The federal government says it’s spending $214 million to support “made in Canada” coronavirus vaccine research.
Prime Minister Justin Trudeau announced Friday that $173 million would go to Quebec-based Medicago, while Vancouver’s Precision NanoSystems would receive $18.2 million for development and testing.
“This is about securing potential vaccines for Canadians while supporting good jobs in research,” he told reporters at a press conference in Ottawa.
The deal with Medicago includes up to 76 million doses of its vaccine candidate, as well as funds to set up a production facility in Quebec City.
A further $23 million will go toward the National Research Council of Canada Industrial Research Assistance Program.
Trudeau’s announcement came after Canada posted a record increase in new COVID-19 cases on Thursday, with nearly 2,800 people newly diagnosed with the illness.
“We have to get these numbers down,” Trudeau said. “This is serious and everybody must do their part.”
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