While the life sciences industry in Canada has a significant advantage over many jurisdictions, there is a lack of expertise in moving innovations forward past the early discovery stage to a point where potential products can be identified to become the basis for new companies focused on translational activity. Further, there is a lack of sufficient seed-stage financing available to advance this activity.
The Centre for the Commercialization of Antibodies and Biologics (CCAB) worked to help expand the life sciences industry sector in Canada. CCAB provided in-house development management expertise and applied its development expertise broadly by working with emerging companies or by assisting in the creation of companies that had (or had access to) world-leading research ready for product development. Through its network and relationships with potential investors, CCAB provided avenues to obtain direct financial support for these emerging companies. In conjunction with externally sourced funding, CCAB helped them develop their lead candidates such that they can attract further development funding and become marketable products, with the view of making these companies sustainable, Canadian-based entities.
Following the support from the CECR Program, three successful organizations, CDRD – The Centre for Drug Research and Development, the NEOMED Institute, and Accel-Rx came together to form a new pan-Canadian, adMare BioInnovations to being their collective resources together, and continue to advance the respective mission of each under the umbrella of this new organization. For more information, please visit adMarebio.com.