I want to put some correct numbers out, just to make sure that you understand the picture.
Right now, in Canada, we're seeing one in four patients presenting with a resistant infection. By 2050, this number is projected to be 40%, so we're looking roughly about one in two patients having infections that are resistant to standard treatment. This translates to roughly 400,000 Canadians dying every year from AMR by 2050, at a cost of $120 billion to the hospitals and $380 billion in GDP loss. These numbers are very significant. This is by 2050.
When we talk about funding for research, we should not only look at funding for basic university research, which is the frustrating part that I have been dealing with for the last 30 years. Universities produce innovation, but there's a gap between what happens at the university level and the drugs that make it to market. Universities do not produce drugs; companies produce drugs. The gap in the innovation cycle in Canada has existed for as long as I have been working in that space, with no real access to funding for companies like ours, for example. That's why the industry has disappeared in Canada. It's not just a supply chain; it's an innovation gap.
You spend billions of dollars on the universities to make sure you have great research—and I commend all my colleagues in academia—but unless we have a mechanism that exists today to bring companies and bring innovation into reality in Canada, we will fall behind—and we are falling behind. There are no mechanisms that exist in Canada.
That's why I commend ISED for introducing HERC, the health emergency readiness Canada program. That program has been talked about for a year. My understanding is that funding is now an issue for that program.
At what point are we going to realize that the billions we are spending on academic research are not realizing that return on investment?