Indiana pharmaceuticals giant Elanco Animal Health has sold its Prince Edward Island operation, a stalwart of the province’s life sciences cluster, to Merck & Co. for US$1.3 billion, or C$1.75 billion.

Elanco’s business unit for aquaculture pharmaceuticals, which began as one of P.E.I.’s earliest startups in the 1980s, employs more than 140 people on the island and generated about $175 million

A trio of Atlantic Canadian universities are offering STEM programs ranked among the top 20 percent globally by Times Higher Education’s prestigious World University Rankings, which rate the quality of post-secondary institutions.

The University of New Brunswick’s computer science and engineering faculties have both ranked among the top 20 percent in the world for 2023, as has Dalhousie

The Atlantic Canada Opportunities Agency made just shy of $20 million of funding commitments to startups in 2023, less than half its 2022 total.

An analysis by Entrevestor of ACOA’s funding agreements finds that last year’s figure is a decline of about $24 million from 2022’s $44 million. The loans and grants are flowing to a proportionately reduced number of projects, at 129 compared to 224

Atlantic Canadian startups made a strong showing last week at the University of New Brunswick’s BMO Apex Startup Challenge.

The event, organized by UNB’s International Business & Entrepreneurship Centre, saw students and early-stage entrepreneurs from across Canada compete to develop business plans for new ventures.

Held Jan. 25 and 26, the event included multiple streams, including two for

We’re calling on all startups to complete our quick-and-confidential 2023 Atlantic Canadian startup survey, which is the backbone of our coming Entrevestor Atlantic Canada Startup Data report.

The startup report provides a benchmark used by governments and support organizations for the entire innovation sector in the region. Entrevestor is completely independent, absolutely agnostic in terms of

Two Atlantic Canadian medtech companies have joined life sciences accelerators.

St. John's-based PragmaClin Research, which is developing technology to help monitor Parkinson’s patients, is joining the United Kingdom’s Plug and Play Health accelerator, part of an international network of similar programs. And Halifax's Myomar Molecular, which has developed a urine test to monitor muscle

Halifax- and Toronto-based MIMOSA Diagnostics, which makes a medical device for non-invasively assessing tissue damage, has received Health Canada approval six months after it launched its technology in the Untied States.

The sign-off paves the way for the company to sell its MIMOSA Pro device north of the border, following comments last year by CEO Dr. Karen Cross that pursuing American

Halifax edtech-maker Shoelace Learning will be one of seven finalists to compete in the SXSW EDU Launch Startup Competition at the internationally recognized South by Southwest arts festival in Texas March 5.

Finalists also receive access to business development opportunities and invite-only networking events, as well as receiving pitch training prior to the competition.

Shoelace, which is led

New Brunswick’s Air Clarity Solutions is launching the pilot program for its water-based industrial air filtration systems with clients in Atlantic Canada next week as founder Mike Rushton looks to make environments like auto body shops and boat building facilities safer for workers.

Rushton, an environmental technologist, was previously an automotive technician who specialized in restoring

Tribe Network, the Halifax-based professional organization for racialized startup founders, now counts more than 1,000 people and organizations among its members and has worked directly with 700 program participants in its three-year history.

Those figures are according to Tribe’s first Impact Report, covering the years 2020 to 2023. The report goes on to say that Tribe has also distributed more