MONTREAL, Oct. 2 /CNW Telbec/ - As part of the BioContact symposium to be
held in Quebec City on October 3 to 5, 2007, Michel Lagueux, Senior
Vice-President of Health Sciences at the Solidarity Fund QFL, will give a
speech to the biopharmaceutical professionals on Thursday, October 4, at
8:30 a.m. He will use this occasion to reiterate the Fund's strong commitment
to this sector and announce the Fund's long-term investment strategy.
Quebec is an important strategic pole in the global health sciences
sector and is known for the quality of its labour and its well-organized
infrastructure. Over the last three years it has managed to attract
$300 million in foreign capital investment, a sign that Quebec offers good
investment opportunities in this area.
"The Solidarity Fund has been making investments in this sector for over
10 years," says Mr. Lagueux. "With our financial partners, we have helped
structure the market by creating specialized funds that provide complementary
expertise to companies in their start-up or development phases. We have also
fostered foreign investment in Quebec, which has further energized the
industry. Over the years, the Fund has invested $700 million in the health
sciences sector. Our current portfolio consists of over 40 companies in
different sectors and in various stages of development."
Working with a strong specialized team of scientists that includes
several PhDs, financiers and experts in marketing and market analysis, the
Fund remains steadfast in its commitment to corporate growth. Its strategy is
based on making long-term investments and optimizing portfolio diversification
by sector, by technology and by stage of development (start-up or
commercialization). In addition, the Fund will continue to balance its
portfolio between public and private companies and between its various
About the Solidarity Fund QFL
With net assets of over $7.2 billion as at May 31,2007, the Solidarity
Fund QFL is a development capital company that through its RRSP channels the
savings of Quebecers into investments in all sectors of the economy to help
create and maintain jobs and to further Québec's economic growth. The Fund is
a partner, either directly or through its network members, in 1,696 companies.
It currently has nearly 575,000 shareholders and has helped, on its own or
with other financial partners, to create, maintain and protect over
122,000 jobs. For more information, visit www.fondsftq.com.
For further information:
For further information: The following telephone number is provided for
the exclusive use of journalists and other media representatives: Josée
Lagacé, Senior Press Relations and Communications Advisor, Solidarity Fund
QFL, (514) 850-4835, firstname.lastname@example.org