Quantcast

Canada to invest up to C$214 million for research into domestic-made vaccines: PM Trudeau

Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa

OTTAWA (Reuters) – 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.

($1 = 1.3142 Canadian dollars)

(Reporting by Steve Scherer and David Ljunggren; Editing by Chizu Nomiyama)

More from our Sister Sites