5 Apr 2012

Valeant moving to Montreal

The pharmaceutical company Valeant has announced that it will be moving its global headquarters from Toronto to Montreal, thanks to funds from the Quebec government.

The Quebec pharmaceutical industry has seen numerous job losses in recent years, so this is a sign of good news for the region. Valeant is building a new research facility north of Montreal that will focus on dermatology projects.

The move is being funded in part by $6 million from the Quebec government, with $2.5 million of that total expected to be repaid over time – although the loan is interest free.

"The Quebec government was quite generous and accommodating," Valeant chief executive officer Michael Pearson told the Globe and Mail. "We plan to keep growing, and the upside for us, from all the other companies downsizing or moving out, is that there are a lot of talented people [available]."

When major companies move, they may need to store documents or other pieces of equipment until they can make the transition to the new office. Fortunately, there are a number of affordable self storage options in Toronto and other cities to assist with this.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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