Canada has agreed to buy more than 100 million Covid-19 vaccines from Novavax Inc. and Johnson & Johnson, Prime Minister Justin Trudeau said Monday.
The global race to find a Covid-19 vaccine is moving rapidly, with a handful already in phase 3 (the final, most time-consuming and hard stage), and just last week the Government pledged hundreds of millions of dollars on securing a Covid-19 vaccine for New Zealand.
Novavax Inc said on Monday it had reached an agreement in principle with the Canadian government to supply up to 76 million doses of its experimental coronavirus vaccine, sending the company's shares up almost 7%. Earlier this month Ottawa signed similar deals with Pfizer and Moderna.
"Almost €16 billion have been pledged so far and the most talented researchers and organisations are pooling their efforts to deliver vaccines, tests and treatments, which will be our universal common good", she added.
"It's wonderful to see that the federal government is looking at vaccine candidates, looking at which ones could be successful".
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And, the government will continue to negotiate and sign other agreements with "a number of leading pharmaceutical companies", to ensure the supply of potential vaccines in Canada.
The Ministry confirmed an immunisation strategy is in the works to prepare for "if and when" a safe and effective vaccine hits the market - including ramping up vaccinator training.
NVX-CoV2373 is now in Phase 2 testing in countries including the U.S., Australia and South Africa. He also said that there had been "no side effects" in the vaccine's first phase trial.
About 40,000 volunteers are in a phase 3 trial of the vaccine, state media reported.
"In the weeks and months ahead, our government will continue to take the steps needed to make sure Canada gets a COVID-19 vaccine as soon as possible".