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Vaccine-maker's Ottawa R&D efforts get boost thanks to millions in fresh funding

VBI Vaccines will immediately have access to up to $50 million (all terms U.S.) in cash, consisting of $30 million in refinanced funding as well as $20 million in new financing. ....

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Vaccine-maker's Ottawa R&D efforts get boost thanks to millions in fresh funding

Vaccine-maker's Ottawa R&D efforts get boost thanks to millions in fresh funding
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Biotech firm with major Ottawa footprint taps into US$12M in new financing

A vaccine-maker with a major Ottawa presence that is working on a locally developed COVID-19 jab as well as vaccines that target diseases such as cancer and hepatitis B is tapping into millions of dollars in new financing.
Massachusetts-based VBI Vaccines says it’s drawing a US$12-million tranche from a previously announced debt financing facility with K2 HealthVentures, a specialty finance company focused on the health-care sector.
The firm has agreed to provide VBI with up to US$52 million to help the company conduct its research.
VBI employs about 35 people in Ottawa, where it operates an R&D facility on Hunt Club Road. The company is partnering with the National Research Council to create its coronavirus vaccine, which is being manufactured by Mississauga-based Resilience Biotechnologies, and earlier this year it received a multimillion-dollar funding boost to work on a new version that will target more transmissible variants of the virus. ....

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Where did Canada's vaccine effort actually go wrong?

Justin Ling: An investigation into Canada's vaccine plan shows that while mistakes were made, key criticisms around cost, deals and domestic production miss the mark ....

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Canada missed chance to help homegrown vaccines move quickly last spring: developers | iNFOnews

Canada missed chance to help homegrown vaccines move quickly last spring: developers | iNFOnews
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