Government paid $323 million for vaccine factory that never produced anything
By Isaac Lamoureux
Canadian taxpayers were on the hook for $323 million that went towards a Quebec vaccine facility that was never built and never produced a single vaccine.
The startling revelation came from a House of Commons health committee meeting Monday regarding Medicago, a now defunct company in Quebec City that received $323 million in federal subsidies – double the amount initially reported.
Despite the money, its vaccine never made it to market.
As reported by Blacklock’s Reporter, a factory executive chose not to disclose the details of the contracts.
Medicago CEO Toshifumi Tada refrained from divulging contract details.
Despite having two agreements with the Canadian government, Medicago failed to deliver any Covid vaccines under an Advance Purchase Agreement, costing taxpayers $150 million.
“We didn’t deliver anything,” Tada admitted in his testimony.
The company also secured around $173 million in research subsidies through Innovation Canada’s Strategic Innovation Fund, but Tada was unable to provide specifics, citing confidentiality constraints.