Sanofi Pasteur Limited will receive up to $70 million to help construct the 150,000-square-foot Bulk Biologics Facility at the Connaught Campus in Toronto. The governments of Canada and Ontario contributed the amount to help establish the $500-million vaccine-manufacturing facility. Through the Advanced Manufacturing Fund, FedDev Ontario contributed $20 million, which is a repayable contribution. For its part, the Government of Ontario is investing $50 million through the Jobs and Prosperity Fund. Considered as one of the most advanced of its kind in the world, the facility is expected to double the production of Sanofi Pasteur’s life-saving vaccines by 2023, which is the target year of operation. The initiative will also launch the Canadian-researched and -developed pertussis or whooping cough vaccine into more than 30 new global markets. An estimated 1,250 jobs will be created or maintained through this project. Sanofi Pasteur is the vaccines division of Sanofi, which invested $130 million into R&D in Canada in 2016, and whose entities employ close to 1,900 people.
Trending by Topic
Research Money News
Role Models Matter
The latest issue of Canadian Innovation News is now available for free.Read More
17th Annual R$ Conference a success!
The 17th Annual Money Conference, “Breaking Through the Status Quo: Scaling Canada’s Innovation Game”, will take place on 10-11 April 2018 at the National Arts Centre in Ottawa. Register by March 7 to save big.Read More
RE$EARCH MONEY welcomes its readers to submit articles of either 650 or 1,000 words for its popular Opinion Leader page, on topics of interest to the research and innovation community. We also welcome Letters to the Editor and other feedback. If you would like to submit an article or if your organization has news or events that it would like to appear in RE$EARCH MONEY please contact Mark Henderson, Managing Editor, for further information.
- National Research Council
- Natural Sciences and Engineering Research Council
- Canada Foundation for Innovation
- Univ of Toronto
- Univ of British Columbia
- Canadian Institutes of Health Research
- Technology Partnerships Canada
- McGill Univ
- Univ of Alberta
- Univ of Waterloo
Research Money on Twitter
- Loading tweets...