SASKATOON, Saskatchewan--(BUSINESS WIRE)--Appearing before the Standing Committee on Finance in Saskatoon today, Mr. John Hyshka, Chief Financial Officer of Phenomenome Discoveries showcased the Canadian biotechnology industry accounts for 11% of all business-sector R&D. Biotechnology companies spend over $1.5 billion each year on research and development in Canada. Moreover biotechnology innovations have become core to supporting over 1 million Canadian jobs and $86 billion of the Canadian economy.
