{"id":12069,"date":"2021-09-01T09:15:18","date_gmt":"2021-09-01T14:15:18","guid":{"rendered":"https:\/\/www.technoparc.com\/?p=12069"},"modified":"2021-09-16T08:54:26","modified_gmt":"2021-09-16T13:54:26","slug":"blog-paraza-pharma","status":"publish","type":"post","link":"https:\/\/technoparc.com\/en\/blog-paraza-pharma\/","title":{"rendered":"Paraza Pharma or the ‘Apple’ of contract research organizations"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_row _builder_version=”4.9.7″ _module_preset=”default” background_color=”#D6D6D6″][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

With almost 20% annual growth, a unique business model and four operating sites, Paraza Pharma is planning to continue its expansion. <\/strong><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_row _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

Quebec is a world leader in the pharmaceutical industry. A number of Quebec’s leading companies in the sector, such as Paraza Pharma Inc.<\/a>, which is dedicated to improving the efficiency of the drug discovery process, have settled in the Technoparc Montr\u00e9al.<\/p>\n

The company started its operations in Laval within the life sciences incubator (CQIB<\/a>) exactly 10 years ago, in 2011, with two chemists. Two years later, as the company grew and developed new services, particularly in drug metabolism and pharmacokinetics (DMPK) and chemistry, it moved to the Technoparc Montr\u00e9al at the NEOMED Institute (now adMare BioInnovations)<\/a>. The company quickly needed more space and in 2015 it purchased a 25,000 square foot site at the Technoparc, while keeping its facilities at the NEOMED Institute.<\/p>\n

Today, Paraza Pharma has four operating sites: two in the Technoparc Montr\u00e9al, one in Laval and one in the United States, for a total of 70,000 square feet of operations and 200 employees \u2013 the majority in Montreal.<\/p>\n[\/et_pb_text][et_pb_image src=”https:\/\/technoparc.com\/wp-content\/uploads\/2021\/09\/louis-reed-pwckf7l4-no-unsplash-1-scaled.jpg” title_text=”louis-reed-pwcKF7L4-no-unsplash (1)” _builder_version=”4.9.7″ _module_preset=”default”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

Leaving Montreal and coming back <\/strong><\/h2>\n

Paraza Pharma’s CEO, Arshad Siddiqui, has worked for almost 22 years in the biotechnology sector, holding several senior positions in various large pharmaceutical companies, including ShireBioChem Pharma in Montreal. Early 2000 saw a massive realignment of the pharmaceutical industry, and as a result, many of the pharma companies decided to terminate their R&D activities in the Montreal area and other parts of the globe as well, and many qualified scientists in the pharma sector were left with little choice but to move from the region.\u00a0<\/p>\n

As a result, Arshad Siddiqui decided to move across the border to Boston. However, he wanted to be in Montreal and he quickly realized that his contacts in the U.S. would allow him to come back. He finally returned in 2011 to create Paraza Pharma Inc.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

A unique vision from the start<\/strong><\/h2>\n

 <\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”1_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_image src=”https:\/\/technoparc.com\/wp-content\/uploads\/2021\/09\/arshad-siddiqui.jpg” title_text=”Arshad-Siddiqui” _builder_version=”4.9.7″ _module_preset=”default”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_testimonial _builder_version=”4.9.7″ _module_preset=”default”]\n

“I want to create the Apple of the world of contract research organizations, and be unique in that sense,”<\/em> said Arshad Siddiqui, before he founded Paraza Pharma.<\/h3>\n[\/et_pb_testimonial][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

His vision guided him and still guides him today. Arshad wanted to create a unique pharmaceutical R&D organization that was intellectually on par with, and seen as an extension of, the client-partner\u2019s R&D organization.\u00a0<\/p>\n

He wanted to create a contract research organization, but a different one. He didn’t want to offer services but collaboration<\/em>. He didn’t want clients but partners<\/em>. The idea of Paraza Pharma was therefore, from the start, to function as an extension of its partners for development and research services.<\/p>\n

Growing demand in times of pandemic<\/strong><\/h2>\n

The pandemic has not slowed down Paraza Pharma’s growth. With health regulations in place in the United States, where the majority of the company’s partners operate, many laboratories had to close or operate at reduced capacity. But the situation was quite different in Canada, as the government allowed pharmaceutical companies to remain open as an essential service. As a result, the whole research and development aspect of many partners has been delegated to Paraza Pharma.<\/p>\n

Arshad is very positive and hopeful about the company’s future, and he expects continued growth in terms of additional services, jobs and space.<\/p>\n

 <\/p>\n

 <\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.9.7″ _module_preset=”default” background_color=”#D6D6D6″][et_pb_row _builder_version=”4.9.7″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.7″ _module_preset=”default”][et_pb_text _builder_version=”4.9.7″ _module_preset=”default”]\n

Discover the Technoparc’s companies<\/h2>\n[\/et_pb_text][et_pb_button button_url=”https:\/\/technoparc.com\/en\/our-companies\/” button_text=”Our companies” button_alignment=”center” module_class=”boutonrouge” _builder_version=”4.9.7″ _module_preset=”default”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

With almost 20% annual growth, a unique business model and four operating sites, Paraza Pharma is planning to continue its expansion. Quebec is a world leader in the pharmaceutical industry. A number of Quebec’s leading companies in the sector, such as Paraza Pharma Inc., which is dedicated to improving the efficiency of the drug discovery […]<\/p>\n","protected":false},"author":7,"featured_media":12042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-12069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-article-en"],"acf":[],"yoast_head":"\nParaza Pharma or the 'Apple' of contract research organizations - Technoparc Montr\u00e9al<\/title>\n<meta name=\"description\" content=\"Paraza Pharma, Inc. is an innovative collaborative research organization passionately committed in helping you advance your Drug Discovery Programs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/technoparc.com\/en\/blog-paraza-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paraza Pharma or the 'Apple' of contract research organizations - 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