Canada backs plant-based coronavirus vaccine

26 October 2020

Canada-based biotech firm Medicago, a subsidiary of Japan's Mitsubishi Tanabe Pharma, has reached an agreement with the Canadian government to develop its COVID-19 candidate.

Medicago will receive C$173 million ($131 million) to help develop its plant derived virus-like particle (VLP) vaccine, dubbed MT-2766.

The money will be used to establish a vaccine manufacturing facility and to expedite development of the vaccine, ensuring the supply of up to 76 million doses.

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