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. 😂
😂😂😂😂😂😂🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼👏🏼👏🏼👏🏼👏🏼
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