ONTARIO INVESTING IN NEW LIFE-SAVING VACCINES JOINS FORCES WITH SANOFI PASTEUR TO FIGHT LIFE-THREATENING DISEASES
Released on: April 24, 2008, 8:30 am
Press Release Author: Iris Conseil
Industry: Healthcare
Press Release Summary: TORONTO - Ontario, Canada is joining forces with global pharmaceutical company Sanofi Pasteur to fight life-threatening diseases like whooping cough and colorectal cancer.
Press Release Body:
ONTARIO INVESTING IN NEW LIFE-SAVING VACCINES JOINS FORCES WITH SANOFI PASTEUR TO FIGHT LIFE-THREATENING DISEASES
TORONTO - Ontario, Canada is joining forces with global pharmaceutical company Sanofi Pasteur to fight life-threatening diseases like whooping cough and colorectal cancer.
The province is investing $13.9 million from its Next Generation of Jobs Fund to support research on new vaccines. The investment is part of Sanofi Pasteur\'s $101.5-million expansion that includes a new research centre. The centre will improve existing vaccines and bring new products to market. Construction is slated to begin this year.
Sanofi Pasteur\'s investment means 900 existing research and manufacturing jobs will be retained and 30 new permanent high-skill research jobs will be created. About 300 new construction jobs will also be created while the expansion is being built.
Discovering new vaccines for illnesses often takes years of study. Investing in health research means companies can hire more scientists and fuel new discoveries that could eventually save lives around the world.
Ontario is home to one of the world\'s leading biopharmaceutical industries. The biopharmaceutical sector employs over 15,000 Ontarians in high-value jobs, including researchers and scientists.
The announcement comes from the government\'s Biopharmaceutical Investment Program (BIP), which helps advance research and investment in Ontario\'s biotech sector.
BIP is aimed at attracting new or enhanced biopharmaceutical investments in Ontario. $150 million will be available over the next 5 years. BIP is the first component of the Government of Ontario's $1.15 billion Next Generation of Jobs Fund strategy and will fund up to 20% of total eligible project costs.
\"This new research in Ontario will not only create jobs, it will bring hope to people affected by disease,\" said Ontario Premier Dalton McGuinty.
\"Companies like Sanofi Pasteur choose to do business with Ontario because we attract many of the best scientists and medical researchers in the world,\" said John Wilkinson, Ontario Minister of Research and Innovation.
Diseases like whooping cough kill about 279,000 people worldwide each year. The first whooping cough vaccine was created at Sanofi Pasteur\'s Connaught Laboratories in Toronto in 1926.
Ray Lancashire, Media Relations, Invest Ontario Ministry of Economic Development and Trade Tel: (416) 326-1608 E-mail: ray.lancashire@ontario.ca
Contact Presse : IRIS Conseil Christine Arnal 44, Rue de Varenne - 75007 - Paris Tel : 01 45 44 04 21 & Fax : 01 45 44 18 14 E-mail : c.arnal@iris-conseil.net & Site : http://www.iris-conseil.net
Web Site: http://www.iris-conseil.net/htm/ontario123.asp
Contact Details: Contact Presse : IRIS Conseil Christine Arnal 44, Rue de Varenne - 75007 - Paris Tel : 01 45 44 04 21 & Fax : 01 45 44 18 14 E-mail : c.arnal@iris-conseil.net & Site : http://www.iris-conseil.net