Canada signs vaccine deal with Novavax

Canada signs vaccine deal with Novavax

Canada confirmed a signed deal between itself and the US vaccine manufacturing firm Novavax. The  US-based firm is expected to manufacture millions of Covid-19 vaccines at a production facility to be built in Montreal.

Canadian prime minister Justin Trudeau said in a statement that the deal is one of several currently ongoing and that the deals are part of Canada's plan to increase its access to vaccine production for decades to come.

Canada to purchase 52million doses from Novovax 

Canada has agreed to purchase 52 million doses from Novavax if and when the vaccine is approved for use by the Canadian health board. 

During a news conference in Ottawa, Trudeau said Canada is going to focus on manufacturing its own vaccines. Domestic production will protect Canada from future pandemics and will be added to its current partnerships and deals with foreign companies.

The vaccine approval from the Canadian health board is not expected anytime soon. Domestic production is also scheduled to start latest in the fall. The delay has left  Canada with a substantial deficit of vaccines. 

Canada experiencing a shortage of vaccines for its citizens 

Pfizer-BioNTech and Moderna- the only vaccines currently authorized for use in Canada- have significantly restricted deliveries to Canada due to a combination of manufacturing hiccups and demands from Europe.

According to public health data released by the Canadian federal government, just 2% of Canada's population have gotten inoculated against COVID-19 once. 

Provinces in Canada responsible for vaccine distribution are reportedly discouraged, as mass vaccination sites are ready without the needed vaccine doses. 

Retired general Rick Hillier, the leader of Ontario's vaccine task force said the provinces can immunize several thousand people each per day with the possibility of increasing the number. He described the mood at the vaccine centers as "discouraged" and "unsettled".

On the same subject

The Influence Of Judo In Shaping Global Sportsmanship
The Influence Of Judo In Shaping Global Sportsmanship
Discover how the art of judo has left a lasting imprint on the world of sportsmanship, transcending its origins to become a symbol of respect, discipline, and international unity. Delve into the unique philosophy and practices that have allowed judo to shape the moral framework of athletes and...
Key Filings Every Investor Should Check Before Investing
Key Filings Every Investor Should Check Before Investing
Before committing funds to any company, investors must dive deeper than surface-level metrics. Exploring the correct regulatory filings allows for a thorough understanding of a business’s health, strategy, and risks. The following sections outline the essential documents that every prudent...
Exploring The Impact Of Leadership In Modern Real Estate Ventures
Exploring The Impact Of Leadership In Modern Real Estate Ventures
Step into the dynamic landscape of modern real estate, where the influence of leadership has never been more apparent. In today’s ever-evolving market, effective guidance is shaping not only company strategies but also the overall success of ventures large and small. Discover how visionary...