Federal government announces $20M investment for Toronto stem cell research

The federal government will provide $20 million to the Centre for Commercialization of Regenerative Medicine to help establish a stem-cell therapy development facility in Toronto. The Centre for Advanced Therapeutic Cell Technologies will be the first such facility in the world to use a collaborative approach between research institutions and industry to solve cell therapy manufacturing challenges, the government said. The stem cell facility has a total cost of $43.8 million, with funding also coming from GE Healthcare. “The medical advances and innovations happening right here in Toronto are world class.” said Prime Minister Justin Trudeau. 

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