BIOVECTRA has announced plans for the development of a state-of-the-art facility specializing in the production and manufacturing of mRNA vaccines and therapeutics – one of the first of its kind in Canada. This exciting new capability will result from a joint private-public investment made by BIOVECTRA and the federal and provincial governments who are contributing $39.8 million and $10 million respectively to the total project cost of $79.6 million in support of the BIOVECTRA mRNA Vaccine and Bio-manufacturing facility.
“BIOVECTRA is well poised to make the production of mRNA therapeutics in our country a reality. As a leading Canadian CDMO, with more than 50 years of expertise, we have a proven record of pushing the boundaries of our capabilities to meet our global customers’ challenges. This expansion is a significant yet natural evolution for us,” said Oliver Technow, CEO, BIOVECTRA.
“Vaccines save lives, and COVID-19 vaccines are helping us start getting back to normal. BIOVECTRA’s plan to establish a state-of-the-art vaccine facility here in Prince Edward Island, and upgrade their existing facilities in Nova Scotia, is a key move that supports our strategy to grow a strong, competitive domestic life sciences sector with cutting-edge bio-manufacturing capabilities. This will make sure Canada is prepared for future pandemics and other health emergencies, strengthen our economy and create good jobs here in Atlantic Canada,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
“BIOVECTRA is a true leader in bioscience, with strong relationships in the pharmaceutical industry, and we’re proud they call the East Coast home. A new state-of-the-art facility right here in Prince Edward Island means so many great things for our province. It means good jobs for Islanders, readiness for future health emergencies and an enhanced reputation for our province as a leader in bioscience research and innovation. Investing in this new facility is a step in the right direction as we move forward in strengthening our provincial economy and growing our sectors,” said the Honourable Dennis King, Premier of Prince Edward Island.
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