A Vancouver company has plans to build a manufacturing facility in the Lower Mainland that will rapidly develop vaccines and medicine and aid in the domestic fight against future pandemics. (Contributed)

A Vancouver company has plans to build a manufacturing facility in the Lower Mainland that will rapidly develop vaccines and medicine and aid in the domestic fight against future pandemics. (Contributed)

New Lower Mainland facility will be able to produce 240 million vaccine doses per year

Vancouver’s Precision NanoSystems received a $25.1-million contribution from feds Tuesday

As part of the Canadian government’s strategy to bolster domestic vaccine capacity, a Vancouver company is using its millions to build a manufacturing facility in the Lower Mainland.

Precision NanoSystems said Tuesday (Feb. 2) it received $25.1-million from the federal Strategic Innovation Fund.

As the company acknowledged the contribution, it announced the funds will be used to construct a $50.2-million bio-manufacturing centre.

A “state-of-the-art facility for the development and manufacture of genetic therapeutics and vaccines” is in the works, confirmed CEO James Taylor.

RELATED: Canada signs deal with Novavax to make its COVID-19 vaccine at new Montreal facility

The company plans to harness the same kind of genetic technology used by companies Pfizer-BioNTech and Moderna – that treat diseases at the molecular level – to produce up to 240 million vaccine doses each year.

Vaccines developed will aid in Canada’s fight against future pandemics.

“The centre will continue Canada’s leadership in the creation of innovative solutions for the development and production of new medicines for the benefit of patients in Canada and beyond,” added Taylor.

The project, a 40,000-square-foot bio-manufacturing facility, is expected to be completed in early 2023. Its exact location is still to be determined.

READ MORE: B.C. completes COVID-19 vaccination in senior care homes



sarah.grochowski@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Coronavirusfederal governmentvaccines

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A rainbow shining on Kelowna General Hospital on May 12, 2020 International Nurses Day. (Steve Wensley - Prime Light Media)
New COVID cases trending down in Interior Health

24 new cases reported Thursday, Feb. 25, death at Kelowna General Hospital

(File Photo)
Crash causes delays on Coquihalla southbound, travel advisory issued

A vehicle incident between Merrit and Hope has caused major delays heading south

A nurse performs a test on a patient at a drive-in COVID-19 clinic in Montreal, on Wednesday, October 21, 2020. (THE CANADIAN PRESS/Paul Chiasson)
30 new COVID-19 cases, five more deaths in Interior Health

This brings the total number of cases to 7,271 since testing began

FILE – A COVID-19 vaccine being prepared. (Olivia Sullivan/Sound Publishing)
B.C. seniors 80 years and older to get COVID vaccine details over next 2 weeks: Henry

Province is expanding vaccine workforce as officials ramp up age-based rollout

The future of the Cache Creek pool is still up in the air as council ponders different options and cost considerations. (Photo credit: <em>Journal</em> files)
No decision about whether Cache Creek pool will open in 2021

Council still discussing pool’s future; no date set for public meeting about its fate

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature. (B.C. government)
B.C. reports 10 additional deaths, 395 new COVID-19 cases

The majority of new coronavirus infections were in the Fraser Health region

A new survey has found that virtual visits are British Columbian’s preferred way to see the doctor amid the COVID-19 pandemic. (Unsplash)
Majority of British Columbians now prefer routine virtual doctor’s visits: study

More than 82% feel virtual health options reduce wait times, 64% think they lead to better health

Captain and Maria, a pair of big and affectionate akbash dogs, must be adopted together because they are so closely bonded. (SPCA image)
Shuswap SPCA seeks forever home for inseparable Akbash dogs

A fundraiser to help medical expenses for Captain and Maria earned over 10 times its goal

The missing camper heard a GSAR helicopter, and ran from his tree well waving his arms. File photo
Man trapped on Manning mountain did nearly everything right to survive: SAR

The winter experienced camper was overwhelmed by snow conditions

Cory Mills, Eric Blackmore and A.J. Jensen, all 20, drown in the Sooke River in February 2020. (Contributed photos)
Coroner confirms ‘puddle jumping’ in 2020 drowning deaths of 3 B.C. men

Cory Mills, Eric Blackmore and A.J. Jensen pulled into raging river driving through nearby flooding

Castlegar doctor Megan Taylor contracted COVID-19 in November. This photo was taken before the pandemic. Photo: Submitted
Kootenay doctor shares experience contracting COVID-19

Castlegar doctor shares her COVID experience

Ashley Paxman, 29, is in the ICU after being struck by a vehicle along Highway 97 Feb. 18, 2021. She remains in critical condition. (GoFundMe)
Okanagan woman in ICU with broken bones in face after being struck by car

She remains in serious condition following Feb. 18 incident

Vancouver International Women in Film Festival kicks off March 5.
Women in Film Festival features two B.C. filmmakers

The 16th annual festival kicks off March 5, 2021

The booklet roots present day activism in the history of racist policies, arguing the history must be acknowledged in order to change. (CCPA)
New resource dives into 150 years of racist policy in B.C.

Racist history must be acknowledged in order to change, authors say

Most Read