Prime Minister Justin Trudeau updated Canadians this morning on the development of a COVID-19 vaccine.
Trudeau says the federal government is investing $214 million toward developing and securing made-in-Canada vaccines.
Up to $173 million of this funding will be given to Quebec-based Medicago to advance their vaccine candidate and build a production facility in Quebec City. The prime minister confirmed that the feds have secured 76 million doses of the vaccine once it is available.
Precision Nanosystems - Vancouver -based $18.2 million will go to Vancouver-based Precision Nanosystems for development and testing of their vaccine, and the final piece, $23 million, will go to the Industrial Research Assistance Program for earlier stage vaccine candidates.
Additionally, Trudeau confirmed that rapid tests have arrived in Canada and are currently being dispersed to the provinces and territories.
Prime Minister Justin Trudeau is slated to speak to media at 11:30 a.m. today in regards to the ongoing COVID-19 pandemic.
Trudeau will be joined by President of the Treasury Board Jean-Yves Duclos, President of the Queen’s Privy Council for Canada and Minister of Intergovernmental Affairs Dominic LeBlanc, Minister of Public Services and Procurement Anita Anand, Chief Public Health Officer of Canada Dr. Theresa Tam, and Deputy Chief Public Health Officer of Canada Dr. Howard Njoo for today's announcement.
Village Media will carry the livestream, so stay tuned.