canada covid-19 vaccine

Canada is investing $192 million into developing a vaccine for COVID-19

Prime Minister Justin Trudeau will invest an additional $192 million in COVID-19 vaccine development and production in Canada.

On Monday, Trudeau announced the investment during his morning press conference outside Rideau Cottage in Ottawa, where he remains in isolation with his family.

"Anti-viral treatments are things that we absolutely must do," Trudeau said, adding that vaccines "ensure that fewer and fewer people end up in the emergency department."

The government previously invested $275 million into vaccine research and development on March 11.

Trudeau revealed that some of the funding will be given to Vancouver-based biotech company AbCellera, a company that has the technology to search blood samples of recovered patients and find naturally-produced antibodies that can be used for treatment.

Some funding will also be allocated to Medicago, a Quebec City-based company that has already identified a viable plant-based vaccine candidate currently at the pre-clinical testing phase.

The University of Saskatchewan's research team, which is already testing a COVID-19 vaccine on animal models, will also receive some of the $192 million fund.

Trudeau added that $15 million will also be given to the National Research Council of Canada in Montreal for mass vaccine production "once there are promising options."

"We have to remember that vaccines won't be ready overnight," Trudeau added, warning Canadians that vaccines can take "months to develop and test."

Fortunately, a Canadian research team has already managed to isolate copies of the novel coronavirus — a crucial step in vaccine development that indicates a COVID-19 vaccine may be ready for clinical trials sooner than we expect.

Lead photo by

Justin Trudeau

Join the conversation Load comments

Latest in News

Health Canada approved a COVID-19 testing device that delivers results in 90 minutes

Canadian maple syrup heist drama continues as top court prepares to hear case

Controversial new ads in Vancouver promote small or child-free families

Air Canada is giving free Crave subscriptions to passengers who take a COVID test

This holiday tradition is cancelled for the first time in 21 years due to COVID-19

Over 400 Quebec schools impacted with COVID-19 cases as alert levels rise in parts of the province

Calgary police asking people to come forward after racist bus rant goes viral

Canada ranked most accepting country in the world for migrants