‘Female Viagra’ mega factory project canceled

Announced with great fanfare in 2017, the mega project to build an industrial cemetery complex in L’Ancine-Lorette has been abandoned. A big global player in the field of new technologies however can buy land to settle there.

This is what we learned last night during the first extraordinary municipal council in the year 2021 in L’Ancienne-Lorette.

“On January 5th, we learned that it was endoscopy [propriétaire de l’immense terrain situé à l’arrière de l’avenue Jules-Verne et du Canadian Tire] There is an offer to buy from a third party and she is ready to accept, “said Gautam Pejou, the new mayor.

According to him, “This is a very promising project for L’Ancine-Lorette, which we have put a lot of effort into.”

Opportunity

However, the new situation could be “possible”, he believes. “Land buyers are the top five high-tech companies in the world. In addition, the potential buyer’s investment is much higher than Endosotics’ plan,” he said.

Despite our perseverance, Mr. Page was reluctant to reveal the identity of the buyer. He suggested that transactions could be made during City Council, in the coming weeks or months.

The 2017 sale agreement gives the city the first purchase right on the land. Yesterday evening, the city council unanimously decided not to take advantage of this opportunity to give ample space for ongoing negotiations between endosutics and the mysterious buyer.

Female Viagra

At L’Ancion-Lorette, endosutics would have to invest between $ 50 million and $ 80 million during the four-phase production, also known as “female viagra”, to produce a portion of the intraosa. But the sudden death of the company founder (Dr. Fernand Labrie) in January 2019, and the context of an epidemic compels the company to concentrate production at its plant in Mont-Saint-Hilir, Monterogy.

The land area of ​​Endosotics in Lorraine is 115,000 square meters. In the final valuation roll, the land and building built on it were valued at 10 million million. Had the Pharmaceutical Complex project materialized, the company would have had an annual tax bill of approximately $ 2.5 million, the largest in L’Ansein-Loret.

Last night, Endosotics did not call back Newspaper.