Canada’s major investment in flu vaccine facility prepares for next pandemic

Global News published this video item, entitled “Canada’s major investment in flu vaccine facility prepares for next pandemic” – below is their description.

The Canadian government is making moves to strengthen Canada’s vaccine manufacturing capacity — but it won’t happen anytime soon.

The $415 million in federal funding, announced Wednesday, will go towards helping Sanofi build a new vaccine production facility in Toronto, which would eventually have the tools to produce vaccines on a global scale as it strengthen the country’s pandemic preparedness.

Sanofi, which already has a manufacturing location in North York, Ont., will also receive $55 million from the Ontario government. The company itself will provide more than $455 million to create and maintain 1,225 jobs, and invest at least $79 million a year to fund Canadian research and development.

Influenza vaccines will be the main product produced at the new Toronto facility. It’s not expected to be completed until 2027, the project is being touted as an important addition to Canada’s future pandemic preparedness.

Travis Dhanraj explains when the expansion will be completed and what it means for Canadians.

For more info, please go to https://globalnews.ca/news/7730511/canada-vaccine-sanofi-facility-ontario/

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About This Source - Global News

Global News is the news and current affairs division of the Canadian Global Television Network, based in Vancouver, Canada.

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Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

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As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

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