Alberta government commits $80M to develop and manufacture vaccines

Click to play video: 'Alberta to help fund vaccine development'
Alberta to help fund vaccine development
WATCH ABOVE: The Alberta government says it will invest tens of millions of dollars to help fund research, build new labs and add manufacturing capacity for vaccines. Tom Vernon has the details – Dec 1, 2021

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.

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The University of Alberta, Entos Pharmaceuticals, Applied Pharmaceutical Innovation and Northern RNA are the recipients.

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.

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Kenney says the funding will also help to diversify Alberta’s economy.

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