Biotech advocates call on the feds to strengthen industry incentives

Advocates press for support from Ottawa to help the domestic biotech industry grow.

Elaine Campbell, left, interim president of Innovative Medicines Canada, says the long-serving Scientific Research and Experimental Development tax credit offers such negligible benefits for certain pharmaceutical companies they don't even bothering reporting in Canada to ascertain it. However, Andrew Casey, president of BIOTECanada, called it 'hugely important' for the biotechnology industry.Photographs courtesy of Innovative Medicines Canada and BIOTECanada

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BY MARCO VIGLIOTTI

September 7, 2016

The Liberal government must maintain or strengthen current financial supports for biotechnology companies to ensure the industry can continue to prosper in Canada, advocates say. Andrew Casey, president and CEO of BIOTECanada, an industry advocacy group, said Canada needs to continue to offer robu...

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