AbbVie (ABBV) announced the expansion of its partnership with BioLabs by becoming the founding sponsor of the new BioLabs University of Toronto. The AbbVie and BioLabs collaboration will accelerate life science research. AbbVie will offer the annual AbbVie Biotech Innovators Awards in partnership with BioLabs University of Toronto. Selected startups will receive mentorship from AbbVie's scientific and business leaders.
BioLabs University of Toronto provides approximately 40,000 square feet of fully equipped laboratory and collaboration space, enabling early-stage startups to access critical scientific infrastructure, shared resources and industry mentorship.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.