Minister Duclos Announces Investment in Canada’s Biomanufacturing Sector
Published: 2024-12-04 18:40
Ottawa, Ontario – The Honourable Jean-Yves Duclos, Minister of Health, today announced a significant investment in the development of Canada’s biomanufacturing sector.
The investment, totaling $250 million over five years, will support research and innovation in the production of biologics, advanced therapies, and other high-value bioproducts.
“This investment is a key part of our government’s strategy to strengthen Canada’s life sciences ecosystem and position our country as a leader in the global bioeconomy,” said Minister Duclos. “By investing in biomanufacturing, we are creating jobs, fostering innovation, and improving the health and well-being of Canadians.”
The funding will be used to establish a new national biomanufacturing center that will bring together researchers, industry partners, and government agencies to collaborate on the development and commercialization of new bioproducts. The center will also provide training and support for Canadian businesses looking to enter the biomanufacturing sector.
“This investment is a game-changer for the biomanufacturing sector in Canada,” said Dr. Michael May, CEO of the Canadian Biomanufacturing Research Network. “It will provide the resources and infrastructure we need to take our research and innovation to the next level and create a more competitive and sustainable bioeconomy in Canada.”
The investment in biomanufacturing is part of the government’s broader commitment to investing in science and innovation. Over the past five years, the government has invested over $1 billion in life sciences research and development.
About Biomanufacturing
Biomanufacturing is the process of using biological systems to produce therapeutic products, such as vaccines, antibodies, and stem cells. Biomanufacturing has the potential to revolutionize the way we treat and prevent diseases, and it is a key part of Canada’s health care system.
Canada is already a leader in the global biomanufacturing sector, with a number of world-leading companies based in the country. The investment announced today will help to further strengthen Canada’s position as a leader in this important field.
Contact Information:
Media Relations Health Canada (613) 957-2983
Minister Duclos to announce an investment in the biomanufacturing sector
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