The Alberta government says it will provide up to $81.2 million to four groups developing and manufacturing vaccines in the province.
Premier Jason Kenney says the money will address a need for vaccines that fight viruses such as COVID-19 and also support the broader pharmaceutical and life sciences sector.
The University of Alberta, Entos Pharmaceuticals, Applied Pharmaceutical Innovation and Northern RNA are the recipients.
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Kenney says more than half of the money will go to the U of A’s Li Ka Shing Institute of Virology.
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He notes a portion of the provincial grants will be contingent on the groups securing financial support from the federal government.
Kenney says the funding will also help to diversify Alberta’s economy.
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