Tag: biomanufacturing

Company Planning to Make COVID-19 Vaccine in Canada Could Go out of Business

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…


‘This Is Beyond My Expectations,’ Champagne Says of Canadian Biomanufacturer Rebound

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…