Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Canada signs first deal for manufacture of foreign COVID-19 vaccine

Tue, 02nd Feb 2021 16:49

(Adds quote, details, background)

OTTAWA, Feb 2 (Reuters) - Canada, under pressure over the
slow pace of inoculations against COVID-19, has signed its first
deal to allow a foreign vaccine to be manufactured domestically,
Prime Minister Justin Trudeau said on Tuesday.

Trudeau said the Novavax Inc vaccine - still
awaiting approval from Canadian regulators - would be produced
in a new government facility in Montreal that is due to be
finished later this year.

"This is a major step forward to get vaccines made in
Canada, for Canadians. ... We need as much domestic capacity for
vaccine production as possible," he told reporters. Canada has a
deal to buy 52 million doses of the Novavax vaccine.

Last week Novavax submitted its candidate to Canadian
regulators after the U.S.-based company announced it was 89%
effective in a British trial. Canada is also examining vaccines
from Johnson & Johnson and AstraZeneca PLC
.

Canada's inoculation campaign involves doses from Pfizer
Inc/BioNTech SE and Moderna Inc,
which have temporarily cut supplies as a result of manufacturing
problems. This angered some of Canada's main provinces, which
are calling on Trudeau to get tougher with the companies.

Canada has so far reported a total of 783,589 cases and
20,136 deaths as a second wave of the disease sweeps the
country.
(Reporting by David Ljunggren and Steve Scherer; editing by
Jonathan Oatis)

Related Shares

More News
12 Jun 2024 20:56

AstraZeneca's Farxiga approved to treat paediatric type-2 diabetes

(Alliance News) - AstraZeneca PLC on Wednesday said its Farxiga treatment has been approved in the US to treat some diabetes sufferers.

10 Jun 2024 09:10

LONDON BROKER RATINGS: JPMorgan cuts Aviva but lifts M&G

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

10 Jun 2024 08:30

TOP NEWS: Astra's Tagrisso gets US priority review for lung cancer

(Alliance News) - AstraZeneca PLC on Monday celebrated a breakthrough therapy designation for its cancer drug Tagrisso, aimed at treating a form of no...

10 Jun 2024 07:37

LONDON BRIEFING: FTSE called down amid political uncertainty in EU

(Alliance News) - Stocks in London are called to open lower on Monday, setting off the week on the backfoot, with eyes on the US Federal Reserve's lat...

10 Jun 2024 06:25

London pre-open: Stocks set for lower start after EU elections

(Sharecast News) - Stocks in London look primed for a lower start as investors digest the gains made by far right parties in Austria, Germany, but abo...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.