Galderma, which produces the skin care line Cetaphil, received more than $38 million from Investissement Quebec, the province’s investment program, which targets product development projects by Quebec companies. The sum includes a non-refundable $3.8 million financial contribution that will help Galderma modernize and expand its drug manufacturing plant in Bai-d’Urfe.
“The government’s support was a decisive factor in Galderma’s decision to locate its center of excellence in Quebec,” says Michel Sauvageau, manager of the Bai-d’Urfe plant. “In response to the progress of emerging countries in biopharmaceuticals, this investment in our manufacturing facility will increase its capacity and make it truly state-of-the-art.”
The funds will also allow Galderma to consolidate 240 positions and create 30 new, specialized jobs.
