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Canada to invest up to C$214 mn for R&D of home grown COVID-19 vaccines: Trudeau

expresspharmaOctober 26, 2020

Tag: COVID-19 vaccine , Precision NanoSystems Incorporated , Canada

Canada will invest up to C$214 million ($162.8 million) to help develop a domestically made COVID-19 vaccine, and it has secured up to 76 million doses of Quebec City-based Medicago’s potential vaccine, Prime Minister Justin Trudeau said on Friday.

The government will also invest up to C$18.2 million in Vancouver-based biotechnology company Precision NanoSystems Incorporated (PNI) to support a project for pre-clinical and clinical trials for a vaccine.

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