Why is Canada’s life sciences sector flatlining?

Given that the feds are gutting discovery science for "innovation" (read: $$$$), you would think that this would not be happening. Could it be that (*gasp*) the Conservatives are going about science *wrong*?

 

Naw... that couldn't be it....

Given the abundance of biotech research, you would think the Toronto Stock Exchange would be brimming with biotech heavyweights—companies that transformed that research into a dazzling array of commercial products. Sadly, that’s not the case. The rate of successful commercialization of Canadian intellectual property discoveries is pathetic compared to the United States, France, Britain, Sweden, Netherlands, Germany, Switzerland and several other countries, even when adjusted for their relative economic size (and especially when adjusted).