The Star: Plasma company takes $400 million expansion out of Ontario

Posted on: August 3rd, 2016 by webmaster

A company that has tried to establish three pay-for-plasma operations in the Greater Toronto Area says it’s halting a $400 million expansion planned for Ontario and taking it to western Canada due to this province’s intention to ban paid blood donations.

Toronto-based Canadian Plasma Resources says it had planned to open 10 plasma collection centres in Ontario, along with a plant that would separate plasma into component parts.

But that plan, which the company says would have included about 2,000 jobs, has been scuttled and talks are being finalized to expand in an unidentified western province.

Read the full article on The Star web site.