Monday, June 24, 2024

Ontario Promotes Growing Life Sciences Sector During Trade Mission to Boston

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33 Ontario biotech and pharma organizations showcase provinces innovation and workforce

After a successful trade mission to Boston, the Ontario government looked into new opportunities for investment and job creation and promoted the expanding life sciences industry in the province. A delegation of 33 businesses and organizations was led by Minister of Economic Development, Job Creation, and Trade Vic Fedeli to the BIO International Convention, the largest life sciences conference in the world.

Minister Fedeli stated, “By showcasing our growing life sciences sector around the world, Ontario is building on its long history of innovation and excellence.” At the BIO International Convention, Ontario-based businesses displayed innovative medical equipment, transformative medicines, and treatments for life-threatening diseases. We are fostering new opportunities for Ontario, building relationships, and attracting new investments together.

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Over the past two and a half years, international biomanufacturers and life sciences companies have invested more than $3 billion in Ontario. This mission based on that accomplishment by assisting organizations with investigating chances to put resources into Ontario and fashion new associations. The mission included meetings with Moderna, GSK, and AbbVie to talk about their current Ontario operations and growth opportunities.

According to Trevor Dauphinee, CEO of Invest Ontario, “Ontario is the leading hub for life sciences in Canada, and by engaging directly with industry executives, Invest Ontario is able to better support businesses interested in investing in the province.” We were glad to partake in the current year’s Profile Worldwide Show to exhibit why Ontario stands apart as a main objective for business speculation.”

Ontario is still a great place for businesses to invest and expand because of its competitive business climate, world-class workforce, cutting-edge research and development facilities, and abundance of vital minerals.

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