Canadian Premiere of the BIO VentureForum East



    GREATER MONTREAL HOSTING THE MOST IMPORTANT BIOTECHNOLOGY FINANCING
    CONFERENCE ON NORTH AMERICA'S EAST COAST

    MONTREAL, June 19 /CNW Telbec/ - The biggest biotechnology financing
conference on North America's East coast, BIO VentureForum East (BVFE),
officially kicks off today in Montréal and will run on June 19 and 20. Put on
each year by the Biotechnology Industry Organization, this large event is
being held outside of the United States for the very first time, thanks to
active support from BIOTECanada and Montréal InVivo, Metro Montréal's life
sciences cluster.
    "We are proud to be in Montréal, one of the top biotech hubs in North
America. The biotech community is thriving here, and in Canada overall, with
billions of dollars in sales and R&D each year", stated Mr. Jim Greenwood,
President and CEO of BIO. "Over the next two days, we look forward to many
valuable and vibrant discussions regarding biotech in Canada and the U.S.", he
added.
    The conference, with over 300 people attending, will help spark financing
opportunities for biotech stakeholders and venture capital firms from Québec,
Canada and abroad, as well as nurturing collaboration in the life sciences
industry.
    "Global competition for investment into our industry has never been
higher. This is an important opportunity to showcase what Canadian
biotechnology discovery and innovation has to offer to the more than 60
venture capital organizations who are attending this event," stated Peter
Brenders, President and CEO of BIOTECanada. "The Canadian industry needs to
grow its recognition with US VC's and other investors in order to realize its
objectives."
    Hosting BVFE is highly strategic for the Montréal area, and it is a
perfect fit with the priorities of metropolitan Montréal's life sciences
cluster. "One of our main objectives is securing financing for our biotech and
health technology companies," stated Mr. Carl Viel, Montréal InVivo's General
Manager. "This is why, along with our partners, the Fonds de solidarité du
Québec and the Caisse de dépôt et placement du Québec, we have backed Montréal
as host for this major gathering, which will showcase all of our industry's
diversity and expertise to the international biotechnology community," he
added.
    Note that BVFE will include a series of conferences and workshops, in
addition to presentations from biotechnology companies. This year, over 60
firms previously assessed by 30 financing specialists, will have the
opportunity to introduce their technologies.

    About BIO (www.bio.org)

    BIO represents more than 1,100 biotechnology companies, academic
institutions, state biotechnology centers and related organizations across the
United States and 31 other nations. BIO members are involved in the research
and development of healthcare, agricultural, industrial and environmental
biotechnology products. BIO also produces the annual BIO International
Convention, the world's largest gathering of the biotechnology industry.

    About BIOTECanada (www.biotech.ca)

    BIOTECanada is dedicated to the sustainable commercial development of
biotechnology innovation in Canada. It is the national industry funded
association representing the broad spectrum of biotech constituents including
emerging and established companies in the health, agricultural, and industrial
sectors, as well as academic and research institutions and other related
organizations.

    About Montréal InVivo (www.Montréal-invivo.com)

    The Montréal InVivo cluster endeavours to establish conditions enabling
the life sciences industry to make a significant contribution to the economic
and social vitality of Greater Montréal. Its mission is to identify levers
that can accelerate the development of life sciences in the region, and to
work as a network to position the cluster among the world's leaders in the
sector.




For further information:

For further information: Information, Interviews, Conference
Registration : Evelyn Dubois, (514) 527-3983  mobile : (514) 770-3983;
Huguette Marcotte Communications, (514) 951-0288; Source: Louis Arseneault,
Director of Communications, Montréal International, (514) 987-8191,
louis.arseneault@montrealinternational.com

Organization Profile

MONTREAL INVIVO

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BIOTECANADA

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