Edmonton Companies News & Discussion

[occidentalcapital]

connectFirst Credit Union and Servus Credit Union announce intent to merge

EDMONTON, Alberta, March 03, 2023 (GLOBE NEWSWIRE) -- On March 3, 2023, the Board of Directors of Servus Credit Union and connectFirst announced an...

www.globenewswire.com

 

[occidentalcapital]

I love seeing these Edmonton companies expand internationally.

Atlas Global Brands Announces the Signing of Two Binding LOIs to Acquire Two Pharmacies in Israel

Signed two binding LOIs to acquire two additional pharmacies licensed to dispense medical cannabisThese acquisitions will add to Atlas’ Israeli medical...

www.globenewswire.com

 

[occidentalcapital]

Edmonton Global has worked with Dyne Techonolgies to set up an Edmonton office. The release says they plan to have about 7 employees by end of 2023 and will grow from there. Not a huge office, but strategically important in the machine learning space.

MEDIA RELEASE: Dyne Technologies Inc. expands into the Edmonton region

Dyne Technologies Inc., a SaaS startup has announced their expansion into the Edmonton region. The expansion represents a $500,000 investment with plans to grow that significantly over the next several years.

edmontonglobal.ca

 

[Gronk!]

Edmonton Research Park businesses encouraged by city moves

Leaders of some of the organizations based at Edmonton Research Park are cautiously optimistic about the city's plans for the facility after extensive consultations and a proposal to seek ongoing input.

edmonton.taproot.news

 

[husky]

Anyone know what this is about?

Minister Vandal to announce major investment to positon Edmonton as a hub for developing critical medicines and pharmaceutical products

Minister Vandal to announce major investment to positon Edmonton as a hub for developing critical medicines and pharmaceutical products for market

www.canada.ca

Could be a big get for Edmonton if it's significant.

 

[Avenuer]

Anyone know what this is about?

Minister Vandal to announce major investment to positon Edmonton as a hub for developing critical medicines and pharmaceutical products

Minister Vandal to announce major investment to positon Edmonton as a hub for developing critical medicines and pharmaceutical products for market

www.canada.ca

Could be a big get for Edmonton if it's significant.

Would be sweet if it was a major capital investment in a new pharmaceutical production facility or something like that. We will see…

 

[bodsbods9090]

9am today we will find out!

 

[MacLac]

I’d be ok with a $1B R&D Center of excellence between the U of A and one of the “4 Horsemen” of a giant US BioPharma……is that too much to ask for?

 

[MacLac]

Minister Vandal announces federal investment to increase Canada’s capacity to develop and manufacture critical medicines

Over $80.5 million in federal funding for an Edmonton-based initiative will enable early-stage companies to bring new pharmaceutical products to market and develop talent in Alberta’s life sciences sector

www.canada.ca

 

[occidentalcapital]

Wow, pretty solid announcement here.

"Specific project activities will include:

• Creating a new, 40,000 square-foot drug manufacturing facility in Edmonton to produce new and critical medicines. The facility will be a first-of-its kind in western Canada and will be capable of producing 70 million doses annually.
• Upgrading infrastructure at Applied Pharmaceutical Innovation’s existing 72,000 square-foot research and development facility at the Biotechnology Business Development Centre in Edmonton to support more early-stage companies in commercializing their products.
• Enhancing research and development programs to train technicians and scientists in developing and producing new medicines. This will be done in collaboration with universities across the country, strengthening Canada’s talent pipeline in the life sciences sector.
• Supporting clinical trials and commercial development of new medical treatments that improve quality of life for Canadians.

This PrairiesCan funding is expected to support the growth of at least 60 early-stage life sciences and biomanufacturing companies, the creation of more than 350 high quality jobs, and the training of 175 skilled workers."

 

[Avenuer]

$80.5 million is not anything to sniff at, awesome!

 

[MacLac]

Drug manufacturing facility gets green light thanks to federal dollars

New federal funding for the Canadian Critical Drug Initiative in Edmonton will allow local development and production of small-molecule drugs, helping to avoid future shortages for Canadian patients, prepare for future pandemics and prevent the export of Canadian intellectual property.

www.ualberta.ca

Gives a little more insight into the announcement….including a pic of the facility

 

[tkoe_]

Whether tech, pharma or something else, these investments start to create an industry ecosystem that attracts workers and entrepreneurs. Very excellent news.

 

[Glenco]

Now imagine if Smith hadn’t wasted $50,000,000 on fake Tylenol ………..

 

[occidentalcapital]

Dura-Line, manufacturer of telecommunications conduit products, says it is opening a 150,000 sq ft. manufacturing facility in St. Albert, expected to be operational by spring 2023 with 90 full time jobs.

Orbia’s Connectivity Solutions Business, Dura-Line, Expanding Global Footprint into Western Canada

Officials at Orbia’s Connectivity Solutions business, Dura-Line, announced they are investing heavily in a new manufacturing facility in St. Albert, Alberta, a suburb of Edmonton.

www.duraline.com