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Therapure Awarded $4.2 Million BIP Grant from the Ontario Government
Date:4/29/2010

Therapure Biopharma Inc. today announced that it has been awarded a $4.2 million grant from the Ontario Ministry of Research and Innovation’s Biopharmaceutical Investment Program (BIP). Therapure will utilize the funding to support a $27.9 million expansion of its bio-manufacturing facility in Mississauga, Ontario, Canada.

Toronto, ON (Vocus) April 30, 2010 -- Therapure Biopharma Inc. today announced that it has been awarded a $4.2 million grant from the Ontario Ministry of Research and Innovation’s Biopharmaceutical Investment Program (BIP). Therapure will utilize the funding to support a $27.9 million expansion of its bio-manufacturing facility in Mississauga, Ontario, Canada.

"We are thrilled that the government of Ontario has recognized the strength and potential of Therapure’s resources and talented people with this investment, which will help position our company and Ontario to be an international leader in bio-manufacturing and biosimilars," said Thomas Wellner, President and CEO of Therapure. "The support that we are receiving from the Ontario government will help enhance our state-of-the-art facility in Mississauga and improve Therapure’s ability to partner with the biopharmaceutical sector to bring new protein-based therapies to the patient."

"Ontario is investing strategically to help innovative companies to compete in emerging markets where Ontario can be a global leader," said John Milloy, Minister of Research and Innovation. "Today’s investment builds Ontario’s research strength and creates jobs and a healthier future for our families."

"Mississauga is proud to be home to a world-class biopharmaceutical company such as Therapure, and I would li
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Source: PRWeb
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Therapure Awarded $4.2 Million BIP Grant from the Ontario Government
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