Quebec COVID-19 vaccine manufacturer Medicago to cease operations
Medicago's parent company has announced that the Quebec City-based biopharmaceutical company, which developed a vaccine against COVID-19, will cease operations.
In a Thursday statement, the Japanese group Mitsubishi Chemical Corporation said it decided to stop commercializing the Covifenz vaccine, licensed by Health Canada in February 2022 for adults aged 18 to 64.
"Since [the approval in Canada], the company had been preparing for the transition to commercial production," the group said. "However, in light of the significant changes in the COVID-19 vaccine landscape since the authorization of Covifenz and following a comprehensive analysis of current global demand, the economic environment with respect to COVID-19 vaccines, and the challenges Medicago faces in transitioning to commercial production, the group has decided not to pursue commercialization."
Mitsubishi Chemical also deemed it "not viable" to continue to invest in the commercialization of Medicago's development products.
"[The group] has therefore chosen to terminate all of its business with Medicago and conduct an orderly dissolution of its commercial business and operations," it says.
Last May, the World Health Organization (WHO) rejected the Quebec biopharmaceutical's COVID-19 vaccine, which uses plants in its manufacturing process.
The reason for the rejection was the presence of tobacco company Philip Morris as a minority shareholder in the company, a decision linked to a policy of the UN agency adopted in 2005.
This report by The Canadian Press was first published in French by The Canadian Press on Jan. 2, 2023.
CTVNews.ca Top Stories
Upgrading Safe Third Country Agreement about reassuring Canadians: PM Trudeau
Prime Minister Justin Trudeau says he feels it is his role to see the Safe Third Country Agreement upgraded, in order to make sure Canadians can continue to have confidence in Canada's immigration system.

Foreign mothers of Canadian children seek escape from ISIS detention camp
A group of lawyers is racing against the clock to get Canadian children and their foreign-born mothers onto a plane that will soon be dispatched to repatriate detainees from prison camps in northeast Syria.
Parks Canada says new reservation system working well as bookings open in busy Banff
Parks Canada says its new online reservation system to book camping sites and other activities at national parks appears to have worked well during its first week of operations.
Han Dong resigns from Liberal caucus amid foreign interference allegations
Han Dong has announced he will be sitting as an independent MP after being the subject of foreign interference allegations.
Budget 2023 to detail crackdown on 'junk fees' for consumers: federal source
A federal source says the coming budget will detail how the Liberals plan to go after hidden or unexpected consumer fees, following the United States announcing its own crackdown on these charges.
Former prime minister Stephen Harper says Canada needs a 'Conservative renaissance'
Canada needs a 'Conservative renaissance,' former prime minister Stephen Harper said Wednesday, but he cautioned that Pierre Poilievre should wait until an election before telling Canadians how he might run the country.
Canada broke a population growth record in 2022: StatCan
Canada's population grew by more than one million over the course of one calendar year, breaking previous records, a new Statistics Canada report says.
Police find 2 more bodies at site of Old Montreal fire; first victim identified
The death toll from last week's massive fire in Old Montreal has risen to four, Montreal police confirmed. Julien Levesque, a police spokesperson, said Wednesday evening that two more bodies were retrieved from the historic building that went up in flames last Thursday.
900,000 fewer surgeries were performed over the pandemic in Canada: report
Three years after the start of the pandemic, surgical backlogs and wait times are only just starting to improve, according to new data from the Canadian Institute for Health Information, with patients still waiting significantly longer for surgeries than they did before the pandemic.