Quebec invests $7.5 billion in science and tech; advancing research in small nuclear reactors, making moves to join the Digital Economy Partnership Agreement, and more.
Organization: CTI Life Sciences
adMare BioInnovations launches back-to-back biotech companies
Formed in 2019 from a union of the Centre for Drug Research and Development (CDRD) and the NEOMED Institute, adMare Bioinnovations has already launched 10 companies to date.
Xagenic closes $10-million financing round
Toronto-based Xagenic Inc has closed a syndicated Series A financing for $10 million to develop new technology for rapid diagnostic testing. Funding for the privately held molecular diagnostics firm was provided by CTI Life Sciences, Ontario Emerging Technologies Fund and QIAGEN NV. The financing follows a $2.2-million seed round in 2010 led by MaRS Innovation.…