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
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.