed Associates     150       Cdn.$0.4033  
 
(1)   Represents average price per share paid on such date.
     (d) Not applicable.
     (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
     Item 6 of the Schedule 13D is hereby amended and restated in its entirety by the following:
     In addition to the relationships between the Reporting Persons described in Item 5, OrbiMed Capital is the sole general partner of Caduceus III, pursuant to the terms of the limited partnership agreement of Caduceus III. Pursuant to this agreement and relationship, OrbiMed Capital has discretionary investment management authority with respect to the assets of Caduceus III. Such authority includes the power to vote and otherwise dispose of securities purchased by Caduceus III. The number of outstanding Shares of the Issuer attributable to Caduceus III is 8,504,850. OrbiMed Capital, pursuant to its authority under the limited partnership agreement of Caduceus III, may be considered to hold indirectly 8,504,850 Shares.
     OrbiMed Advisors is the sole managing member of OrbiMed Capital, pursuant to the terms of the limited liability company agreement of OrbiMed Capital. Pursuant to these agreements and relationships, OrbiMed Advisors and OrbiMed Capital have discretionary investment management authority with respect to the assets of Caduceus III. Such authority includes the power of OrbiMed Capital to vote and otherwise dispose of securities purchased by Caduceus III. The number of outstanding Shares attributable to Caduceus III is 8,504,850 Shares. OrbiMed Advisors is also the general partner of OrbiMed Associates, pursuant to the terms of the limited partnership agreement of OrbiMed Associates. Pursuant to this agreement and relationship, OrbiMed Advisors has discretionary investment management authority with respect to the assets of OrbiMed Associates. Such authority includes the power to vote and otherwise dispose of securities purchased by OrbiMed Associates. The number of outstanding Shares of Issuer attributable to OrbiMed Associates is 81,050. OrbiMed Advisors, pursuant to its authority under its limited partnership agreement with OrbiMed Associates, may be considered to hold indirectly 81,050 Shares.
     OrbiMed Asia is the sole general partner of Caduceus Asia pursuant to the terms of the limited partnership agreement of Caduceus Asia. OrbiMed Limited is the sole general partner of OrbiMed Asia pursuant to the terms of the limited partnership agreement of OrbiMed Asia. OrbiMed Limited established the Committee by written resolutions adopted on July 28, 2010. Pursuant to these agreements, resolutions and relationships, OrbiMed Asia has discretionary investment management authority with respect to the assets of Caduceus Asia and such discretionary investment management authority is exercised through OrbiMed Limited by action of the Committee. Such authority includes the power to vote and otherwise dispose of securities purchased by Caduceus Asia. The number of outstanding Shares of the Issuer attributable to Caduceus Asia is 5,151,600. OrbiMed Asia, as the general partner of

 


 

Caduceus Asia, may be considered to hold indirectly 5,151,600 Shares, and OrbiMed Limited, as the general partner of OrbiMed Asia, may be considered to hold indirectly 5,151,600 Shares.
     As noted in Item 4 of the Schedule 13D, Peter Thompson, M.D. and Jonathan J. Wang (individuals designated by Caduceus III to sit on the Issuer’s Board), are members of the Issuer’s Board and, accordingly, the Reporting Persons may have the ability to effect and influence control of the Issuer.
     Other than the agreements and the relationships mentioned above, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any persons with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the Shares, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving of withholding of proxies.
Item 7. Material to Be Filed as Exhibits
     Item 7 of the Schedule 13D is hereby amended and supplemented by adding at the end thereto the following:
     
Exhibit   Title
C
  Joint Filing Agreement, dated as of October 4, 2010, by and among OrbiMed Advisors LLC, OrbiMed Advisors Limited, OrbiMed Asia GP, LP, OrbiMed Capital GP III LLC and Samuel D. Isaly.

 


 

Signature
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
Dated: October 4, 2010  ORBIMED ADVISORS LLC
a Delaware Limited Liability Company
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Managing Member   
 
  ORBIMED ADVISORS LIMITED
a Cayman Islands corporation
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Director   
 
  ORBIMED ASIA GP, LP
a Cayman Islands limited partnership
 
 
  By:   ORBIMED ADVISORS LIMITED, its general partner    
     
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Director   
 
  ORBIMED CAPITAL GP III LLC
a Delaware limited liability company
 
 
  By:   ORBIMED ADVISORS LLC, its managing member    
     
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Managing Member   
 
  SAMUEL D. ISALY
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
       

 


 

         
SCHEDULE I
     The names and present principal occupations of each of the executive officers and directors of OrbiMed Advisors LLC are set forth below. Unless otherwise noted, each of these persons is a United States citizen and has a business address of 767 Third Avenue, New York, NY 10017.
         
Name   Position with Reporting Person   Principal Occupation
Samuel D. Isaly
  Managing Member   Member
 
      OrbiMed Advisors LLC
 
       
Michael B. Sheffery
  Member   Member
 
      OrbiMed Advisors LLC
 
       
Carl L. Gordon
  Member   Member
 
      OrbiMed Advisors LLC
 
       
Sven H. Borho
  Member   Member
German and Swedish Citizen
      OrbiMed Advisors LLC
 
       
Jonathan T. Silverstein
  Member   Member
 
      OrbiMed Advisors LLC
 
       
W. Carter Neild
  Member   Member
 
      OrbiMed Advisors LLC
 
       
Geoffrey C. Hsu
  Member   Member
 
      OrbiMed Advisors LLC
 
       
Eric A. Bittelman
  Chief Financial Officer And
Chief Compliance Officer
  CFO/CCO
OrbiMed Advisors LLC
SCHEDULE II
     The names and present principal occupations of each of the executive officers and directors of OrbiMed Advisors Limited are set forth below. Unless otherwise noted, each of these persons is a United States citizen and has a business address of 767 Third Avenue, New York, NY 10017.
         
Name   Position with Reporting Person   Principal Occupation
Samuel D. Isaly
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Michael B. Sheffery
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Carl L. Gordon
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Sven H. Borho
  Director   Director
German and Swedish Citizen
      OrbiMed Advisors Limited
 
       
Jonathan T. Silverstein
  Director   Director
 
      OrbiMed Advisors Limited
 
       
W. Carter Neild
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Geoffrey C. Hsu
  Director   Director
 
      OrbiMed Advisors Limited

 


 

         
Name   Position with Reporting Person   Principal Occupation
Nancy T. Chang
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Jonathan J. Wang
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Sunny Sharma
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Alexander M. Cooper
  Director   Director
 
      OrbiMed Advisors Limited
 
       
Eric A. Bittelman
  Chief Financial Officer   CFO
 
      OrbiMed Advisors Limited
SCHEDULE III
     The business and operations of OrbiMed Asia GP, LP are managed by the executive officers and directors of its sole general partner, OrbiMed Advisors Limited, set forth on Schedule II hereto.
SCHEDULE IV
     The business and operations of OrbiMed Capital GP III LLC are managed by the executive officers and directors of its managing member, OrbiMed Advisors LLC, set forth on Schedule I attached hereto.

 

EX-99.C 2 v57003exv99wc.htm EX-99.C exv99wc
Exhibit C
JOINT FILING AGREEMENT
     The undersigned hereby agree that the Statement on Schedule 13D, dated August 9, 2010 (the “Schedule 13D”), and the Amendment No. 1 to the Schedule 13D, dated October 4, 2010 (the “Amendment No. 1”), (including any subsequent amendments, restatements, supplements, and/or exhibits thereto) with respect to the common shares, without par value, of Response Biomedical Corp. was and is filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, and that this Agreement shall be included as an Exhibit to this Amendment No. 1. Each of the undersigned agrees to be responsible for the timely filing of the Amendment No. 1, and for the completeness and accuracy of the information concerning itself contained therein. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.
          IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the 4th day of October, 2010.
         
Dated: October 4, 2010  ORBIMED ADVISORS LLC
a Delaware Limited Liability Company
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Managing Member   
 
  ORBIMED ADVISORS LIMITED
a Cayman Islands corporation
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Director   
 
  ORBIMED ASIA GP, LP
a Cayman Islands limited partnership
 
 
  By:   ORBIMED ADVISORS LIMITED, its general partner    
     
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Director   
 
  ORBIMED CAPITAL GP III LLC
a Delaware limited liability company
 
 
  By:   ORBIMED ADVISORS LLC, its managing member    
     
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
    Managing Member   
 
  SAMUEL D. ISALY
 
 
  By:   /s/ Samuel D. Isaly    
    Samuel D. Isaly   
       
 

 

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