MONTREAL — The Quebec government says it’s looking to find a buyer for Medicago Inc., the Quebec\u002Dbased COVID\u002D19 vaccine manufacturer that will be shut down by…
Quebec Economy Minister Pierre Fitzgibbon said Friday the province has had preliminary talks with potential buyers in the pharmaceutical sector to keep Medicago’s expertise and skilled workforce in Quebec. He said both the Quebec and federal governments would be willing to put in money to secure a deal.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.
“In light of significant changes to the COVID-19 vaccine landscape since the approval of Covifenz, and after a comprehensive review of the current global demand and market environment for COVID-19 vaccines and Medicago’s challenges in transitioning to commercial-scale production, the has determined that it will not pursue the commercialization of Covifenz,” Mitsubishi Chemical said in a statement.
On Thursday, Innovation, Science and Industry Minister Francois-Philippe Champagne told reporters the federal government is in “solution mode.”
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