BACKGROUND
Known for its expertise, Québec’s life sciences industry is made up of companies of all sizes involved in the development and commercialization of drugs, diagnostic tools, and medical supplies and equipment. Boasting highly qualified workers, the industry is backed by a solid infrastructure comprising large universities, research centres, commercialization companies, incubators, biotech firms, large pharmas and service companies.
The industry is currently undergoing a transformation and consolidation around the world, mostly in the pharmaceutical and biotech sectors. However, this situation should not take anything away from its exceptional development potential, which is underpinned by growing demand fuelled by an aging population, a multitude of unmet medical needs and the need for pharmas to replenish their pipelines following the expiry of many patents, combined with low productivity.