The world’s largest pharmaceutical companies conduct a wide range of operations in Canada, from R&D and manufacturing, to marketing and product development.
“ The development of PRADAX® represents an important milestone in Canadian pharmaceutical history (...) we are proud to say this global program was coordinated out of McMaster University in Hamilton, Ontario. ”
Dr. Theodore Witek, President and CEO, Boehringer Ingelheim (Canada) Ltd.
Strong flows of intellectual and innovation capital drive the development of Canada’s life-sciences industry. Incentives and grants from federal, provincial and local governments help ensure well-funded collaborative R&D. In 2010, the sector included three of the top foreign R&D investors in Canada, spending a combined total of nearly $300 million and ranking among the country’s top R&D firms.
Investments in Canada by foreign firms since 2011:
- Sanofi Pasteur (France) announced plans to build a $101 million vaccine R&D facility in Toronto.
- Novartis Pharmaceuticals Canada (Switzerland) announced that its $40 million global clinical-trials study of cardiovascular disease would be based in Hamilton, Ontario.
- Teva (Israel) invested $56 million in its Stouffville, Ontario plant to upgrade and expand production of generic drugs.
Biopharmaceutical Investment News – provided by ShiftCentral
2014-04-09 - Silicon Valley firm pegs Halifax as research HQ
2014-01-19 - Domain Therapeutics opens subsidiary in Montreal
2013-12-08 - Versant Ventures opens Vancouver office
2013-09-29 - Merck invests $4M in patient-oriented research
2013-09-09 - Almirall opens subsidiary in Canada
Investment Promotion Agencies
Provincial IPAs :
- Alberta Economic Development
- Invest British Columbia
- Invest in Manitoba
- Nova Scotia Business Inc.
- Invest in Ontario
- Innovation PEI
- Invest Quebec
- Enterprise Saskatchewan
Also see Municipal IPAs
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