Halifax, April 19, 2016 – Today, BioNova and Innovative Medicines Canada announced the signing of a memorandum of understanding between the organizations to foster collaboration in Canada’s life sciences communities between the pharmaceutical sector and life sciences organizations in Nova Scotia. “This agreement will accelerate the development of pharmaceutical companies in Nova Scotia – supporting the local economy and giving Nova Scotian’s a voice for issues on a federal level,” said Scott Moffitt, Managing Director of BioNova. “We’re very pleased about this partnership and look forward to working closely with Innovative Medicines Canada.” This memorandum of understanding will allow BioNova and Innovative Medicines Canada to offer a joint membership to life sciences companies and associated stakeholders in Canada in an effort to enhance networking opportunities and develop partnerships that will lead to the discovery of the next generation of life-saving therapies. “Canada’s innovative pharmaceutical sector provides immense value to patients, to the healthcare system and to Canada’s economy as a whole,” said Russell Williams, President of Innovative Medicines Canada. “We look forward to promoting and stimulating this great, innovative work with BioNova to ensure that Nova Scotia’s life sciences economy can flourish in Canada to the benefit of all.”