Vancouver’s Precision Nanosystems has received a commitment of up to $18.2 million in support from the Government of Canada under the Innovation, Science and Economic Development’s (ISED) Strategic Innovation Fund (SIF) to develop a COVID-19 vaccine.
Bringing together its proprietary technology platforms, key partnerships and unparalleled expertise in nanomedicines, Precision Nanosystems (PNI) will use the investment to advance a best-in-class COVID-19 mRNA vaccine candidate to clinical trials.
PNI provides over 250 industry and academic partners with solutions for the development of vaccines, gene therapies, and cell therapies, in the areas of infectious diseases, oncology and rare diseases.
With this investment from the Government of Canada, PNI’s Chief Scientific Officer, Dr. Andrew Geall, and his team will use their state-of-the-art technology platforms and expertise in self-amplifying mRNA vectors, lipid-based drug delivery systems and nanomedicine manufacturing to develop a cost-effective COVID-19 vaccine.
As part of Canada’s efforts to combat COVID-19, the Strategic Innovation Fund is working diligently to support projects led by the private sector for COVID-19 related vaccine and therapy clinical trials to advance Canada’s medical countermeasures in the fight against COVID-19.
“An effective vaccine will be critical as we work to contain the COVID-19 virus and prevent future infections. Today’s contribution will support PNI to advance the development of a mRNA vaccine candidate through pre-clinical studies and clinical trials to help protect Canadians,” stated the Honourable Navdeep Bains, Minister of Innovation, Science and Industry.