Life Sciences Newsbrief – June 2011, Issue #32

Welcome to our monthly issue of the Life Sciences Newsbrief. This publication will provide you with a snapshot of developments in the Canadian and global life sciences industry along with upcoming Canadian events and thought leadership. If you need further information, please contact any of the life sciences professionals listed.

Thought Leadership

Brand Protection: Risk mitigation strategies can help life sciences companies preserve brand integrity and revenue
A major portion of a company's value derives from intangible assets such as brand equity, but threats to brands have grown with the proliferation of online pharmacies and user-generated content. Estimates of annual global sales of counterfeit medicines range from $35 billion to $75 billion and the prevalence of this issue is only expected to expand as the Internet grows as a popular source of health information. This brief from PwC offers an overview of this growing issue and a 4 step process to implement your own brand protection program.

Events

Director's Fees: An overview of corporate and personal compliance for Canadian companies and their directors
PwC's Human Resource Services practice invites you to join us for a 60 minute interactive webcast for an overview of the various taxation issues that arise with payment of directors fees, including:

• Corporate tax considerations including compensation reporting and withholding requirements for payments to resident and non-resident directors of Canada; and
• Personal tax considerations for both resident and non-resident directors performing services in Canada.

Gord Jans, PwC National Pharmaceuticals and Life Sciences Leader Wins National Biotech Award
We are very pleased to announce that BIOTECanada has awarded their 2011 Gold Leaf Award for Contribution to the Association to our very own Gord Jans. The award is in recognition of numerous projects that Gord has been involved with over the years and in particular during the past year with the launch of Inflection Point: Canadian Life Sciences Industry Forecast 2011 and his active participation on the Flow-through Shares Working Group. Gord credits his many colleagues at PwC who supported him in all of these initiatives and who strive hard every day to make a positive difference for our life sciences clients and the industry as a whole. The award will be presented on June 16 at BIOTECanada's Annual General Meeting in Brampton, Ontario.

2011 BIO International Convention
June 27-30 in Washington, DC, USA
The world's largest biotech industry event is sponsored by PwC, and includes programs and sessions that help put you on the forefront of biotech's most important developments. For more information, please visit: www.bio.org.