In your riding, we discovered PiP-Tazo in 1986, a drug that's sold worldwide and saves millions of lives every year.
There is no lack of innovation. Alberta is a leader when it comes to AMR research. We have tapped into some federal funding, but what you need to understand is that the times have changed. Programs like the industrial research assistance program, IRAP, dictate that companies that qualify for that really need to continue to increase the number of staff, because IRAP basically pays about 80% of the funding for new staff.
For companies like us, human resources are a big issue. In order for us to continue to increase staff and carry the overhead that this brings into the company is an issue. We use different models of funding in order for us to keep the lights on, but the requirement by IRAP is an issue. We raised that with IRAP; there have to be other ways to award companies that would not restrict them. That was one of the issues.
Other programs that exist in Canada are really tailored for people who have a product demonstration. This means that we have to have taken the drug into clinical trials in order for us to continue, which leaves about maybe a gap of seven or eight years from the time our company would take the product until it reaches clinical trials. That gap now is unfunded. This is the period that we're talking about. We need to bridge that gap from a product coming out of academic research to it reaching clinical trials. Once I'm in clinical trials, I have proof of concept in humans and I'm almost closer to the end, but that gap between proof of concept in animals to proof of concept in humans right now is...not existing.
