Montreal, the largest city in Canada’s Quebec province, has seen a boom in life sciences over the years. Home to The Biotech City, a hub that connects and supports biopharmaceutical companies within the region as well as attracts talent from across the world, Montreal rivals the likes of Vancouver and Toronto, in being the leading biotech hub in the country.
As it contributes to 79% of Quebec’s gross domestic product (GDP), the second largest Canadian city has a competitive advantage in the life science sector due to its significant growth in areas such as pharmaceuticals, digital health, and artificial intelligence.
The presence of non-profit organizations like Montreal InVivo that mobilize a cluster of over 600 organizations, as well as several universities like University of Montreal and McGill University touted as top institutions for graduating with a life science degree in the province, attracts researchers to the region.
In this article, let us take a look at five of the hottest biotech companies in Montreal, that were founded over the past decade, and that have received funding in recent years to accelerate their drug pipelines.