CANADA by the Health Charities and Industry , has the potential to make Canada a global leader in providing cellular therapies for its citizens .” “ How do we turn our Canadian health care system from a major cost centre into a significant revenue generator ?” continued Eaves . “ Healthcare is the biggest industry in the world and we need more Canadian companies making products that support it . However , these products have to be so good that the rest of the world wants to buy them . STEMCELL is an example of such a company with only 4 percent of its sales in Canada . As 50 percent of its $ 100 million in sales are from the U . S ., 25 percent from Europe and 20 percent from Asia / Pacific , these export dollars are of significant value to Canada ’ s economy and help support our health care system .
Company Information
INDUSTRY
Healthcare Global
HEADQUARTERS
1618 Station Street Vancouver , BC Canada , V6A 1B6
FOUNDED
1993
EMPLOYEES
650
Looking Ahead Every company has goals of expansion and STEMCELL Technologies is no different . Within the next five years , the company plans to open another production facility on the East Coast and another in Europe .
“ We double in size every five years ,” said Eaves . “ The goal is to keep growing . We ’ re a global company and we ’ ll continue to foster that . We have employees in 10 countries and distributors in about 60 other countries . Our goal is that any time you walk into a lab , anywhere in the world , you are going to see a STEMCELL product being used .”
REVENUE
$ 100 M
www . stemcell . com 43