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

Whalley Chiefs general manager Paul Hargreaves in the stands at the club's diamond at Whalley Athletic Park. (Photo: Tom Zillich)
Surrey baseball clubs prep for spring games as COVID threatens another season

‘I’m really excited about this year, because we have the troops in place,’ Whalley Chiefs GM says

TEASER - SAGAís Gift Shop Manager Barbie Warwick wearing The Summons while sketching in Facing Time exhibit. Photo by Pardeep Singh.jpg
‘The Summons’ face masks created as fundraiser for Surrey Art Gallery Association

Image of magnolia flower and poetry printed on specially designed mask

An officer collects forensic evidence from a police SUV following the July 18, 2015 incident that ended in the police-shooting death of Hudson Brooks in South Surrey. (File photo)
Experts discuss toxicology, use-of-force at inquest into fatal 2015 police shooting in South Surrey

Proceedings could lead to recommendations for preventing similar deaths

Delta police have arrested a suspect in the theft of a custom-made wheelchair hoist stolen from a Ladner condo complex’s underground parkade on Dec. 15, 2020. (Debbie J Green/Facebook photos)
Delta police arrest suspect in theft of custom wheelchair hoist

The device was stolen Dec. 15, 2020 in Ladner and later recovered, stripped and damaged, in Surrey

This map illustrates the number of active COVID-19 cases in Greater Vancouver from Feb. 21 to Feb. 27, 2021. (BC Centre for Disease Control image)
Delta’s COVID-19 numbers continue to climb

Total number of cases in Fraser Health increased by 206 from Feb. 21-27

Health Minister Adrian Dix looks on as Dr. Bonnie Henry pauses for a moment as she gives her daily media briefing regarding COVID-19 for British Columbia in Victoria, B.C. THE CANADIAN PRESS/Jonathan Hayward
7 additional deaths and 542 new COVID-19 cases in B.C.

Provincial health officials reported 18 new COVID-19 cases linked to variants of concern

Grand Forks’ Gary Smith stands in front of his Church of the Flying Spaghetti Monster float. Photo: Submitted
Grand Forks’ Flying Spaghetti Monster leader still boiling over driver’s licence photo

Gary Smith, head of the Church of the Flying Spaghetti Monster of B.C., said he has since spoken to lawyers

RCMP members responded to calls of a man-down at Landsdowne mall in Richmond Wednesday afternoon. The 40-year-old was suffering from stab wounds. (Phil McLachlan/Capital News)
Man in critical condition following afternoon attack outside Richmond mall: RCMP

The Vancouver resident was found lying injured outside Richmond’s Lansdowne Centre

A Cowichan Valley mom is wondering why masks haven’t been mandated for elementary schools. (Metro Creative photo)
B.C. mom frustrated by lack of mask mandate for elementary students

“Do we want to wait until we end up like Fraser Health?”

(Pxhere)
B.C. research reveals how pandemic has changed attitudes towards sex, health services

CDC survey shows that 35 per cent of people were worried about being judged

A bus rider uses a support bar with an anti-microbial copper coating, newly implemented as part of a TransLink pilot program. (TransLink)
‘Self-disinfecting’ copper coming to more of TransLink’s fleet to fight against COVID-19

The transit authority says tests showed the surface was 99.9% effective in killing pathogens

RCMP were on scene under the Menzies Street bridge in Chilliwack on Thursday, March 4, 2021 where a body was found. (Jenna Hauck/ Chilliwack Progress)
UPDATE: Body found under Menzies bridge in Chilliwack that of man in 20s

Death not considered suspicious, said Chilliwack RCMP

Some Canadians are finding butter harder than usual, resulting in an avalanche of social media controversy around #buttergate. (Brett Williams/The Observer)
#Buttergate: Concerns around hard butter hit small B.C. towns and beyond

Canadians find their butter was getting harder, blame palm oil in part one of this series

Jobs Minister Ravi Kahlon speaks in the B.C. legislature, describing work underway to make a small business and tourism aid package less restrictive, Dec. 10, 2020. (Hansard TV)
B.C. extends deadline for tourism, small business COVID-19 grants

Business owners expect months more of lost revenues

Most Read