Entos Pharmaceuticals (Entos), announced a $62 million investment from the Government of Canada. This further leverages the previously announced $15.5 million awarded to Entos from the Government of Alberta.
The $77.5 million total investment will support a $198.5 million project to create a state-of-the-art R&D centre and GMP biomanufacturing facility in Edmonton, Alberta, Canada. The project builds on the significant partnership Entos has with global healthcare leader Eli Lilly & Company to research, develop, and commercialize nucleic acid products targeting the central and peripheral nervous system, as well as other partnerships with companies such as Oisin Biotechnologies, OncoSenX, and Aegis Life, and to advance its therapeutic pipeline for cancer and rare genetic diseases like Congenital Lipodystrophy, Stargardt Disease and Duchenne Muscular Dystrophy.
As a hub for next-generation therapeutics, the facility aims to foster collaborations between Entos, Canadian academic institutions, and its industry partners. This effort will build expertise and knowledge to enhance Canada's life sciences sector, strengthen Canada’s position in the global biopharmaceutical market, and attract international investments, partnerships, and talent.
“Our government is protecting the Canadians of tomorrow by making the necessary investments today. By supporting the construction of this state-of-the-art facility in Edmonton, we are strengthening our capacity to produce cutting-edge therapeutics and vaccines, which will better equip Canada in responding to future health emergencies. We are resolved to foster innovation and secure a resilient life sciences ecosystem that will keep Canadians safe for generations to come.” The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
“This new Edmonton facility means that Canada will get a greater capacity to develop lifesaving medicines right here in Canada. It strengthens our domestic biomanufacturing capacity which will lead to improved health outcomes for Canadians.” The Honourable Mark Holland, Minister of Health.
“Alberta’s life sciences sector is booming, and this new manufacturing facility and R&D centre from Entos will only add to the momentum. Alberta is home to many world-class researchers developing potentially ground-breaking new medicines and treatments that will literally save lives. This investment will support Alberta’s efforts to become the most innovative jurisdictions in Canada.” The Honourable Nate Glubish, Minister of Technology and Innovation for Alberta.
“This extraordinary investment from the federal and provincial governments ensures Alberta—and the University of Alberta—continues to play a leading role in strengthening Canada’s biomanufacturing and pharmaceutical sector. This new research facility will advance research and innovation and improve health outcomes for people in Canada and worldwide,” said Bill Flanagan, President and Vice-Chancellor, University of Alberta.
“We are thrilled to receive this investment, which will enable us to build a cutting-edge GMP biomanufacturing facility and innovative R&D centre in Edmonton, Alberta, Canada,” said John Lewis, CEO, Entos Pharmaceuticals. “It will help us develop, scale up, produce, and commercialize Fusogenix PLV therapeutics to address critical health needs and fill gaps in Canada’s domestic manufacturing capacity.”
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