Liberals' goal to boost bio-manufacturing in Canada inhibited by their own policies, industry says

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\u0027You can\u0027t do both. You can\u0027t take 70, 80, 90 per cent off the bottom line of businesses and expect them to be really happy about investing in the country\u0027

Pamela Fralick, president of Innovative Medicines Canada, said the funding in the budget is offering a lot for the sector and she is pleased the Trudeau government is finally engaging with the industry.

She said the government should also look at regulatory issues to clear red tape so companies that have developed new treatments can get them to market quickly. “It’s 280 components, 86 suppliers in 19 countries. That’s what it takes to get this vaccine from bits and pieces if you will, into the arms of those of us here in Canada and around the world,” she said.

Casey said predicting the next pandemic or what type of vaccine will be needed is impossible to know, but if Canada has a diverse field of bio-medical companies, there is a better chance the technology will be there to fight it.

 

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