Montréal is an innovative leader in the Pharmaceutical sector
Montréal is noted internationally for its unique feeling of joie de vivre, a sense that drives the city’s developments both in business and pleasure and makes the prevalence of the life sciences and health technology (LSHT) sector in the city come as no surprise. A leading city in trendsetting fields like neuroscience, oncology, cardiology and Artificial Intelligence, Montréal is also a cornerstone city in the pharmaceutical sector – and here’s why.
A vibrant backdrop of research and investment
Over 600 organizations actively employ more than 56,000 industry professionals in the LSHT sector in Greater Montréal. An international centre of learning, Montréal’s higher education system also produces 10,000 graduates in health-related studies annually, and that’s quite a talent pool to draw from. And Montréal’s spirit of creativity and innovation is one worth investing in. In fact, over $10 billion have been invested in research hubs and hospitals like McGill University’s MUHC, the Université de Montréal’s CHUM and the CHU Sainte-Justine hospital of pediatrics.
Montréal InVivo fosters innovation and interaction
Besides placing first in Canada for the highest number of research centres and monetary investment in university research, Montréal is also home to the Montréal InVivo LSHT cluster of companies and organizations based here. Over 600 organizations – including 150 research operations and 80 subsidaries of foreign companies – are linked through the cluster, fostering creativity and collaboration that helps push development ever further.
From testing to tablet – all in Montréal
Montréal is one of the few places in the world where every phase of creation of a new drug can take place. From the earliest steps in research to product launch and marketing, Montréal’s pharmaceutical sector does it all.
A home base of pharmaceutical development
Montréal holds the largest concentration of major pharmaceutical company headquarters in Canada, with approximately 50 national and international biotechnology companies calling the city home. The thriving local startup scene is also booming with over 100 new medical technology-related companies taking advantage of both the infrastructure and skilled workers headquartered in the city. With groundbreaking research centres right around the corner, establishing a home base in Montréal simply makes good sense.
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