The government agency responsible for fostering scientific excellence nearly bankrupted a Canadian company pioneering a breakthrough inexpensive pneumonia vaccine for children because the business was behind on its rent. PnuVax, a Montreal biotech company, is the single largest Canadian recipient of funding from the Gates Foundation, arguably the world’s most prestigious charity. Gerson had already secured grant funding from the Gates Foundation after meeting the Microsoft founder personally in 2013. Though it had already received Gates Foundation funding, the grant money was required to be used for research. But in the period between the meeting with Stewart and receipt of the Gates grant, the company was driven to the brink of insolvency.

Source: National Post November 28, 2017 22:07 UTC