MaRS Monthly Roundup — May 2024

Published on May 3, 2024

Carbon removal credits, plant-based protein and using AI to fill in those pesky potholes. Catch up on the latest tech and innovation news.

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Budget capital gains changes are a tipping point for Canadian startups: survey

May 2, 2024
The results of a new survey highlight tax changes and other challenges faced by Canadian startups — and the need for policies that foster innovation and growth. From massive investments in AI to additional funding for the SR&ED program to changes to the capital gains tax, the recently tabled federal budget touched on many issues of interest for the innovation community. And, to put it mildly, the

Novartis to buy Mariana Oncology in radiopharmaceutical expansion

May 3, 2024
Dive Brief: Novartis is expanding its pipeline of radiopharmaceutical drugs, announcing Thursday it has agreed to pay $1 billion to acquire biotechnology company Mariana Oncology. Mariana, which specializes in the targeted radiation medicines, could receive up to $750 million more from Novartis if certain milestones are met. The deal hands Novartis several drug programs, including one candidate be