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Edmonton Companies News & Discussion

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.

Anyone know what this is about?

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…
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?
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."

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