Algernon Pharmaceuticals Inc (AGNPF)

[medchem]

BREAKING: Health Canada -> 1.1 billion for drug research

Health Canada announces funding

This is perfect timing as our trial awaits Health Canada approval!

$115 million more for research into vaccines and treatments;
$662 million for research projects on how brain and airway cells are affected, as well as for clinical trials, including one trial that will “evaluate safety of a potential cell therapy to reduce the impacts and severity of acute respiratory distress associated with COVID-19”; and
$350 million for national testing, modelling, data-monitoring and tracking of COVID-19 in Canada.

This expands upon:

n an initial COVID-19 aid announcement made mid-March, the federal government earmarked $275 million for research by 47 teams across the country. This came in addition to ongoing increases to lab testing capacity and Canada-wide health surveillance.