OTTAWA, O.N. – Prime Minister Justin Trudeau has announced more than $1 billion in support of a national medical research strategy to fight COVID-19.
According to Trudeau, the funding will go towards vaccine development, the production of treatments, and tracking of the virus.
Trudeau says this new funding builds on the $275 million investment for coronavirus research and medical countermeasures announced in March.
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Separately, the Government of Canada says it is providing over $675,000 through the Stem Cell Network to support two new research projects and one clinical trial.
The clinical trial will evaluate the safety of a potential cell therapy to reduce the impacts and severity of acute respiratory distress associated with COVID-19.
More information can be found on the Prime Minister’s website.