The Centre for Drug Research and Development (CDRD), its commercial arm, CDRD Ventures (CVI), and GlaxoSmithKline (GSK) in Canada are collaborating to provide financial resources and drug development expertise to Canadian research institutions. GSK will provide project-based funding to support the commercialization of health research.
The first such vehicle is a “GSK-CDRD Innovation Fund” within CDRD to support certain early-stage projects to be conducted by CDRD and carried out in collaboration with academic investigators at CDRD's affiliated institutions and/or hospital-based research centers. A joint Innovation Committee comprising both GSK and CDRD representatives as well as external reviewers will select projects to be supported from this fund.
