9.83°C Vancouver

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

six-charged-after-800k-in-stolen-vehicles-recovered-in-gta-carjacking-probe
BCMar 23, 2026

Six charged after $800K in stolen vehicles recovered in GTA carjacking probe

Police say eight high-end vehicles worth an estimated $800,000 have been recovered following an investigation into a series of violent carjackings across the Greater Toronto Area. According to a release from the Toronto Police Service’s Central Robbery Bureau, officers began investigating after multiple reports of armed carjackings between Jan. 18 and Feb. 1. Investigators allege the suspects targeted luxury vehicles, primarily Mercedes-Benz models, during the incidents. Police said the investigation, dubbed Project Stratis, found the accused were allegedly involved not only in carrying out
police-investigate-early-morning-shooting-at-cloverdale-business
BCMar 23, 2026

Police investigate early-morning shooting at Cloverdale business

Police in Surrey are investigating an early-morning shooting that damaged a commercial property in the Cloverdale area, with no injuries reported. According to a Surrey Police Service news release, officers with the RCMP Surrey Provincial Operations Support Unit responded at about 3:35 a.m. to reports of gunfire in the 5400 block of Production Boulevard. Attending officers found a business that had sustained damage. No one was hurt in the incident, police said. The RCMP SPOSU General Investigation Unit has taken over the file. Investigators say the case remains in its early stages and evidence
alberta-premier-expresses-condolences-after-air-canada-express-crash-in-new-york
AlbertaMar 23, 2026

Alberta premier expresses condolences after Air Canada Express crash in New York

Danielle Smith says she is extending condolences to the families of those killed following a crash involving an Air Canada Express flight in New York City. In a statement, Smith said she shares sympathies with the families of the victims and wished a speedy recovery to those injured in the incident. According to Air Canada, the aircraft was carrying 72 passengers and four crew members at the time of the crash, which occurred late Sunday after arriving in New York. The airline said both the pilot and co-pilot were killed. Both were identified as Canadian. U.S. authorities said 41 people were tr
federal-audit-flags-gaps-in-international-student-program-oversight-thousands-of-cases-uninvestigated
CanadaMar 23, 2026

Federal audit flags gaps in international student program oversight, thousands of cases uninvestigated

Canada’s auditor general says there are significant weaknesses in how the federal government monitors compliance within the international student program, raising concerns about oversight and enforcement. In a report released Monday, Auditor General Karen Hogan found that roughly 150,000 cases in 2023 and 2024 were flagged for potential non-compliance with study permit conditions, according to the audit of Immigration, Refugees and Citizenship Canada. Despite the volume of flagged cases, the report says only about 4,000 investigations were initiated. Of those, approximately 1,600 were deemed
b-c-lifts-all-flood-advisories-as-river-levels-recede-after-heavy-rainfall
BCMar 23, 2026

B.C. lifts all flood advisories as river levels recede after heavy rainfall

All flood advisories across southern British Columbia have been lifted following several days of heavy rainfall linked to an atmospheric river system, according to the B.C. River Forecast Centre. In an update issued Sunday, the centre said there are no active flood advisories remaining, and water levels are continuing to recede after widespread rain and snowmelt. The agency noted that while some larger and lake-fed river systems remain elevated, flows are expected to ease through the week. The centre added that forecast precipitation midweek could lead to minor and temporary increases in small

Related News