Skip to Main content

22.37°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

Dec 8, 2023 8:13 PM - The Canadian Press

Feds recover $40M from defunct Quebec vaccine developer Medicago

Share On

The federal government says it has recovered $40 million from the now-defunct Quebec-based vaccine developer Medicago, and the intellectual property will remain in Canada under a new firm.

The government provided Medicago a $173-million advance in the early days of the COVID-19 pandemic to develop and produce a plant-based vaccine in Quebec City. The company's Japanese parent company, Mitsubishi Chemical Group, shut down Medicago's operations in February as global demand for vaccinations plummeted.

Though Medicago's vaccine was approved for use in Canada, it was not approved by the World Health Organization due to the company's ties with tobacco giant Philip Morris. Aramis Biotechnologies is also based in Quebec City and is led by former Medicago employees.

Latest news

B.C. Conservatives Slam Eby Cabinet Shuffle

B.C. Conservative Party Leader John Rustad and Surrey-Cloverdale MLA Eleanor Sturko have sharply criticized Premier David Eby’s latest cabinet shuffle. Rustad described the new appointments - including Josie Osborne as finance minister and Ravi Kahlon as health minister - as little more than a “musical chairs” exercise. He argued that replacing ministers will not address the province’s growing tax burden and large deficits, saying the Eby government has no concrete plan to bring spending and finances under control. Sturko, meanwhile, accused the NDP government of failing to address hom

shots-fired-at-abbotsford-home-while-family-was-sleeping

Shots Fired at Abbotsford Home While Family Was Sleeping

A shooting at a home in Abbotsford is under investigation after several bullets were fired at the residence early Sunday morning. Police say they were called around 1 a.m. on August 16 to a home in the 2100 block of Enderby Street, near McMillan Road, after receiving reports of gunfire. When officers arrived, they found that the home had been struck by multiple bullets. Family members were inside the residence and asleep at the time of the shooting. Fortunately, no one was injured. The Abbotsford Police Major Crime Unit has taken over the investigation. Based on the initial findings, police do

IndiaAug 17, 2026

BJP Announces Major Organisational Reshuffle Ahead of 2027 Punjab Assembly Polls

Ahead of the 2027 Punjab Assembly elections, the Bharatiya Janata Party (BJP) has carried out a major organisational reshuffle, handing key responsibilities to two prominent leaders associated with Punjab. Under the new appointments announced by BJP national president Nitin Nabin, former Punjab Finance Minister Manpreet Singh Badal has been appointed as the party’s National Vice-President. Meanwhile, BJP National General Secretary Tarun Chugh has been given the additional responsibility of being in charge of the party’s national headquarters. The appointments give Punjab representation at

historic-energy-deal-reached-between-quebec-and-newfoundland-and-labrador

CanadaAug 17, 2026

Historic Energy Deal Reached Between Quebec and Newfoundland and Labrador

Prime Minister Mark Carney has announced a historic energy agreement between Quebec and Newfoundland and Labrador, raising hopes that the decades-old dispute between the two provinces over the Churchill River hydroelectric projects will finally come to an end. The energy projects, worth approximately $70 billion, will also receive significant support from the federal government. Ottawa has announced $10 billion in financial assistance for the expansion of the Churchill Falls power projects, the Gull Island hydroelectric project and a 2,000-megawatt onshore wind energy project in Labrador. Prim

AlbertaAug 17, 2026

Edmonton Teen Girl Dies After Weekend Shooting

Police in Edmonton are investigating a weekend shooting that claimed the life of a 16-year-old girl. Officers were called to an area in northeast Edmonton on Sunday morning, where they found the teenager suffering from serious injuries. Paramedics pronounced her dead at the scene. The Edmonton Police Service said homicide investigators have taken over the investigation.

Related News

Historic Energy Deal Reached Between Quebec and Newfoundland and Labrador

Historic Energy Deal Reached Between Quebec and Newfoundland and Labrador

Prime Minister Mark Carney has announced a historic energy agreement between Quebec and Newfoundland and Labrador, raising hopes that the decades-old dispute between the two provinces over the Churchill River hydroelectric projects will finally come to an end. The energy projects, worth approximately $70 billion, will also receive significant support from the federal government. Ottawa has announced $10 billion in financial assistance for the expansion of the Churchill Falls power projects, the Gull Island hydroelectric project and a 2,000-megawatt onshore wind energy project in Labrador. Prim

Applications for Canadian Citizenship Certificates Surge, Driven by Thousands of Americans

Applications for Canadian Citizenship Certificates Surge, Driven by Thousands of Americans

Applications for Canadian citizenship certificates from around the world have increased sharply, with American citizens accounting for a significant share of the rise. The Bill C-3 legislation, implemented by the federal government late last year, opened a pathway to citizenship for people with Canadian ancestry, including those whose ancestors left Canada several generations ago. According to the latest figures from Immigration, Refugees and Citizenship Canada (IRCC), 6,100 citizenship certificates were issued between the implementation of Bill C-3 in mid-December and May 31. Nearly half of t

Canada’s proposed under-16 social media ban likely to face Charter challenge

Canada’s proposed under-16 social media ban likely to face Charter challenge

Experts say Canada’s proposed ban on social media access for children under 16 could face a constitutional challenge under the Canadian Charter of Rights and Freedoms. The issue has gained attention after France’s top court recently struck down a similar ban for children under 15, ruling that the measure was too broad and infringed on freedom of expression. Dalhousie University associate law professor Michael Karanicolas said a Charter challenge to Canada’s legislation is “almost inevitable.” He argued that social media has become an important platform for young people to participate

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital