91.5FM
91.5HD2
8.85 c91.5 FM
91.5 HD2
Governments investing in new vaccine-manufacturing plant inToronto
BY , Mar 31, 2021 3:35 PM - REPORT AN ERROR
Minister of Foreign Affairs Francois-Philippe Champagne speaks to reporters in Addis Ababa, Ethiopia on Sunday, Feb. 9, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The governments of Canada and Ontario say they will help fund construction of a new influenza vaccine manufacturing facility in Toronto.
Innovation Minister Francois-Philippe Champagne says the federal government will spend $415 million in the partnership with Sanofi Pasteur Ltd.
Champagne says the pandemic has taught all countries that they need to have domestic vaccine manufacturing capacity.
Ontario Premier Doug Ford says his government will contribute $55 million to the project.
Sanofi will provide more than $455 million as well as create and maintain 1,225 jobs in Canada.
The company will also invest at least $79 million a year to fund Canadian research and development.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
