Click here to close now.




















Welcome!

News Feed Item

OCE and OBI Partner With CQDM on $3 Million Inter-Provincial Drug Discovery Innovation Programs

SAN DIEGO, CALIFORNIA -- (Marketwired) -- 06/25/14 -- Ontario Centres of Excellence (OCE) and the Ontario Brain Institute (OBI) are partnering with CQDM to bring an additional $3 million to two programs dedicated to breakthrough technologies to accelerate drug discovery and development.

With an investment of $500,000, Ontario Centres of Excellence (OCE) is joining CQDM in launching the 2014 edition of CQDM's Explore Program to fund the Ontario arm. This unique initiative fosters highly innovative and unconventional game-changing biopharmaceutical research. This is the first time this program will be open to researchers in Ontario as well as in Quebec, thanks to the partnership with OCE.

With a commitment of up to $2.5 million, the Ontario Brain Institute (OBI) embarks with CQDM and Brain Canada on the new national initiative in neuroscience "Focus on Brain". OBI's contribution thus brings to $12.5 million the total funding available to researchers in academia as well as SMEs across Canada, for the development of breakthrough technologies to accelerate the discovery of new, safe and effective drugs for disorders of the brain and nervous system. OBI's funding will be dedicated to Ontario-based entities. Combining resources and strengths in neuroscience across Canada, this new partnership will build on complementary expertise, foster innovative industry-academic collaborations, increase Canada's competitiveness in the field and allow our researchers to better engage in international networks dedicated to bringing better cures to patients and their families.

The partnerships were announced today at the 2014 Bio International Convention in San Diego by Jacques Daoust, Quebec's Minister of Economy, Innovation and Exports (MEIE) and senior officials from CQDM, OCE and OBI.

"Our new partnership is the continuation of the work we have been doing with CQDM in the Ontario-Quebec Life Sciences Corridor," said Tom Corr, President and CEO of OCE. "We are delighted to extend our collaboration to CQDM's unique Explore Program, opening it to Ontario-based researchers and SMEs. With CQDM and its partners, we are making it possible to bridge the gap and fund innovative research projects which can potentially be game changers in drug discovery and development."

"We are glad to join CQDM and Brain Canada in the 'Focus on Brain' program which is a major initiative to support innovative translational research with tangible results on the drug discovery process to prevent, treat or cure neurological or mental health disorders", said Donald Stuss, President and Scientific Director of OBI.

"We are very happy to deepen our collaborations with OCE and OBI in such unique initiatives and bring a true contribution in filling the gaps in innovation in Quebec, Ontario as well as Canada. We are glad to tap into Ontario's excellence in research and further develop synergies between Quebec and Ontario. Today's announcement illustrates the value-added of CQDM's unique business model to support truly innovative translational research", said Diane Gosselin, President and CEO of CQDM.

"I am pleased that Ontario organizations like OCE and OBI are working with colleagues in Quebec on such important programs. These are the kinds of strategic partnerships we envisioned when we created the Ontario-Quebec Life Sciences corridor. Developing innovative new technologies in this field will result in positive economic outcomes for both provinces", said Kathleen Wynne, Premier of Ontario.

"Our government is delighted to note that our support for CQDM continues to bear fruit. The investments will bolster the design of tools geared to the development of promising new drugs in addition to consolidating Quebec's position in this field of the future", said Jacques Daoust, Quebec Minister of the Economy, Innovation and Exports.

About CQDM

CQDM is a pharma-based consortium active in pre-competitive research whose mission is to fund the development of innovative tools and technologies to accelerate drug discovery and development. Unique in the world, CQDM's business model is based on a collaborative approach where all stakeholders share the costs of biopharmaceutical research and benefit from its results. CQDM also provides a common meeting ground where academia, governments, biotechs and the pharmaceutical industry converge to address numerous complex medical challenges. CQDM receives financial support from 8 of the largest pharmaceutical companies around the world (AstraZeneca, Merck, Pfizer Canada, Boehringer Ingelheim, GlaxoSmithKline, Eli Lilly Canada, Novartis Pharma Canada and Sanofi Canada), as well as from Quebec's Ministry of Economy, Innovation and Exportations (MEIE) and the Government of Canada under the Business-Led Networks of Centres of Excellence program (BL-NCE). www.cqdm.org

About Ontario Brain Institute (OBI)

The Ontario Brain Institute is a provincially-funded, not-for-profit research centre seeking to maximize the impact of neuroscience and establish Ontario as a world leader in brain discovery, commercialization and care. Convergent partnerships are created between researchers, clinicians, industry, patients, and their advocates to foster discovery and deliver innovative products and services that improve the lives of those living with brain disorders. www.braininstitute.ca

About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)

Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario's global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, investors and government ministries. A champion of leading-edge technologies, best practices and research, OCE invests in sectors such as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. For more information visit www.onebusiness.ca

About Brain Canada

Brain Canada is a national non-profit organization headquartered in Montreal, Quebec, that enables and supports excellent, innovative, paradigm-changing brain research in Canada. For more than one decade, Brain Canada has made the case for the brain as a single, complex system with commonalities across the range of neurological disorders, mental illnesses and addictions, brain and spinal cord injuries. Looking at the brain as one system has underscored the need for increased collaboration across disciplines and institutions, and a smarter way to invest in brain research that is focused on outcomes that will benefit patients and families.

Brain Canada's vision is to understand the brain, in health and illness, to improve lives and achieve societal impact. Brain Canada is achieving its vision by:


--  Increasing the scale and scope of funding to accelerate the pace of
    Canadian brain research;
--  Creating a collective commitment to brain research across the public,
    private and voluntary sectors;
--  Delivering transformative, original and outstanding research programs.

The Canada Brain Research Fund

The Canada Brain Research Fund is a public-private partnership designed to encourage Canadians to increase their support of brain research, and maximize the impact and efficiency of those investments. Brain Canada has committed to raising $100 million from private and non-governmental sources, which will be matched by government on a 1:1 basis. The Fund was announced in federal budget 2011, which proposed to "allocate up to $100 million to establish the Canada Brain Research Fund, which will support the very best Canadian neuroscience, fostering collaborative research and accelerating the pace of discovery, in order to improve the health and quality of life of Canadians who suffer from brain disorders." For more information, visit us at www.braincanada.ca.

Contacts:
Julie Martineau
Senior Director, Communications and Corporate Development
CQDM
(514) 766-6661, ext. 2198
[email protected]
www.cqdm.org

Garth Smith
Director, Industry Relations, OBI
647 872 1208
[email protected]
www.braininstitute.ca

Stuart Green
Manager, Media Relations
Ontario Centres of Excellence
416-861-1092
[email protected]
www.oce-ontario.org

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...