Feds pour $1.1B into COVID-19 vaccine development, tracking of cases
OTTAWA — The federal government will spend more than $1 billion to help develop, test and manufacture a COVID-19 vaccine, as well as to determine how widely the virus has spread through Canada, Prime Minister Justin Trudeau says.
The cash announced Thursday is on top of $275 million in research funding the Liberals announced in March at the outset of the pandemic.
Most of the new money is aimed at funding vaccine development and clinical trials, including $600 million over two years through a federal innovation fund that the government says could help the country’s biomanufacturing sector.
Smaller amounts will go to tracking and identifying strains of the virus and the different health impacts it has had on different patients.