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New residential development focused on diversified housing sparks favour among Canadians and the real estate industry alike, according to RE/MAX® Canada

New residential development focused on diversified housing sparks favour among Canadians and the real estate industry alike, according to RE/MAX® Canada
Canada NewsWire
TORONTO and KELOWNA, BC, Feb. 22, 2023

Canadians optimistic that the housing ma…

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New residential development focused on diversified housing sparks favour among Canadians and the real estate industry alike, according to RE/MAX® Canada

Canada NewsWire

TORONTO and KELOWNA, BC, Feb. 22, 2023

Canadians optimistic that the housing market could regain balance, but affordability and inventory challenges highlight widespread impacts for consumers, real estate industry and broader economy

  • 32 per cent of Canadian homebuyers and sellers are optimistic about the housing market moderating and regaining balance in 2023
  • One in five Canadian homebuyers and sellers endorse new building developments that address the missing middle gap (22 per cent)

TORONTO and KELOWNA, BC, Feb. 22, 2023 /CNW/ -- Amid a fluctuating economic environment, Canadian homebuyers and sellers are optimistic that 2023 could yield a more-balanced market, according to RE/MAX Canada's 2023 Industry Trends Report. The report examines key economic and transactional trends that are likely to impact Canadian homebuyers and sellers, and the broader real estate industry this year.

According to a Leger survey commissioned by RE/MAX Canada as part of the report, most Canadians have at least one concern related to their homebuying or selling journey this year (59 per cent). Unsurprisingly, the highest-ranking on the list are the rising cost of living and inflation (34 per cent), followed by a lack of affordable housing options in their community (25 per cent), and the rising cost of rent (25 per cent).

Beyond the implications on Canadian homebuyers and sellers, these various housing-related factors will have a trickle-down effect on the real estate industry and the broader economy. According to Statistics Canada, the share of contributions from the Real Estate and Rental and Leasing (RERL) sector to Canada's gross domestic product (GDP) has grown considerably in the last two decades, with up to 1 in 5 GDP dollars now generated from RERL in some provinces. Nationally, RERL is the largest contributor to the Canadian economy, at 13.5 per cent.

To view the full interactive report, please click here.

"For the real estate industry this year, a moderating market could mean some major shifts in how brokers run their business. We may start to see some consolidation as brokerages adapt to the economic slowdown. On an individual level, part-time agents could have a harder time progressing, as they may not be able to meet the needs of Canadians, or their brokerages. And one-on-one, personalized meetings with clients will be more important than ever before," says Christopher Alexander, President, RE/MAX Canada. "This year, the industry needs to be focused on client service, education, and transparency in order to best serve clients."

Looking beyond the transactional impacts on consumers, real estate companies, and the housing industry, the challenges felt in Canada's housing market could likely touch other industries as well. According to RE/MAX Canada, this includes impacting employers' and companies' ability to attract new workers who may find it difficult to secure housing; local communities' ability to attract and retain new businesses to support economic growth due to rising office rental prices, lack of availability, and more.

"The potential wide-spread impacts of our housing crisis can be mitigated, but challenges need to be tackled in a coordinated, strategic effort by all levels of government. I encourage visionary thinking and solutions that may include reforming municipal zoning laws to allow for a greater diversity of housing; expanding capacity for laneway developments; and using available land to drive housing supply in a manner that doesn't compromise climate adaption and mitigation efforts," says Alexander. "For that to happen, some tough decisions need to be made."

Canadians strongly believe that addressing the affordability and supply crisis should be among the most important priorities for governments across the country (66 per cent). Additionally, 41 per cent feel that removing zoning and development red tape is a key measure to improve housing supply and something they hope will continue to expand.

"Our severe lack of supply in every town, community, and city across the country, seeps into almost every facet of the lives of Canadians. Not only are their housing options being impacted, but a tighter housing market may compromise job prospects, among other things, placing even greater urgency on governments and housing industry experts to address Canada's affordability crisis," says Elton Ash, Executive Vice President, RE/MAX Canada. "While we wait on these longer-term solutions to be implemented, Canadians should stay informed and work with experienced real estate professionals that can help them navigate the challenges of affordability, neighbourhood liveability, climate risks and zoning realities, among other factors, so that they may make the best buying and selling decisions for their unique situation."

Regional Industry Insights

RE/MAX brokers and agents were asked to provide a local perspective on the issues impacting their markets, including the Greater Vancouver Area, the Greater Toronto Area, Edmonton, Winnipeg and Halifax.

Vancouver-GVA, BC

The top trends anticipated to impact Greater Vancouver Area's housing market in 2023 include higher interest rates, the mortgage stress test and low inventory, which is compounded by looming demand from move-over buyers and the influx of new immigrants to the city.

Successfully navigating the market this year will mean, "forgetting the noise and looking at your own personal situation," says Tim Hill, real estate advisor at RE/MAX All Points Realty. "Make a real estate decision based on how it will benefit you and your family. If it makes sense, go for it. If not, don't follow the herd. Working closely with your REALTOR® to advise on key considerations and factors specific to your own goals will now be more important than ever before. You should be asking your REALTOR® to provide you with the latest news and counsel around these key factors, specific to your own situation." 

Toronto-GTA, ON

The Greater Toronto Area is also likely to feel the impact of the rising cost of living, increased demand from a growing population, unemployment status, the mortgage stress test and housing diversification as it relates to "the missing middle." With the higher cost of living hobbling first-time homebuyers' capacity to buy, rental prices are also hitting new highs.

When it comes to immigration, Canada is rightly welcoming record numbers of new Canadians. However, the added demand is expected to drive up both residential sale and rental prices unless more housing inventory is added to the market.

"Rising interest rates, inflation and a precarious economy have been a topic of discussion for more than a year now, but what remains the most pressing and elusive trend is our chronic lack of housing inventory across Canada, especially in larger urban centres such as the GTA," says Cameron Forbes, broker, RE/MAX Realtron. "We need our municipal, provincial and federal politicians to collaborate more strategically and creatively to address the problem, or risk it overshadowing the market until we come to responsible and sustainable solutions that will actually deliver."

Edmonton, AB

Similar to some of Canada's larger markets, the rising cost of living is a primary concern in Edmonton; however, unique to the region is the growing demand from inter-provincial migration, as Canadians continue to search for pockets of affordability across the country. According to a local RE/MAX broker in Edmonton, this is likely to put further strain on an already-limited housing supply.

"Navigating the most influential trends this year will be challenging. I recommend interviewing at least three REALTORs® before hiring one; thoroughly scanning their client reviews and social media presence, and asking for relevant past performance statistics. Pricing guidance when selling is also critical in 2023, with many listings not accurately priced," says John Carter, broker and owner, RE/MAX River City. "Aside from the guidance we can provide on an ongoing basis, in order to truly help Canadian homebuyers and sellers achieve their goals, it's critical that we look at effective, collaborative and visionary ways to increase housing supply across all levels of government."

Winnipeg, MB

While Winnipeg's market is likely to experience many of the same factors that are expected to impact other regions surveyed, higher taxes are also likely to be top of mind in 2023.

"Winnipeg is unique in that it's currently experiencing rising taxation levels, in addition to all of the other economic challenges facing the housing market. It's one more housing obstacle Winnipeggers need to overcome," says Akash Bedi, broker and owner, RE/MAX Executives Realty, Winnipeg. "While we wait for governments to implement a national housing strategy to boost Canada's supply of affordable housing, my advice for buyers this year is to assess their own individual situations, and work with the right professionals to help evaluate next steps that are right for them. For sellers, I advise that their property is priced and marketed according to current market conditions; and when reviewing sold comparables, be open to adjustments. Flexibility is important."

Halifax, NS

While cost of living remains top of mind in Halifax, red tape impeding development and "missing middle" housing is a prominent consideration this year. Together, these factors have contributed to stifling accessible and affordable housing options in a market that is already facing limited supply.

"While there's trepidation in the market right now, there are still pockets of affordability available in Halifax, and throughout the province," says Ryan Hartlen, broker, RE/MAX Nova. "For homebuyers and sellers alike, I advise them to seek out the right professionals to help them navigate all their options. This is especially critical while we wait on longer-term, more sustainable solutions that will support improving inventory levels and ultimately, affordability, not only in Halifax, but across the country."

Additional key insights from the Leger survey:

  • For 21 per cent of Canadians, anticipated changes/tighter restrictions to the mortgage stress test have encouraged them to make a real estate move sooner than originally planned in 2023
  • 66 per cent of Canadians believe that protecting the environment (i.e. Greenbelt in Ontario) is essential for our quality of life in the long-term
  • 47 per cent of Canadians believe technology could become more important than ever in real estate transactions
  • Investments into public transportation expansions (such as new subway lines) are a priority factor for 38 per cent of Canadians as they think about their homebuyer/selling journey, and may impact their homebuying decisions in the future

About Leger
Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,554 Canadians was completed between January 20-22, 2023, using Leger's online panel. Leger's online panel has approximately 400,000 members nationally and has a retention rate of 90 per cent. A probability sample of the same size would yield a margin of error of +/- 2.5 per cent, 19 times out of 20.

About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC, RE/MAX Ontario-Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides.

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca.

Forward looking statements
This report includes "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.

SOURCE RE/MAX Canada

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Making ‘movies’ at the attosecond scale helps researchers better understand electrons − and could one day lead to super-fast electronics

The 2023 Nobel Prize in physics recognized researchers studying electron movement in real time − this work could revolutionize electronics, laser imaging…

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October 4, 2023

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Attosecond light pulses help researchers understand the movement of electrons. Greg Stewart/SLAC National Accelerator Laboratory, CC BY-SA

Electrons moving around in a molecule might not seem like the plot of an interesting movie. But a group of scientists will receive the 2023 Nobel Prize in physics for research that essentially follows the movement of electrons using ultrafast laser pulses, like capturing frames in a video camera.

However, electrons, which partly make up atoms and form the glue that bonds atoms in molecules together, don’t move around on the same time scale people do. They’re much faster. So, the tools that physicists like me use to capture their motion have to be really fast – attosecond-scale fast.

One attosecond is one billionth of a billionth of a second (10⁻¹⁸ second) – the ratio of one attosecond to one second is the same as the ratio of one second to the age of the universe.

Attosecond pulses

In photography, capturing clear images of fast objects requires a camera with a fast shutter or a fast strobe of light to illuminate the object. By taking multiple photos in quick succession, the motion of the object can be clearly resolved.

The time scale of the shutter or the strobe must match the time scale of motion of the object – if not, the image will be blurred. This same idea applies when researchers attempt to image the ultrafast motion of electrons. Capturing attosecond-scale motion requires an attosecond strobe. The 2023 Nobel laureates in physics made seminal contributions to the generation of such attosecond laser strobes, which are very short pulses generated using a powerful laser.

Imagine the electrons in an atom are constrained within the atom by a wall. When a femtosecond (10⁻¹⁵ second) laser pulse from a high-powered femtosecond laser is directed at atoms of a noble gas such as argon, the strong electric field in the pulse lowers the wall.

This is possible because the laser electric field is comparable in strength to the electric field of the nucleus of the atom. Electrons see this lowered wall and pass through in a bizarre process called quantum tunneling.

As soon as the electrons exit the atom, the laser’s electric field captures them, accelerates them to high energies and slams them back into their parent atoms. This process of recollision results in creation of attosecond bursts of laser light.

A diagram showing how electrons gain, then release energy when exposed to a laser's electric field, with a pink arrow showing the laser's energy and small drawings of spheres stuck together indicating the atom.
A laser’s electric field allows electrons to escape from the atom, gain energy and then release energy as they’re reabsorbed back into the atom. Johan Jarnestad/The Royal Swedish Academy of Sciences, CC BY-NC-ND

Attosecond movies

So how do physicists use these ultrashort pulses to make movies of electrons at the attosecond scale?

Conventional movies are made one scene at a time, with each instant captured as a frame with video cameras. The scenes are then stitched together to form the complete movie.

Attosecond movies of electrons use a similar idea. The attosecond pulses act as strobes, lighting up the electrons so researchers can capture their image, over and over again as they move – like a movie scene. This technique is called pump-probe spectroscopy.

However, imaging electron motion directly inside atoms is currently challenging, though researchers are developing several approaches using advanced microscopes to make direct imaging possible.

Typically, in pump-probe spectroscopy, a “pump” pulse gets the electron moving and starts the movie. A “probe” pulse then lights up the electron at different times after the arrival of the pump pulse, so it can be captured by the “camera,” such as a photoelectron spectrometer.

Pump-probe spectroscopy.

The information on the motion of electrons, or the “image,” is captured using sophisticated techniques. For example, a photoelectron spectrometer detects how many electrons were removed from the atom by the probe pulse, or a photon spectrometer measures how much of the probe pulse was absorbed by the atom.

The different “scenes” are then stitched together to make the attosecond movies of electrons. These movies help provide fundamental insight, with help from sophisticated theoretical models, into attosecond electronic behavior.

For example, researchers have measured where the electric charge is located in organic molecules at different times, on attosecond time scales. This could allow them to control electric currents on the molecular scale.

Future applications

In most scientific research, fundamental understanding of a process leads to control of the process, and such control leads to new technologies. Curiosity-driven research can lead to unimaginable applications in the future, and attosecond science is likely no different.

Understanding and controlling the behavior of electrons on the attosecond scale could enable researchers to use lasers to control chemical reactions that they can’t by other means. This ability could help engineer new molecules that cannot be created with existing chemical techniques.

The ability to modify electron behavior could lead to ultrafast switches. Researchers could potentially convert an electric insulator to a conductor on attosecond scales to increase the speed of electronics. Electronics currently process information at the picosecond scale, or 10⁻¹² of a second.

The short wavelength of attosecond pulses, which is typically in the extreme-ultraviolet, or EUV, regime, may see applications in EUV lithography in the semiconductor industry. EUV lithography uses laser light with a very short wavelength to etch tiny circuits on electronic chips.

A line of silver pipes and machinery, in a bright room, with red and blue handles.
The Linac Coherent Light Source at SLAC National Accelerator Laboratory. Department of Energy, CC BY

In the recent past, free-electron lasers such as the Linac Coherent Light Source at SLAC National Accelerator Laboratory in the United States have emerged as a source of bright X-ray laser light. These now generate pulses on the attosecond scale, opening many possibilities for research using attosecond X-rays.

Ideas to generate laser pulses on the zeptosecond (10⁻²¹ second) scale have also been proposed. Scientists could use these pulses, which are even faster than attosecond pulses, to study the motion of particles like protons within the nucleus.

With numerous research groups actively working on exciting problems in attosecond science, and with 2023’s Nobel Prize in physics recognizing its importance, attosecond science has a long and bright future.

Niranjan Shivaram receives funding from the National Science Foundation and U.S. Department of Energy.

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Cell death is essential to your health − an immunologist explains when cells decide to die with a bang or take their quiet leave

Your cells die to keep you alive. Cell death does everything from fighting cancer cells and pathogens to forming your fingers and toes.

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October 4, 2023

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Programmed cell death such as apoptosis is a common stage of cellular life. Nanoclustering/Science Photo Library via Getty Images

Living cells work better than dying cells, right? However, this is not always the case: your cells often sacrifice themselves to keep you healthy. The unsung hero of life is death.

While death may seem passive, an unfortunate ending that just “happens,” the death of your cells is often extremely purposeful and strategic. The intricate details of how and why cells die can have significant effects on your overall health.

There are over 10 different ways cells can “decide” to die, each serving a particular purpose for the organism. My own research explores how immune cells switch between different types of programmed death in scenarios like cancer or injury.

Programmed cell death can be broadly divided into two types that are crucial to health: silent and inflammatory.

Quietly exiting: silent cell death

Cells can often become damaged because of age, stress or injury, and these abnormal cells can make you sick. Your body runs a tight ship, and when cells step out of line, they must be quietly eliminated before they overgrow into tumors or cause unnecessary inflammation where your immune system is activated and causes fever, swelling, redness and pain.

Your body swaps out cells every day to ensure that your tissues are made up of healthy, functioning ones. The parts of your body that are more likely to see damage, like your skin and gut, turn over cells weekly, while other cell types can take months to years to recycle. Regardless of the timeline, the death of old and damaged cells and their replacement with new cells is a normal and important bodily process.

Silent cell death, or apoptosis, is described as silent because these cells die without causing an inflammatory reaction. Apoptosis is an active process involving many proteins and switches within the cell. It’s designed to strategically eliminate cells without alarming the rest of the body.

Sometimes cells can detect that their own functions are failing and turn on executioner proteins that chop up their own DNA, and they quietly die by apoptosis. Alternatively, healthy cells can order overactive or damaged neighbor cells to activate their executioner proteins.

Apoptosis is important to maintaining a healthy body. In fact, you can thank apoptosis for your fingers and toes. Fetuses initially have webbed fingers until the cells that form the tissue between them undergo apoptosis and die off.

Microscopy image of mouse foot at embryonic stage
The toes of this embryonic mouse foot are forming through apoptosis. Michal Maňas/Wikimedia Commons, CC BY-SA

Without apoptosis, cells can grow out of control. A well-studied example of this is cancer. Cancer cells are abnormally good at growing and dividing, and those that can resist apoptosis form very aggressive tumors. Understanding how apoptosis works and why cancer cells can disrupt it can potentially improve cancer treatments.

Other conditions can benefit from apoptosis research as well. Your body makes a lot of immune cells that all respond to different targets, and occasionally one of these cells can accidentally target your own tissues. Apoptosis is a crucial way your body can eliminate these immune cells before they cause unnecessary damage. When apoptosis fails to eliminate these cells, sometimes because of genetic abnormalities, this can lead to autoimmune diseases like lupus.

Another example of the role apoptosis plays in health is endometriosis, an understudied disease caused by the overgrowth of tissue in the uterus. It can be extremely painful and debilitating for patients. Researchers have recently linked this out-of-control growth in the uterus to dysfunctional apoptosis.

Whether it’s for development or maintenance, your cells are quietly exiting to keep your body happy and healthy.

Going out with a bang: inflammatory cell death

Sometimes, it is in your body’s best interest for cells to raise an alarm as they die. This can be beneficial when cells detect the presence of an infection and need to eliminate themselves as a target while also alerting the rest of the body. This inflammatory cell death is typically triggered by bacteria, viruses or stress.

Rather than quietly shutting down, cells undergoing inflammatory cell death will make themselves burst, or lyse, killing themselves and exploding inflammatory messengers as they go. These messengers tell your immune cells that there is a threat and prompts them to treat and fight the pathogen.

An inflammatory death would not be healthy for maintenance. If the normal recycling of your skin or gut cells caused an inflammatory reaction, you would feel sick a lot. This is why inflammatory death is tightly controlled and requires multiple signals to initiate.

Despite the riskiness of this grenadelike death, many infections would be impossible to fight without it. Many bacteria and viruses need to live around or inside your cells to survive. When specialized sensors on your cells detect these threats, they can simultaneously activate your immune system and remove themselves as a home for pathogens. Researchers call this eliminating the niche of the pathogen.

Cells die in many ways, including lysis.

Inflammatory cell death plays a major role in pandemics. Yersinia pestis, the bacteria behind the Black Death, has evolved various ways of stopping human immune cells from mounting a response. However, immune cells developed the ability to sense this trickery and die an inflammatory death. This ensures that additional immune cells will infiltrate and eliminate the bacteria despite the bacteria’s best attempts to prevent a fight.

Although the Black Death is not as common nowadays, close relatives Yersinia pseudotuberculosis and Yersinia enterocolitica are behind outbreaks of food-borne illnesses. These infections are rarely fatal because your immune cells can aggressively eliminate the pathogen’s niche by inducing inflammatory cell death. For this reason, however, Yersinia infection can be more dangerous in immunocompromised people.

The virus behind the COVID-19 pandemic also causes a lot of inflammatory cell death. Studies show that without cell death the virus would freely live inside your cells and multiply. However, this inflammatory cell death can sometimes get out of control and contribute to the lung damage seen in COVID-19 patients, which can greatly affect survival. Researchers are still studying the role of inflammatory cell death in COVID-19 infection, and understanding this delicate balance can help improve treatments.

In good times and bad, your cells are always ready to sacrifice themselves to keep you healthy. You can thank cell death for keeping you alive.

Zoie Magri does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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New York Blood Center buys Talaris’ cell therapy facilities in CDMO expansion

The New York Blood Center (NYBC) is absorbing two of Talaris Therapeutics’ autologous and allogeneic cell and gene therapy facilities to expand its CDMO…

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October 4, 2023

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The New York Blood Center (NYBC) is absorbing two of Talaris Therapeutics’ autologous and allogeneic cell and gene therapy facilities to expand its CDMO capabilities and geological footprint in the US.

“We now have all the pieces in the continuum of manufacturing,” Chris Hillyer, CEO of NYBC Enterprises, told Endpoints News. 

The blood center has the non-profit business unit Cell Comprehensive Solutions with a clientele of pharma companies, biotechs and academic centers. CCS offers development and manufacturing of cell and gene therapies for preclinical and commercial-stage products.

On top of boosting its CDMO services, the acquisition expands the company’s reach to donors and patients, Hillyer noted. The blood center declined to detail how much the deal is worth.

The first site acquired from Talaris is in Louisville, KY, with the 20,000 square-foot facility capable of providing manufacturing capacity for Phase III trials, including cryopreservation storage, warehouse space and testing processes. The second, 6,000 square-foot facility in Houston houses analytical and process development capacity across viral vectors, mRNA and gene expression.

Jay Mohr

On Feb. 16, Talaris announced its restructuring plan to divest all its cell therapy activity, as well as discontinue two kidney transplant trials. Talaris first reduced its workforce by 33% in February, and a further 80 employees were laid off in April, which is 95% of the company’s remaining workforce.

Chief business officer Jay Mohr told Endpoints the blood center has already taken on some of Talaris’ employees following this acquisition and is looking to bring on more, but did not add further detail.

On May 11, NYBC launched a $50 million venture fund that has since made 10 investments in blood technology startups. When asked about the company’s next steps, Hillyer told Endpoints that he foresees “M&A activity, and internal and organic growth.”

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