Life Sciences Update | 2022 October
Vancouver
Market Summary
Public & Private Funding (2022)
Fast Lab Stats
Fast Lab Stats 12.9K
• British Columbia is home to more than 300 life sciences companies, including biopharmaceutical and medical device companies. • Vancouver’s life sciences industry is underpinned by a highly skilled workforce, prime location and high quality of life. • The new St. Paul’s Hospital development in the core market of Mt. Pleasant has spurred significant interest in the surrounding neighborhood from some of the most notable life sciences companies in the country, including AbCellera, Zymeworks, Aurina Pharmaceutical and STEMCELL technologies. • Vancouver is home to some of the country’s top medical facilities. Vancouver General Hospital (VGH) is the country’s third largest hospital and Western Canada’s most specialized hospital with over 40% of patients coming from outside of Vancouver. Additionally, VGH is one of Canada’s most renowned teaching hospitals through its affiliation with the University of British Columbia (UBC). • The Vancouver life sciences industry is further strengthened by government incentives and infrastructure inclusive of grants and tax incentives, along with the BC Cancer Agency, BC Centre for Excellence in HIV/AIDS, AdMare, TRIUMF Vancouver Coastal Research Institute, Michael Smith Laboratories, Genome BC and the BC Knowledge Development Fund.
Company
Deal Type
Completed
Type
$ Raised (MM)
Vesalius Cardiovascular
Early Stage VC
Jan 2022
VC
$5.0
Total Life Sciences Employment 87.9% Life Sciences Employment 10-Year Growth Rate
ABOzymes Biomedical
Seed Round
Mar 2022
VC
$2.1
Andira Pharmaceuticals
Seed Round
Mar 2022
VC
$1.6
Hemptown USA
Later Stage VC
Jan 2022
VC
$0.6
VCENNA
Angel (individual)
Jan 2022
VC
$0.3
Hemptown USA
Later Stage VC
Apr 2022
VC
$0.1
HTuO
Early Stage VC
Jan 2022
VC
$0.03
Nirvana Life Sciences (CNQ: NIRV)
IPO
Mar 2022
IPO
PharmAla Biotech (CNQ: MDMA)
IPO
Jan 2022
IPO
Life Sciences Labor: Average Monthly Job Postings
Representative Life Sciences Companies
Company
Type
0 100 200 300 400 500 600 700 800 900
Stemcell Technologies
HQ, Lab
AbCellera
HQ, Lab
Zymeworks
HQ
Medipure Pharmaceuticals Inc
HQ
HQ
Symvivo Inc
Chinook Therapeutics
HQ
HQ
Anandia Laboratories Inc
2018
2019
2020 2021
2022
Amgen
Research Facility
Hologic Regional
R&D Center
Annual Life Sciences Degree Completions 2010 1,283
Bio Degree-Awarding Institutions, Metro Area
Top NIH-Funded Institutions (2018-2022)
•
British Columbia Institute of Technology
$21M University of British Columbia $4M Provincial Health Services Authority $1M British Columbia Cancer Agency
• •
Camosum College
Langara College (Health Science Program) Simon Fraser University University of British Columbia (School of Biomedical Engineering, Biological Sciences Centre)
2019 1,588 Up 24%
• •
Research Contributors
Svetlana Lebedeva svetlana.lebedeva@ca.cushwake.com
•
University of Victoria
Kyle Grundy kyle.grundy@ca.cushwake.com
Sources: Cushman & Wakefield Research, CoStar, National Institutes of Health (NIH), Lightcast, Pitchbook
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LIFE SCIENCES UPDATE | 2022 OCTOBER
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