An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business within the year. Executives at Maryland-based Novavax told investors on a conference call Tuesday that there is significant uncertainty surrounding the company’s ability to continue funding operations as the…
Company Planning to Make COVID-19 Vaccine in Canada Could Go out of Business
‘This Is Beyond My Expectations,’ Champagne Says of Canadian Biomanufacturer Rebound
December 7, 2021
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OTTAWA—Innovation Minister Francois-Philippe Champagne says Canada’s biomanufacturing sector has rebounded beyond his initial expectations in the last several months, as a Canadian drug maker stands poised to bring positive results from the first plant-based COVID-19 vaccine to Health Canada. At the outset of the pandemic, Canada’s lack of biomanufacturing capability came into sharp focus, and…
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