ARTICLE
15 February 2021

Government Of Canada Contributes $25.1 Million To Precision NanoSystems To Build RNA Medicine Biomanufacturing Centre

GW
Gowling WLG

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
On February 2, 2021, Precision NanoSystems, Inc. ("PNI") announced that it had received a contribution of $25.1 million through the Government of Canada's Strategic Innovation Fund (SIF).
Canada Food, Drugs, Healthcare, Life Sciences

On February 2, 2021, Precision NanoSystems, Inc. ("PNI") announced that it had received a contribution of $25.1 million through the Government of Canada's Strategic Innovation Fund (SIF). 

This contribution will support a $50.2 million project to establish a biomanufacturing centre in Vancouver dedicated to the production of ribonucleic acid lipid nanoparticle vaccines and genetic medicines. The centre will support the Government of Canada's national biomanufacturing strategy to expand production capacity of critical medicines for the prevention and treatment of diseases such as COVID-19.

PNI is a global leader in ushering in the next wave of genetic medicines in infectious diseases, cancer and rare diseases. PNI offers proprietary technology platforms and comprehensive expertise to enable researchers to translate disease biology insights into non-viral genetic medicines.

Paul Armitage of Gowling WLG advised PNI with respect to the negotiation of this contribution agreement with the Government of Canada.

Government of Canada contributes $25.1 million to Precision NanoSystems to build biomanufacturing centre.

Read the original article on GowlingWLG.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More