Company planning to make COVID-19 vaccine in Canada could go out of business

Executives at Maryland-based Novavax told investors yesterday on a conference call that there is significant uncertainty surrounding the company's ability to continue funding operations as the market for COVID-19 vaccines changes.

In February 2021, the federal government announced a deal with the company to begin producing its vaccine at a National Research Council facility in Montreal. The NRC said on a website last updated in December that it is still working on the "technology transfer" required to produce the vaccine. Novavax Chief Financial Officer Jim Kelly told investors that the company, which lost more than $600 million last year, doesn't expect to sell any new vaccine during the first three months of 2023 and there are fears that funding from the United States government could be cut.

Mitsubishi Chemical announced early last month that another company planning the commercial manufacture of COVID-19 vaccines in Canada, Quebec-based Medicago Inc., would be shut down.

mkmecrzy Good!! Don’t need the damn crap!

Trudeau government should have put our money on the Saskatchewan company. Instead they did what they always do, help their liberal friends and throw our money into the garbage when nothing happens and the liberal friend keeps all the money TrudeauCorruption

Ohhh so sad …. Not

mkmecrzy Good go out of business we dont want your Bio-wepon.

More great News 👏🏻👏🏻🥂👍🏼🥂

Good. We dont need a vaccine for that.

Where is FP_Champagne ?

Well yea, nobody wants that garbage

Vaccines caused many to lose their business. What goes around comes around.

No one wants your kill shots anymore!!!!

Hard to sell when there is only a small fringe minority getting them now

Wow how many millions are we losing this time.

Good. How many innocent Canadians were forced to go out of business due to the governments incompetence and evil power trips?

They drained federal funds. Shocker. Good riddance.

Clearly, didn’t have that “Business Case” Trudeau mentioned to the Chancellor of Germany and PM of Japan regarding Canada’s LNG.

Shock

There already is sufficient supply of this poison and the demand is at an all time low. Good riddance.

Pfizer and astrazeneca Outrageous settlements ..public knowledge. Stop the madness before it begins.

Coukd maybe the lack of a Covid 19 virus be their true reason for downfall? Just make up a new super hero type name for it and I'm sure funding will roll in. Clowns.

Didn't Justin Trudeau give them millions of dollars lol

It's their own fault for believing the government's lies that there is nationwide demand for the injection.

GOOD.

lmao good

Good bye 👋

No shit

Another bonfire of Canadian taxpayer $$ in Quebec.

Did we invest in this?

And that’s a good thing. Healthy living over unnatural injection$.

I am sure they can regroup to other vaccines, this is Novavax. But as usual CP24 had to dramatize everything

It is about time.....

Keep your Satan juice

Good

Good

scamdemic We've all been lied to for 3 years.

Ah Canada, always be failing

More taxpayer money pissed away in Quebec, The Separate Nation by that little incompetent slick mouthy Champagne.

First manufacturer another product which we dependable on US and Maxico

byeeee

hysterical

Gig is over boys

Excellent news!!!!

Not enough covid .

This company is not like the other mRNA, Times Square-advertising pharmaceutical companies. This is Novavax, the one that took their time to produce vaccine for COVID, the usual way but at the end was delayed, and delayed, and so here we are.

The narrative is changing. CP lies needs new material.

👏

These vaccines are so successful..how can that be?

And how much did Trudy give them?

Good!!

Hell YEAH

Good it’s not needed.

No. More. Federal. Funding

Bye

Good

The government will provide a $ 3 B grant to convert to the climate change agenda .

Good put them all out of business

good, get that poison out of here, killed more than it saved.

worst news ever

Non-Canadian company in a government funded (probably no bid contract), of course they are going to need more money.....

Thats bad news . l wanted to die of cardiac arrest .

No kidding?

That’s what you get for making a deal with the devil

thank the lord jesus

Thats funny

Best news you guys have reported on in years

👌

No shit. 😂

😂😂😂😂😂😂🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼👏🏼👏🏼👏🏼👏🏼

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian-founded company develops first AI-designed COVID-19 drug, starts clinical trialsFor the first time ever, a drug for COVID-19 designed with artificial intelligence is headed to clinical trials. Insilico Medicine, a Hong Kong-based AI pharmaceutical company, announced last Thursday its ISM3312 therapeutic would be starting clinical trials in China after its preclinical studies found that the drug 'significantly reduces' viral load and inflammation in the lungs. Do they know it's not 2021? Because that’s a good idea… Now make everyone stick it in their arm. That would be just fantastic.
Source: CTVNews - 🏆 1. / 99 Read more »

Save the date: Arts Club Theatre Company announces 60th anniversary seasonThe Arts Club Theatre Company announces the 2023/2024 season
Source: VancouverSun - 🏆 49. / 61 Read more »

Charitable status revoked for 12 B.C. charities linked to single Vancouver companyRetired lawyer challenges CRA claim that several foundations were not created or operated primarily for legitimate charitable work. Tip of the iceberg. We are grateful to our subscribers for their support of local journalism. If you are interested in subscribing, click here to find out how to get digital access to both The Vancouver Sun and 16 other Canadian media sites including the National Post: These types of actions happen all the time. For protecting any business transaction, or owner from public scrutiny, what they will do is file a beneficial ownership at the lawyers office to hide the true owners identity.
Source: VancouverSun - 🏆 49. / 61 Read more »

Florida Gov. Ron DeSantis takes over Disney district, punishing companyDeSantis furthers his reputation as a culture warrior willing to battle perceived political enemies and wield the power of state government to accomplish political goals This will cost Florida taxpayers money. Lots of money.z Haha..culture wars are gonna cost tax payers of Florida money 😂😂 Democrats create jobs & infrastructure while republicans fight with Mickey Mouse n’ friends is all you need to know.
Source: globeandmail - 🏆 5. / 92 Read more »