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Come discover the action

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Presentation on theme: "Come discover the action"— Presentation transcript:

1 Come discover the action
@TOHealthToronto tohealth.ca Come discover the action

2 About TO health! Who we are TO Health! is a promotion cooperative focused on raising the profile of the Toronto region human health & sciences cluster. Vision Together we will make the Toronto region globally renowned for its dynamic and innovative human health & sciences ecosystem, placed in the top five of global human health science clusters. Mission We will increase revenue growth opportunities for the Toronto region by attracting more risk capital, corporate investment and qualified talent to the cluster participants. ? 🔍

3 Toronto Region human health + sciences cluster
North Downtown “High Tech Capital” 100 ICT companies 1 university, 3 colleges Multinational generic, digital and medical device companies Neutraceutical and manufacturing operations “Discovery district” 9 research hospitals, 10 community hospitals 3 universities, 3 colleges, 37 research institutes 160 biotechnology and medical device companies east West “Advanced manufacturing” Multinational generics and digital companies Laboratories, manufacturing and warehousing operations 1 university campus, 3 hospitals “Pill Hill” 30 multinational pharma and medical device companies 30+ small and medium biotechnology and medical device companies Laboratories, manufacturing and warehousing operations 1 university campus, 1 college, 6 hospitals

4 Human Health + Sciences Cluster participants
Companies Organizations Suppliers & Services Pharmaceuticals/ Biologics Research/Skills Development Organizations Specialized Business Services Medical Devices Innovation Organizations Specialized Risk Capital Industry Associations Health Care IT Healthcare Delivery Organizations Private Payers Contract Research/Mfg Government Patient Advocates

5 The Toronto region: A global Cluster
The Toronto region has a solid foundation for dynamic growth of the scale and scope that places it among the world’s top human health science clusters. Source: Jones, Lang, LaSalle. Life Sciences Cluster Report 2014

6 Global clinical trials World-leading Academic & Translational research
Perfect mix of science, business and lifestyle in the only growing metro region A centre for Global clinical trials World-leading Academic & Translational research

7 World-leading Academic & Translational research
Globally recognized research universities Toronto region Hospitals: a Driving Force for research Globally recognized Thought leaders

8 World-leading Academic & Translational research
Globally recognized research universities Over $1B in research funding at universities and partner hospitals University of Toronto is the #2 university for publications and citations 9300+ life science graduates annually

9 World-leading Academic & Translational research
Toronto region Hospitals: a Driving Force for research $840.5 million in research revenue over 9500 researchers and research staff 277 IP disclosures and 73 commercializations Source: 2013/14 metrics from CAHO CRF/RIM database

10 World-leading Academic & Translational research
Globally recognized Thought leaders Cancer: Dr. Tak Mak (breast cancer), Dr. Rob Bristow (prostate cancer), Dr. Aaron Schimmer (leukemia) Cell and regenerative medicine: Dr. Andras Nagy (viral-free iPS cells), Dr. John Dick (Blood stem cells), Dr. Michael Fehlings (spinal cord regeneration), Dr. Maria Cristina Nostro (diabetes) Genomics: Dr. Stephen Scherer (pioneering genomic variation and genomics of autism), Dr. Dev Sidhu (protein structure and function) Neuroscience: Dr. Sandra Black (stroke and neurodegeneration), Dr. Sid Kennedy (depression) Imaging and medical devices: Dr. David Jaffray (radiation physicist and Director of STTARR), Dr. Narinder Paul (cardiothoracic imaging at TGH)

11 A centre for Global clinical trials
Toronto Region is the place for Global Clinical Trials Informatics and Data Access High Percentage of Foreign- Born Residents

12 A centre for Global clinical trials
Toronto Region is the place for Global Clinical Trials Lower clinical trial management costs than in the U.S. Improved approval speed and further cost reductions, thanks to a recent move to a single ethics review for multi- centre clinical trials Data compiled from For more information, contact Clinical Trials Ontario -

13 A centre for Global clinical trials
Informatics and Data Access The Institute for Clinical Evaluative Sciences (ICES) leads cutting-edge studies that evaluate health care delivery and population outcomes and access a vast and secure array of Ontario’s demographic and health-related data, including population-based health surveys anonymous patient records clinical and administrative databases Robust digital infrastructure to support data collection and sharing For more information, contact ICES -

14 A centre for Global clinical trials
High Percentage of Foreign-Born Residents The Toronto region has a large, diverse population which provides a unique pool of potential participants. Foreign-born population Other Source: Statistics Canada (Toronto & Montreal Census Metropolitan Areas) and US Census (US Metropolitan Statistical Areas)

15 Advanced business environment
Established Industry ecosystem Lower Cost of Doing Business Access to Generous Tax Incentive Program

16 Advanced business environment
Established Industry ecosystem 800+ companies, 38,000 employees Successful startups Infonaut Figure 1 iamsick.ca Newtopia Damiva MyPSW Seamless MD Profound Medical Eve Medical Arctic Dx eSight ChipCare Interface Biologics NP Screen Xagenic PlantForm Encycle Formation Biologics Northern Biologics Highland Therapeutics Transition Therapeutics Trillium Therapeutics Consumer & Digital Health Medical Devices Therapeutics Home-grown companies Think Research Point Click Care Synaptive Novadaq Tribute Pharmaceuticals Cipher Pharmaceuticals Apotex ACD/Labs LifeLabs Dalton Pharma Alphora Research TheraPure Concordia Healthcare Corp Cynapsus Therapeutics Aptose Biosciences Digital Health Medical Devices Specialty Pharma Laboratory Services Manufacturing

17 Advanced business environment Multinational companies
Established Industry ecosystem (cont’d) 50+ multinational pharmaceutical medical device and digital health companies have their Canadian headquarters in the Toronto region Multinational companies Sanofi Pasteur Baxter Astellas Pharma AstraZeneca Bayer Janssen Eli Lilly Takeda Boehringer Ingelheim EMD Serono GlaxoSmithKline Hoffman LaRoche Pfizer Celgene Amgen Shoppers Drug Mart Walmart Loblaws Pharmaceutical Consumer Health J&J Medical Philips Healthcare Seimens Health BD Canada GE Healthcare Medtronic McKesson Teva Telus Health Cisco IBM Health Dell Xerox Samsung Microsoft Fujifilm Medical Devices Generic Pharmaceutical Digital Health

18 Advanced business environment
Lower Cost of doing business Source: Competitive Alternatives, KPMG’s Guide to International Business Location Costs Edition Canada has a cost advantage compared to U.S. The 3 major U.S. health sciences clusters are above the U.S. baseline for costs of doing business (Boston, NY, SF) Source: KPMG. Competitive Alternatives: 2014 Edition. Pp

19 Advanced business environment
Access to Generous Tax Incentive Program The Scientific Research and Experimental Development Tax Incentive Program (SR&ED) provides investment tax credits to individuals or corporations that conduct research and development in Canada 35% of eligible expenses Refundable on the first $3M of SR&ED expenses Taxable income and taxable capital thresholds to be maintained for refund- ability Provincial refund ability 20% of eligible expenses 40% refund ability on SR&ED expenses in excess of $3M Other Benefits: accelerated write-offs, timing on utilization of expenditures, unused credits carry forward Provincial Credits also available Source & more info at:

20 Dynamic Metro Region Large, fast growing North American metro region
You and Your Employees Will Love Living Here High quality of life & lower cost of living Connected to the world

21 Large, fast growing North American metro region
Dynamic Metro Region Large, fast growing North American metro region The region welcomes about 100,000 new residents every year. Canada’s skills-based immigration system ensures many are highly skilled Big city opportunities for work & play 53% 13% 22% 27% 29% Source: Statistics Canada (Toronto & Montreal Census Metropolitan Areas) and US Census (US Metropolitan Statistical Areas) for US Cities, 1991 for Canadian Cities

22 You and Your Employees Will Love Living Here
Dynamic Metro Region You and Your Employees Will Love Living Here #1 Best Place to Live Cities Ranking, January 2015 (Safety, liveability, cost of living, business environment, democracy and food security) Source:

23 High Quality of Life – Lower cost of living
Dynamic Metro Region High Quality of Life – Lower cost of living Recruitment and retention of top talent advantage Enjoy widespread opportunity of a big city without the sacrifices typically associated with big cities City Pricing Index Normalized pricing of home purchase Normalized pricing for appartment rental Toronto 74.3 $2,680 $1,090 Montreal 81.8 $3,220 $1,360 New York 100 $11,060 $3,380 Los Angeles 75.8 $3,300 $1,200 Chicago 79 $3,170 $1,400 Source: Prices & Earning, CIO Wealth Management Research, Sept 2012

24 Toronto region is one flight away
Dynamic Metro Region Toronto region is one flight away Toronto is a global hub with 2 international airports connecting the Toronto region to the world. Within a day’s trip of major U.S. centres like Boston, New York and Chicago Dedicated downtown rail link

25 Come discover the action
Talent Investors Business Be at the centre of over $1 billion in annual research spending, global calibre of basic and translational research, vibrant clinical research networks and a thriving independent clinical research community Live big in a large, cosmopolitan and diverse mega-city with a quality of life friendly to families and young professionals Tap into strong, geographically concentrated network of universities/colleges, 9 research hospitals, established companies and vibrant start-ups Discover a target rich environment for a diverse health investment portfolio at attractive valuations Assess centralized health data and large diverse pool of potential clinical trial patients, who are more motivated and educated than many other groups, including the U.S. Take advantage of a lower cost business environment, generous tax incentives and government support

26 Want to learn more? Contact us at: tohealth.ca @TOHealthToronto


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