Thursday, November 26, 2020

Canadians sold vaccine-production business

ID Biomedical Corp. owns two chicken locations in Quebec where hens lay eggs producing vaccines , but it was bought by GlaxoSmithKline in 2015 for $1.7 billion.

GlaxoSmithKline is one of the world’s largest vaccine producers.

In an interview with Andre Picard of the Globe and Mail in 2014, the company said it could provide 12 million doses of influenza vaccine per year to the United States.

After it was taken over by GlaxoSmithKline, it said it could produce up to 75 million doses per year.

This week Prime Minister Justin Trudeau said Canada will have to import all of the COVID-19 vaccine it will need because there is no Canadian production capability.