Newly Announced Venture Capital Funds Underscore Strength of Canadian Biotech Sector

January 20, 2015

BIOTECanada welcomes the announcement by CTI Life Sciences of its new $134 million fund. CTI’s new fund combined with Canadian funds created in late 2014 by Versant Ventures ($305 million) and Teralys Capital ($279 million) makes available nearly three quarters of a billion dollars in new investment capital for Canada’s biotech sector. Read more

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Investment capital is central to the biotechnology sector’s ability to take an innovative idea from the lab to commercial viability. Canada is home to hundreds of small, pre-commercial biotech companies at various stages of commercialization in all regions of the country.