House of Commons

Thank you, Madam Chair. I'm going to split my time this evening with my colleagues. My question is for Dr. Wright. Waterloo region is home to some of the best biomedical engineering minds on the planet. We invent in the region, but too often we watch someone else commercialize, manufacture and capture the jobs and the wealth. From your experience, what are the biggest systematic barriers—like high taxes, inflationary pressures or slow approvals—that are pushing biotech commercialization and our talent to the U.S. instead of keeping it here in Canada?