Ontario Welcomes $138 Million Investment in the Life Sciences Sector

December 3, 2025

Ontario is home to almost 2,000 life sciences firms that export over $11.8 billion annually and employ more than 74,000 people.

With global demand for medical isotopes set to ramp up in the years ahead, AtomVie’s expanded Hamilton facility adds a critical link to our province’s life sciences supply chain and ensures that the production and research of life-saving medical treatments happens right here in Ontario.

AtomVie’s investment is the third major project announced by the government this week, totalling $400.8 million and up to 435 Ontario jobs.

In support of this investment, Ontario is providing up to $5 million in funding through the Invest Ontario Fund.

Since 2018, Ontario has attracted a historic $113 billion in foreign direct investments and created one million new jobs.

With U.S. tariffs impacting workers and businesses across key sectors, the Ontario government is protecting the province by lowering taxes, reducing red tape, and making strategic investments that will build Ontario into the most resilient, self-reliant, and competitive economy in the G7.