David Allan is the recipient of the 2017 Julia Levy Award recognizing successful commercialization of innovation in the field of Bio-medical Science and Engineering, the 2016 Leadership Award from Life Sciences Ontario and the 2012 Gold Leaf Award for Industry Leadership from Canada's industry association BIOTECanada.
In December 2022, David Allan was listed in the Top 25 Healthcare Technology Leaders of Toronto for 2022, being recognized as one of the leaders at the forefront of the city's rapidly growing healthcare technology industry.
Appointed to the Board of Directors of eQcell Inc (2021), the Advisory Boards of FSD Pharma (2022), eQcell (2021), Inteligex, Inc. (2020), and Haygain Ltd (2019). He was, most recently, the founding chairman of Forbius, acquired by Bristol Myers Squibb in 2020; Executive Chairman of Stem Cell Therapeutics Inc, (Trillium Therapeutics) purchased by Pfizer in 2021; and the founding and sunset Chairman, and CEO from 1998 to 2011, of YM BioSciences Inc. until its acquisition by Gilead Sciences in 2013.
Previously a Governor of the Toronto Stock Exchange, he has been a member of the Ontario Biotechnology Advisory Board, the Awards Selection Committee of Canada's Network of Centers of Excellence and the Multidisciplinary Assessment Committee of the Canada Foundation for Innovation.