Canada Continues to Shed Biotech Jobs
Yesterday I reported that Cangene, one of Canada’s oldest and largest biotechnology companies was reorganizing and laying off 120 employees. Today, the French drug maker Sanofi-Aventis announced that it would eliminate 100 jobs at its Montreal area (Laval) facility to allow for better integration of Genzyme, the Massachusetts-based biotechnology company that was acquired last year for more than $20 billion. About 1,700 employees work for Sanofi’s Canadian division.
Today’s layoff news comes only day after Johnson & Johnson announced that it would close its Montreal research center and layoff 126 employees. This is bad news for Montreal which emerged as one of Canada’s hot pharmaceutical and biotechnology zone in the early 2000s.
The Canadian biotechnology sector is much smaller than its US counterpart but there are several high profile companies that have been able to establish themselves as players in the global biotechnology industry. Hopefully, these companies will be able to weather to the economically-challenging times that are currently plaguing the Canadian biotechnology industry.
Until next time...
Good Luck and Good Job Hunting!!!!!!!!!
Little is published in the blogosphere about the life sciences industry in Canada. Because of this, many people think that Canadian scientists and other bioprofessionals may have fared better than their US counterparts. However, like the US, thousands of scientists and others have lost jobs throughout Canada during the almost three year global recession.
Ed Silverman over at Pharmalot reported today that Health Canada, the Canadian equivalent of the FDA has beaten the 