B.C. invests $2.5 million in new biomedical research facility
VICTORIA – The British Columbia government is providing Vancouver Island Life Sciences (VILS) with $2.5 million to create a new facility that supports Greater Victoria companies with access to a low-cost, specialized lab space.
The funding is part of the province’s Life Sciences and Biomanufacturing strategy that encourages businesses to research and develop commercial pharmaceutical products and medical device manufacturing.
“With a world-renowned talent pool, we want to help build more businesses that are the envy of the sector internationally,” said Minister of Jobs, Economic Development and Innovation Brenda Bailey. “We’re supporting wet-lab space to help start-ups in the biotech sector to access in order to continue their experiments and grow their company.”
The new 7,000 square-foot facility will support as many a six Greater Victoria-based companies access the equipment and labs needed to take their prototypes and products in an industrial setting.
The province hopes that by building on the success of biomedical companies like Saanich’s Starfish Medical it will address global healthcare challenges while creating more jobs for British Columbians. At the height of the pandemic, the more than 100 employees at Starfish Medical developed and manufactured 7,500 respirators for use in hospitals.
“Medical innovation is moving closer to the patient’s bedside,” said VISL president Samuel Mercer. “In the past you may have seen a few companies in Greater Victoria here and there, now you’ll see them in one place collaborating, and you’ll see a hive of activity with shared resources.”
Mercer says VISL is currently looking for a location in Greater Victoria for the new lab. He expects the facility will be up and running in 2025.
One Victoria-based company that will benefit from the wet-lab is Axolotl Biosciences. The small start-up creates bio-inks that can be used to 3-D print human tissue. The tissue is currently used around the world for pharmaceutical and cancer research.
The new space will allow companies like Axolotl Biosciences to spend more of their capital on the commercial aspects of their products, while spending less on overhead costs that could slow down research.
“That was one of the things we’ve been struggling with, is how to fundraise and develop this type of space,” said Axolotl Biosciences CEO Dr. Stephanie Willerth. “Being able to just move in to a facility and be able to start work immediately is going to be a huge benefit for companies working in Victoria.”
Mercer says there is an extraordinary diversity of biomedical business in Greater Victoria, from medical devices to pharmaceutical drugs to biomaterials. He says the flexibility that the new lab will provide will support each tenant company with the support needed to achieve their goal to bring benefits to patients.
CTVNews.ca Top Stories
Israeli attack on Rafah tent camp kills 45, prompts global outcry
An Israeli airstrike triggered a massive blaze killing 45 people in a tent camp in the Gaza city of Rafah, officials said on Monday, prompting an outcry from global leaders who urged the implementation of a World Court ruling to halt Israel's assault.
A cross-country look at beer and wine in convenience stores
By Labour Day weekend, Ontarians of legal drinking age could snag a six-pack at their local convenience store on the way to the cottage. But what are alcohol sales like across the country? Here's what we know.
Former 'General Hospital' actor Johnny Wactor fatally shot in Los Angeles
Former 'General Hospital' actor Johnny Wactor was fatally shot in downtown Los Angeles while interrupting thieves Saturday, according to his agent and CNN affiliate KABC.
Kingston, Ont. tenants fed up with lack of action from landlord over broken floor tiles
Joel Felder and Misti Pitcher have been living in their apartment in Kingston, Ont. for over two years, but the past 12 months have been miserable.
Are you a loud snorer? You could have sleep apnea
You'll have a lot more energy throughout the day if you get a good night's sleep, but not everyone does due to a medical condition.
U of T protesters don't plan to pack up, will hold rally at eviction deadline
Pro-Palestinian protesters who have been camped out at the University of Toronto for weeks say they have no plans to honour the terms of a trespass notice issued by the school and clear the demonstration site by 8 a.m. today.
She developed a passion for genealogy while finding her roots. Now she helps others find their own
Lauren Robilliard always knew she was adopted. As the B.C. native grew older, she developed a passion for genealogy, tracing her roots and paving the way for a career to help others find their own.
The dreams of a 60-year-old beauty contestant come to an abrupt end in Argentina
A 60-year-old woman saw her dreams of becoming the oldest Miss Universe contestant in history melt away in a haze of sequins and selfies Saturday at Argentina’s annual beauty pageant.
Papua New Guinea says landslide buried more than 2,000 people
A Papua New Guinea government official has told the United Nations more than 2,000 people were believed to have been buried alive by Friday's landslide and has formally asked for international help.