Paraza Pharma: A Different Kind of Organization in Drug Discovery
With locations in Montreal, Laval and Cambridge (USA), the organization supports client-partners advance their drug discovery projects. Significantly contributing to Quebec’s life sciences ecosystem, Paraza Pharma is a drug discovery research organization that is helping companies achieve their milestones with success and grow their business.
Collaborative and highly integrated drug discovery engine
In 2011, Paraza Pharma was founded with a vision to establish partnerships that works as an extension of the R&D function of its client-partners. The organization started its operations in the Biotech City, in Laval. Two years later, due to its rapid expansion and space needs, Paraza Pharma moved to NEOMED Institute as first anchor tenant and was awarded the Prix GENESIS 2013 for the fasted growing company in Montreal.
Paraza Pharma is an integrated drug discovery organization with chemistry, in vitro and in vivo biology and DMPK functions which provides flexible business models to suit clients’ needs. Paraza Pharma has been providing drug discovery support to small and large pharma, biotech companies, start-ups, venture companies looking to increase program/company valuation and academic institutions requiring expert drug development support. Their world-class drug discovery experts help partners achieve their program milestones from lead identification through lead optimization and development candidate selection.
They bring a collaborative model for drug discovery that moves beyond the “Traditional CRO Approach”!
In ten years of operations, Paraza Pharma has served hundreds of client-partners, some for full and integrated multi-year collaborative support, some for supporting specific functions, while others for one-off support. The organization has demonstrated to be a value-added partner contributing to significant fund raising for its partners in addition to supporting delivery of clinical candidates and supporting patents/applications and publications.
An innovative and collaborative organization passionately committed to contributions to the Quebec’s life sciences sector
Paraza Pharma is proud to contribute significantly to the local life sciences ecosystem in Quebec and for being a good community citizen. Paraza Pharma supports local ecosystem through partnerships, providing grants to academic labs, providing apprenticeship training to students and graduates, and hiring young talent.
Boston, one of the hottest life sciences hubs in the U.S.
The greater Boston area, primarily Boston and Cambridge, is home to more than 1,000 biotech companies, ranging from small start-ups to pharmaceutical companies. The many universities in the region offer a vast network of scientists. Paraza Pharma has been able to identify favorable business opportunities in this life sciences ecosystem, which has enabled them to develop numerous partnerships in the American market. A location in Kendall Square in Cambridge has helped propel Paraza Pharma and, thanks to this strategic location, Paraza Pharma now has several client-partners across the United States.
Successful Business Trajectory
Over the past 10 years, Paraza Pharma has grown steadily from 2 people to about 200 people strong, and the growth projections for the next 5 years are equally promising. Therefore, Paraza Pharma expects to continue to hire significant number of R&D scientists and support staff in foreseeable future. Paraza Pharma also plans to add chemical libraries and screening platforms to its services in near future.
You have a project and would like to partner with Paraza Pharma to advance your drug discovery program? Contact the team!
Visit Paraza Pharma’ website for more information about the organization.