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Global Trade Alert

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Canada: Government provides funding to a Canadian biotechnology company through Phase II clinical trials of a therapeutic candidate against COVID-19

Description

On 16 March 2021, Canadian biotechnology company, Immune Biosolutions announced securing CAD 13.44 million (USD 10.8 million) from the government to develop and manufacture its immunotherapy to treat ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

16 Mar 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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