Thursday, 25 February, 2021


Canada reaches deal with Novavax to secure millions of COVID-19 vaccines

Credit CBSNews Credit CBSNews
Patty Aguilar | 03 September, 2020, 02:09

This would leave the country vulnerable to imported cases of the virus and impact the USA economy harshly if the global economy has not recovered.

"We are pleased to work with the Canadian government on supply of our COVID-19 vaccine, an essential step to ensure broad access of our vaccine candidate", said Novavax CEO Stanley C. Erck.

In early August, the federal government signed deals with pharmaceutical giant Pfizer and USA -based biotech firm Moderna to secure millions of doses of their experimental COVID-19 vaccines.

The prime minister confirmed on Monday that the government has signed a deal with two companies who are working on a potential vaccine for COVID-19.

"That's why the government of Canada has moved forward on signing agreements with a broad range of vaccine developers of researchers around the world, so that, regardless of who ends up developing the vaccine first, Canadians will have the opportunity to benefit from that vaccine". It looks like investors are continuing to take some profits after shares rallied 2,539% this year in the run-up to developing a coronavirus vaccine candidate.

It is also openly saying that it would donate to poorer countries surplus vaccines that it acquires through its scheme, in what seems to replicate COVAX's core function.

The Covid-19 Vaccines Global Access Facility, or Covax, is created to ensure all countries have equal opportunity to access appropriate, safe and effective vaccines, China's Foreign Ministry spokeswoman Hua Chunying said at a briefing Wednesday in Beijing.

The deal with Johnson & Johnson would include up to 38 million doses of Ad26.COV2.S, which has shown promise in patients in early trials who are given one dose.

"The vaccination did not affect them in any way", he added.

In a release, Trudeau said the federal government is casting as wide a net as possible to secure a potential vaccine, and will continue to negotiate and secure other agreements with major pharmaceutical companies. Various vaccines use different technologies to try to train human immune systems to detect and fight off the novel coronavirus that causes COVID-19.

The company has begun enrolling volunteers for the second phase of an ongoing clinical trial of its COVID-19 vaccine candidate, with interim data expected in the fourth quarter of 2020. Last Thursday, the Minister reported that deliveries of the first doses of the vaccine to medical institutions for post-registration trials had already started.

Through a public-private partnership, the new building will enable the National Research Council of Canada (NRC) to increase vaccine manufacturing to up to two million doses per month by 2021.

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