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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001144204-08-019986.txt : 20080401
<SEC-HEADER>0001144204-08-019986.hdr.sgml : 20080401
<ACCEPTANCE-DATETIME>20080401185557
ACCESSION NUMBER:		0001144204-08-019986
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080401
FILED AS OF DATE:		20080401
DATE AS OF CHANGE:		20080401

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Osteologix, Inc.
		CENTRAL INDEX KEY:			0001278129
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				320104570
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		425 MARKET STREET
		STREET 2:		SUITE 2230
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		(415) 955-2726

	MAIL ADDRESS:	
		STREET 1:		425 MARKET STREET
		STREET 2:		SUITE 2230
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CASTLE & MORGAN HOLDINGS INC
		DATE OF NAME CHANGE:	20040130

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COOK JEREMY CURNOCK
		CENTRAL INDEX KEY:			0001216486

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-112754
		FILM NUMBER:		08730917

	MAIL ADDRESS:	
		STREET 1:		TARGETED GENETICS CORP
		STREET 2:		1100 OLIVE WAY STE 100
		CITY:			SEATTLE
		STATE:			WA
		ZIP:			98101
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v109289_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-04-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001278129</issuerCik>
        <issuerName>Osteologix, Inc.</issuerName>
        <issuerTradingSymbol>OLGX.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216486</rptOwnerCik>
            <rptOwnerName>COOK JEREMY CURNOCK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OSTEOLOGIX, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>425 MARKET STREET, SUITE 2230</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.0001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2008-04-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4583</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.20</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>27482</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Jeremy Curnock Cook is Executive Director of Bioscience Managers Limited, which has voting and dispositive power for
 1,914,000 shares owned by BML Healthcare I, LP (&quot;BML&quot;), the number of shares beneficially owned does not reflect such shares
 held by BML. Mr. Cook disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest
 therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Matthew M. Loar, attorney in fact</signatureName>
        <signatureDate>2008-04-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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