Feds investing $175 million in Vancouver company studying COVID 19 - News Summed Up

Feds investing $175 million in Vancouver company studying COVID 19


The federal government is investing millions to boost online access to health services and to support a Vancouver biological company's research into treatment and prevention of COVID-19. The government is spending $240 million to boost access to online health services, including mental-health support and virtual access to doctors for primary care. Ottawa is also providing $175 million to AbCellera Biologics Inc., which Trudeau says has shown promising signs of progress in identifying antibodies that could be used create a vaccine or treatment for COVID-19. In March, Ottawa announced that AbCellera was among several companies that will share $192 million under the federal government's new Strategic Innovation Fund's COVID-19 stream. Vancouver biotech firm AbCellera is looking for a COVID-19 cure.


Source: CBC News May 03, 2020 16:30 UTC



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