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Assunta Krehl

Toronto offers advantages to medical device firms - The Star - November 1, 2011 - 0 views

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    John Goddard, Business Reporter from The Star states "A tax introduced with U.S. health care reforms helps boost Toronto's attractiveness to U.S. medical device manufacturers, says a consultant's report to be released this week.""Toronto's MaRs Centre represents Canada's largest bioscience research cluster, anchored by Sunnybrook Health Research Centre, York University Life Sciences Centre, the University of Toronto and more than two dozen affiliated research institutes."
Sarah Hickman

The Business of Healthcare Innovation: Amazon.ca: Lawton Robert Burns: Books - 0 views

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    Robert Lawton Burns focuses on the key role of the 'producers' as the main source of innovation in this wide-ranging analysis of business trends in the manufacturing branch of the health care industry. Written by industry academics and executives, the book provides a detailed overview of the pharmaceutical, biotechnology, genomics/proteomics, medical device and information technology sectors. Most importantly, it describes the growing convergence between these sectors and the need for executives in one sector to increasingly draw upon trends in the others.
Assunta Krehl

"Sibling success" - InnovationCanada.ca - 0 views

  • Dubbed Certo-Ex, their simple concept streamlines sampling in these billion-dollar industries, bringing a process that can take 4 to 24 hours for a single sample down to a mere 30 minutes for multiple samples. The brothers have combined Ameer’s scientific expertise and Ahmed’s business savvy and also hope one day to broaden their work to include helping other young and promising inventors.
  • Part of their TiEQuest winning gave them access to networking with MaRS Discovery District, a Toronto-based, non-profit centre that brings together Canadian science, business and investment capital. Here they met the third member of their team, industrial designer and entrepreneur Lahav Gil, who has been designing and building technology products and medical devices for more than two decades with his company, Kangaroo Design and Product Development. Gil wanted to help the brothers because he liked them.
  • “They had a very innocent and authentic desire to commercialize their idea,” says Gil. “And that was quite inspiring.”
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    Story about Certo-Ex which have a device that streamlines sampling and can revolution the time and money spent by pharmaceutical, environmental and food industries. Mention of how TiEQuest had given them access to network with MaRS.
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    Story about Certo-Ex which have a device that streamlines sampling and can revolution the time and money spent by pharmaceutical, environmental and food industries. Mention of how TiEQuest had given them access to network with MaRS. Jan 14, 2009
George Botos

FDA action may rain on iPhone's medical imaging parade - 0 views

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    Interest is booming in the use of mobile devices such as Apple's iPhone for image viewing applications. But that excitement may be dampened somewhat with a recent U.S. Food and Drug Administration (FDA) decision to classify an iPhone image viewing application as a class III device requiring premarket approval.
Assunta Krehl

Transforming Cost into Healthcare - PR Web - March 26, 2012 - 0 views

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    According to PR Newswire "Getinge Canada Limited launched a new audit process for hospitals in Canada to make them aware of the potential to save operational costs when transforming from old to innovative technology used in the Medical Device Reprocessing Department." Gentinge had an exhibit at the MaRS Centre earlier this year.
Miguel Amante

MaRS centre signs commercialization agreement - 0 views

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    MaRS Innovation (MI) has signed a co-funding agreement with the Johnson & Johnson Corporate Office of Science and Technology to capitalize and accelerate the use of Toronto-based life-sciences technologies during the early stages of pharmaceutical and medical device development.
Sarah Hickman

MaRS Discovery District - Recommended Resources - Global Market Reports - VHA Research ... - 0 views

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    "The United States spends more on health care-related research and development than any other country. In 2003, it was estimated that the Federal government alone spent over $26 billion. Pharmaceutical companies, device manufacturers and other private companies invested over $10 billion more. At its best, the American health care system is capable of delivering care unsurpassed anywhere else in the world. Yet, a 1999 Institute of Medicine study estimated that as many as 98,000 Americans die each year from hospital related medical errors. A recent study by the Rand Corporation (a non-profit think tank) concluded that less than 50 percent of encounters with doctors and hospitals resulted in optimal, evidence-based treatment. Studies show that as many as 42 million Americans - almost 15 percent of the population - lack health care insurance. Surveys reveal that patients do not feel they have adequate information about their conditions, and that their experience with health care ranks below that of most other sectors, in fact below that of the post office. In the aggregate, the country is spending nearly $2 trillion on health care, and yet the nation's health care system does not meet acceptable thresholds for safety, quality, access or cost. In 2005, VHA Health Foundation's board of directors sought to better understand the reasons behind this paradox. The foundation commissioned Larry Keeley and his associates at Doblin Inc. to apply the rigorous analytical methods that are used in their evaluation of other American industries and companies. The project set out to discover when, where and how innovation was taking place in health care. It also sought to identify organizations that were developing model innovation processes, and to explore where opportunities for successful innovation might lay."
Assunta Krehl

Test-tube industry - Canadian Business - 0 views

  • For Dr. John Evans, growing a strong biotechnology industry is much the same: cities must provide a nurturing environment where science and business can thrive together.
  • That's why Evans, former president of the University of Toronto and current chairman of Torstar Corp., is spearheading the $345-million Medical and Related Science initiative, or MaRS--a petri dish of sorts for commercializing science research. "A lot of intellectual property is being commercialized outside Canada," says Evans. "I think we've been slow in realizing just how important technology developments are to the economic future of the country. MaRS is an attempt to give this a kick into a higher gear." The centrepiece of the MaRS plan, which will officially launch May 12, is a 1.3-million-square-foot, five-building complex in downtown Toronto that will provide office and lab space for small and medium-size companies and incubators, including the not-for-profit Toronto Biotechnology Commercialization Centre. While Evans is reluctant to limit its scope, MaRS will generally focus on health-related technologies, from new drugs and genetic treatments to medical devices and imaging software. Branded a "convergence centre," it will also house a careful mix of support services: intellectual property lawyers, accountants, marketing experts, government funding organizations and venture capital financiers. Plus, start-ups will have access to all the latest equipment on site. For instance, MaRS is in talks with MDS Sciex to supply mass spectrometers, used in proteomics research.
  • But MaRS will be more than just a New Economy real estate development. Evans's intention is to funnel tenants' rent money into services--such as entrepreneurship seminars and angel-matching programs--that MaRS will offer to the broader biotech community. That's why MaRS's location is key: the centre will be built in the heart of what Toronto has dubbed the "Discovery District," a two-square-kilometre chunk of the downtown core, encompassing U of T and four major hospitals. From there, MaRS hopes to act as a network hub across Ontario, with links to research-intensive universities. "None of them," says Evans, "have the critical mass to put it all together on their own."
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  • MaRS's primary goal is to get Toronto and the rest of Ontario on the global biotech map. Evans came up with the concept in the late 1990s with Dr. Calvin Stiller, CEO of the labor-sponsored Canadian Medical Discoveries Fund, and Kenneth Knox, a former deputy minister for the Ontario government who's now CEO of MaRS
  • As far as schemes to support fledgling industries go, MaRS is refreshing. To start, it's a nonprofit corporation, not a government program, which will hopefully ensure that it runs more efficiently. The feds and the province of Ontario have each doled out $20 million for MaRS, and Toronto has donated in-kind $4.5 million. More than $12 million has come from a small pool of corporations, including Eli Lilly Canada and MDS, as well as individual donors like Joseph Rotman and Lawrence Bloomberg (who both sit on the MaRS board). U of T pitched in $5 million, and MaRS also did some innovative bond financing to round off the $165 million needed to build Phase I. "It was very important for us to not belong to anybody," says Evans.
  • Now MaRS's challenge is to get the word out. Its posted rate of $26 per square foot is very competitive for prime downtown real estate and is sure to attract attention, especially considering its customized lab space. But MaRS's success won't be measured by a low vacancy rate; getting the right mix of scientists, entrepreneurs and professionals is critical if it plans to commercialize some sustainable businesses. It won't happen overnight--in fact, it may be 10 years before anyone can gauge MaRS's impact. Seems growing a biotech industry isn't quite as easy as growing E. coli in a petri dish.
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    John Evans spearheads the MaRS project which will help to accelerate commercialization for scientific research. The official launch of the MaRS plan will happen on May 12, 2003.
Karen Schulman Dupuis

New device will detect infections, cancer in minutes - Toronto - CBC News - 0 views

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    Toronto's medical community is buzzing about an invention that could change the way health professionals screen for infectious disease and cancer.
Assunta Krehl

FDA clears Segasist Prostate Auto-Contouring Software - PR Newswire - October 20, 2011 - 0 views

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    Segasist Technologies, a MaRS Discovery District Client, has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its Prostate Auto-Contouring software 'Segasist P-AC'.
Assunta Krehl

Sleep Well, Live Better - Business News Network - After Hour - 2 views

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    Business News Network speaks to John Aikman, Director Somnaform. Somnaform is the maker of a special pillow to stop sleep apnea, the leading cause of snoring. Sept 25, 2009
Cathy Bogaart

Canada needs new paradigm for research and innovation - TheStar.com | Opinion - 0 views

  • commercialize our vast services potential
  • in university social sciences, humanities, art and design
  • Strengthen our areas of traditional comparative advantage: agriculture, forestry, mining, mineral processing, energy production
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  • Canada excels at producing a wide range of instrumentation – everything from satellite components to medical devices
  • "business engagement strategies" and not simply narrow "commercialization strategies."
  • Canada is an international software powerhouse, producing everything from gaming to financial modelling software.
  • applying the flow-through share model common in the energy sector to research-based companies
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    Ron Freeman, CEO of Research at InfoSource Inc, says that our current funding model isn't working to commercialize our science. That new policy measures are needed to improve Canada's long-term competitive position.
Assunta Krehl

Research on using high frequency ultrasound to test the effectiveness of cancer therapi... - 0 views

  • Ground-breaking research by three Grade 12 students from St. Elizabeth Catholic High School has earned the first place prize in the 2009 Sanofi-Aventis BioTalent Challenge (SABC) in the Greater Toronto region.
  • Regional competition sponsors: - University of Toronto, - York University, - Ryerson University, - Seneca College, - The Biotechnology Initiative - MaRS
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    Grade 12 students from St. Elizabeth Catholic High School won first place prize in the 2009 Sanofi-Aventis BioTalent Challenge (SABC) in the Greater Toronto region. These students' research demonstrated that high frequency ultrasound could be used to test the effectiveness of a cancer therapy drug by detecting cell death in leukemia cells. MaRS is one of the Regional competition sponsors.
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    Grade 12 students from St. Elizabeth Catholic High School won first place prize in the 2009 Sanofi-Aventis BioTalent Challenge (SABC) in the Greater Toronto region. These students' research demonstrated that high frequency ultrasound could be used to test the effectiveness of a cancer therapy drug by detecting cell death in leukemia cells. MaRS is one of the Regional competition sponsors. April 15, 2009
Assunta Krehl

Matters of the Mind - BioscienceWorld - May 2010 - 0 views

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    There is opportunity to grow a significant neurotechnology industry in Ontario. MaRS Discovery District aims to help move promising discoveries out of the lab and into the marketplace.
Assunta Krehl

Oncology startup Segasist prepares to unveil 'revolutionary' technology, has grown from... - 0 views

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    The week of October 3, 2011,  Segasist Technologies, a MaRS client and tenant will launch its' new cancer diagnostic tool Reconcillio at the American Society for Radiation Oncology conference. Reconcillio is Segasist Technologies' third product and is awaiting FDA approvals.
Cathy Bogaart

Advances in tooth decay and STD detection, solar power shown at MaRs innovation fair - ... - 0 views

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    MaRS clients are featured in the Globe and Mail on the occasion of the announcement of MaRS' addition to the Ontario Network of Excellence (ONE). Clients included in the gallery of technology : Quantum Dental's Canarie System, a non-invasive dental technology; Xagenic, with an advanced STD detection; Sustainable Energy Technologies with their solar technology.
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