Posts tagged investment
Quebec’s Life Sciences Strategy 2022-2025: A Promising Plan for BIOQuébec’s Members and Quebec’s Life Sciences Industry

BROMONT, Québec--(BUSINESS WIRE)--BIOQuébec welcomes the tabling of the 2022-2025 Quebec Life Sciences Strategy (QLSS) which will support - and above all, foster - the growth of Quebec’s life sciences ecosystem. The second version of the QLSS features three major objectives, five areas of focus, and ten promising measures for the industry.

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Lumira Ventures Closes on US$255 Million of New Capital to Build Transformative Healthcare Companies

TORONTO, MONTREAL, VANCOUVER, BC and BOSTON, July 26, 2021 /CNW/ - Lumira Ventures today announced a significant expansion of its capital base to support the founding and building of innovative healthcare companies in Canada and the U.S. The closing of the oversubscribed Lumira Ventures IV at US$220 million represents the largest fund Lumira has raised to date, and the largest institutional life sciences venture capital fund ever raised in Canada. In parallel, Lumira closed a strategic venture fund in partnership with an international pharmaceutical company. Collectively, the new funds represent over US$255 million (C$321 million) of committed capital.

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Génome Québec announces an overall investment of $18.4 M in innovative research projects on the environment

Génome Québec announced today a total investment of $18.4 million in innovative projects on the environment. The Board of Directors of Genome Canada approved funding for eight Canadian projects under the Genomic Solutions for Natural Resources and the Environment competition with a budget allocation of $58.6 million. Six of the eight projects involve Québec researchers, which means Québec is receiving 31% of the overall budget available nationwide

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CQDM invests in Montreal-based regenerative medicine company, Morphocell Technologies

Montréal – Québec – July 7 – CQDM is proud to announce an investment of $260,100 in Morphocell Technologies, a Montréal- based early-stage regenerative medicine company focused on the development of stem cell-derived engineered liver tissue to treat liver disease. Founded in 2018 to develop ReLiver®, a highly innovative platform technology which has shown immense promise in animal models to restore liver function, treat complications and accelerate liver regeneration, Morphocell has the potential to revolutionize the treatment of liver failure and save patient lives.

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Biotechnology: a key sector for recovery. Investors, entrepreneurs and scientists all working together will help build Québec's economic prosperity.

The COVID-19 pandemic has underlined the essential role of the biotechnology sector. Québec has a wealth of talented researchers and entrepreneurs in several specialties, including neurology, oncology, rare diseases and cardiology. And investors in the province believe that the life sciences will play a major economic role in the post-coronavirus era.

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Repare Therapeutics Announces Multi-Target Discovery Collaboration with Bristol Myers Squibb

CAMBRIDGE, Mass. & MONTREAL--(BUSINESS WIRE)--Repare Therapeutics Inc. (“Repare”), a precision oncology company pioneering synthetic lethality to develop novel therapeutics that target specific vulnerabilities of tumors in genetically defined patient populations, today announced it has entered into an exclusive, worldwide research collaboration with Bristol Myers Squibb (BMS) (NYSE:BMY).

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