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Canadian venture fund could boost devices and diagnostics industry

This article was originally published in Clinica

Executive Summary

A new venture capital fund in Canada has linked up with the` Canadian Medical Research Council (MRC) to target health sciences. In exchange for a share of the profits, the MRC will help the Canadian Medical Discoveries Fund to identify medical research with potential commercial value. The fund expects to raise around Can$150 million ($107 million) in its first year.

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