Canadian cancer research group spins out three companies

Canada’s Ontario Institute for Cancer Research (OICR) has announced investments in three new Ontario companies aimed at bringing promising anticancer technologies to market.

“The establishment of these innovative companies will help bring commercial and operational leadership that will accelerate the development and market acceptance of their promising assets,” said Frank Stonebanks, vice president, commercialization, and chief commercial officer of the OICR. “With early translational research, seed capital and professional management, OICR is committed to supporting the most promising new approaches to fighting cancer.”

“The anticancer technologies developed by these companies offer hope for improved health outcomes for people in Ontario and around the world who are fighting cancer,” said Glen Murray, Ontario Minister of Research and Innovation. “These three companies represent the best in Ontario innovation and are creating high-quality jobs with world-class researchers in this province.”