Mr. Speaker, I am pleased to rise and tell the House some very important news for the pharmaceutical industry in Canada and in Quebec. Technilab Pharma has bought out AltiMed Pharmaceutical, an Ontario company.
Technilab Pharma, a company that was founded in 1974 and has its headquarters in Mirabel in my riding, will now be the third-ranking generic drug manufacturer in terms of revenues and the fourth-ranking pharmaceutical company in terms of number of prescriptions filled by pharmacists across Canada.
Technilab Pharma expects to more than double its annual revenues to $160 million and currently employs 350 people in its three plants.
Congratulations to this leader of the pharmaceutical industry for its contribution, on the economic level, to the health of all Canadians.