Canada has the second largest biotechnology industry in the world. In comparison to other industrialized countries, Canada’s biotechnology industry has the fastest rate of growth in external patent applications and in business expenditures on research and development.
Within the Canadian landscape, Atlantic Canada is a stellar performer in this industry. According to Competitive Alternatives: KPMG’s guide to international business costs, 2006, four Atlantic Canadian cities are ranked in the top five cities internationally for pharmaceutical production or medical devices manufacturing and Halifax, NS is ranked the number one city in Canada for clinical trials management.
Characteristics
Atlantic Canada has a dynamic and innovative biotechnology industry that features some of the top new biotech firms in the country. Biotechnological innovation has spurred development in such key industries as aquaculture, forestry, fisheries, marine sciences, agriculture, health care and environmental management.
For additional information on the Biotechnology Industry in Atlantic Canada, please view the full information sheet, or contact us directly.