Health Opportunities, Nov 7, Thunder Bay

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Global Benchmarking : 

Global Benchmarking

Global Benchmarking : 

Global Benchmarking Canada receives a D grade in innovation & ranks 13th out of 17th in OECD Relative comparative decline in average health status, from 5th to 10th

Global Benchmarking : 

Global Benchmarking Higher % of R&D from government Produces lots of scientific discovery and lots of small companies w/o critical mass to compete globally

Issues For Northern Ontario : 

Issues For Northern Ontario Lack of comparative critical mass of companies and supporting infrastructure Geography limits cooperation, networking & service delivery

Issues For Northern Ontario : 

Issues For Northern Ontario Comprehensive health sector industrial strategy? Canada Health Act is a double edged psychological sword!

Additional Issues : 

Additional Issues Higher morbidity rates Poor understanding of the nature of health research including its corresponding commercialization pathways

Additional Issues : 

Additional Issues Scarce funding resources Business model must focus on both prevention and management of chronic disease

HOT SPOTS : 

HOT SPOTS Molecular medicine: mitochondrial DNA, genetic DNA analysis Miscellaneous genetic research applications

HOT SPOTS : 

HOT SPOTS Cancer research – including diagnosis, staging and treatment platforms A variety of eclectic research initiatives from NOSM, including natural and traditional pharmacological sources

HOT SPOTS : 

HOT SPOTS Telemedicine and rural service delivery World class clinical trial expertise and capacity Health care informatics/medical geography

Additional Opportunities : 

Additional Opportunities Health promotion Targeted bioprospecting of forest and agriculture based substances Nutraceuticals and Functional Foods

Additional Opportunities : 

Additional Opportunities Clinical research organizations: traditional and specialized eg. evaluating the safety and efficacy of nutritional therapies Toll manufacturing opportunities eg. devices, drug delivery systems, nutraceuticals, biologicals?

Additional Opportunities : 

Additional Opportunities Development of medical devices Delivery system technologies Integrated patient and clinical data systems

Slide 15: 

STRATEGY Resources & Assets Infrastructure Existing & New Project Opportunities

What’s Needed : 

What’s Needed A focused but integrated health strategy which targets innovative therapies, products and services with the long term goal to improve both the health status of Northerners and to generate the wealth to finance ongoing programs and R&D

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