An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business within the year.told investors on a conference call Tuesday that there is significant uncertainty surrounding the company’s ability to continue funding operations as the market for COVID-19 vaccines changes.
The company, which has more than $1.3-billion in cash in hand, is counting on its ability to develop and sell an updated COVID-19 vaccine next fall and is cutting costs, Kelly told investors. However, on an NRC website last updated in December, the federal science and technology agency said it is still working on the “technology transfer” required to produce the vaccine.“Novavax continues to make progress towards establishing local manufacturing capabilities in partnership with NRC/, with manufacturing of process performance qualification batches expected to begin in early 2023,” the company said.
“We’re continuing to explore options with potential collaborators on producing vaccines and other biologics at the facility on its second production line,” Christine Jodoin, the vice-president of strategic initiatives at the NRC, wrote in an e-mail.
Because nobody needs or wants what your selling! Recovery rate from Covid 99.8% without ANY VACCINES!!!! Keep your shit!
Hope so. Ridiculous that the government went all in like we were going to be in a pandemic for a decade
Goodbye poison jab.
Unless they produce something else ..who cares? They distribute death and poison
Good!
Oh, too bad!
Typical Trudeau government mismanagement.
Good! Sooner the better
No one should take anymore of that poison.
How much tax money did Trudeau throw at this company again?
Karma
Good
I would say that the government will create the demand for their product through coercion, control and restrictions. Given Canadians' complacency and lack of critical thinking, this company has nothing to worry about in the future.
arla108533291 Good!! Enough with the clot shots already.
It's a bad business strategy to make products for a market that doesn't exist anymore. That's like someone making VHS tapes in 2023. Sure there's probably a few people that still want them, but the majority has moved on a long time ago.
“So far, we have invested $1.8-billion towards 33 projects across the country and we continue to invest in the researchers, talent and innovation that will keep strengthening the Canadian life sciences ecosystem.” We’re from government and we’re here to help.
Oh no!
They’d be best if they produced VHS cassettes
So…
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