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Creation of a life-sciences and health technologies research facility
Montréal, October 16, 2015 – Oncodesign,a world leader in developing and evaluating therapeutic molecules for use in treating cancer and other serious illnesses, announced today the creation of a medical research facility in Greater Montréal. This investment comes on the heels of signing a joint venture agreement with North American company Mispro Biotech Services.
The new facility, combined with the opening of a commercial office near Boston, gives Oncodesign new prospects for growth in the North American market. “The opening of the Montréal site, along with the creation of our U.S. subsidiary, represents a key step in our strategy to grow our share of the North American experimentation market,” explained Philippe Genne, Founder and President and CEO of Oncodesign. “This is a booming sector that accounts for over 60% of world activity. We are facing increasing demand from our North American clients, and the facilities established in both Montréal and Boston will allow us to be even more competitive in terms of the solutions we provide.”
Supported by Investissement Québec and Montréal International, this expansion also gives Oncodesign the means to better respond to its clients’ needs by carrying out their pre-clinical pharmacology studies directly on-site.
“Working jointly with our partners, our teams in Québec and abroad are making every effort to attract innovative companies that are of strategic importance for Québec’s economy, like Oncodesign,” said Pierre Gabriel Côté, President and CEO of Investissement Québec. “By providing assistance as they look for the best site and the right partners, we are able to showcase our competitive advantages and support their growth,” he concluded.
“Oncodesign’s state-of-the-art expertise is contributing to the discovery of new therapies and biomarkers that will lead to the development of personalized healthcare for several types of cancer and illnesses with no known effective treatment,” said Élie Farah, Montréal International’s Vice-President of Investment, Greater Montréal. “Its activities, and particularly its pre-clinical evaluation services, will strengthen the Montréal region’s position as a hub of excellence in oncology and medical research.”
The company already works regularly with leading North American players in the industry, and in 2015 quadrupled its North American sales experimentation compared to the same period in 2014. Its order book has jumped 120% since the first quarter of 2014.
About Mispro Biotech Services
Mispro Biotech Services
About Oncodesign
Founded 20 years ago by Dr. Philippe Genne, the Company’s CEO and majority shareholder, Oncodesign
About Investissement Québec
Investissement Québec’s mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. The Corporation offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for administering tax measures and prospecting for foreign investment.
ABOUT MONTRÉAL INTERNATIONAL
Montréal International
Created in 1996, Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community) and the City of Montréal.
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