Biotech News

Plunge in oil price seen as opportunity for Alberta biotech sector

Alberta’s biotechnology sector could benefit from plunging oil prices and the flow of investment away from the energy industry. The province has long courted companies involved in high-tech health and drug development, only to see them leave for the U.S. or other provinces. "They eventually follow the venture capital money,” said LorneTyrell, a former dean of medicine at the University of Albert…