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Published 1 year ago

Company picked by Ottawa to produce made-in-Canada vaccines warns it may go out of business

Summary by Ground News
Maryland-based Novavax told investors yesterday on a conference call that there is significant uncertainty surrounding the company's ability to continue funding operations. In February 2021, the federal government announced a deal with the company to begin producing its vaccine at a National Research Council facility in Montreal. Another company planning the commercial manufacture of COVID-19 vaccines in Canada, Quebec-based Medicago Inc., would be shut down.

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CTV NewsCTV News

Company planning to make COVID-19 vaccine in Canada could go out of business

An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal has warned investors it could go out of business within the year.

1 year ago·Canada
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CBC NewsCBC News

Company picked by Ottawa to produce made-in-Canada vaccines warns it may go out of business

The federal Liberal government's COVID-19 vaccine manufacturing policy is facing yet another challenge after Maryland-based Novavax announced late Tuesday it may not have enough cash in a year's time to stay in business.

1 year ago·Canada
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National PostNational Post

U.S. company that made deal to produce COVID vaccine in Canada warns it could go out of business

Novavax executives told investors that there is uncertainty surrounding the company's ability to fund operations as the COVID-19 vaccine market changes

1 year ago·Canada
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Financial PostFinancial Post

Company planning to make COVID vaccine in Canada warns it could go out of business

Novavax told investors there is uncertainty surrounding the company's ability to continue operating as the vaccine market shifts. Read on.

1 year ago·Canada
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The Toronto StarThe Toronto Star

Company planning to make COVID-19 vaccine in Canada could go out of business

An American company that signed a deal with the federal government to produce COVID-19 vaccines in Montreal is warning investors it could go out of business within the year.

1 year ago·Toronto, Canada
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Business InsiderBusiness Insider

Novavax stock plunges 25% after the COVID-19 vaccine maker warns it could go out of business

Novavax shares sank after the COVID-19 vaccine maker warned it has "substantial doubt" about its ability to stay in business through next year.

1 year ago·United States
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