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BenchSci, a University of Toronto startup that uses machine learning to help scientists speed up the process of drug development, has raised $63 million from investors as it looks to expand its platform, The Globe and Mail and Betakit reported.
The latest round of funding was led by Montreal-based Inovia Capital and American private equity firm TCV alongside BenchSci’s previous investors, which include Google’s Gradient Ventures.
Luke Spooner, a University of Toronto alumnus, has spent than two years supporting the planning and development of a recently launched biosimilars drug initiative in the Northwest Territories – one of only a handful of such programs in Canada.
The initiative will switch patients from original biologic medication to less expensive, highly similar versions known as biosimilars.
After five decades in activism, city-building and community planning, University of Toronto alumna Ceta Ramkhalawansingh has amassed an impressive collection of local history – and she is donating some of it to her alma mater.