Canadian firm sees positive signs in COVID-19 vaccine trial, says courted to move production out of country

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A Canadian drugmaker has posted promising Phase 1 trial results for its own COVID-19 vaccine, but is threatening to move its future trials and production out of the country if it doesn’t receive further support from the federal government.

On Wednesday, Calgary-based Providence Therapeutics released results from its Phase 1 trials of 60 participants aged 18-64 that show “strong virus neutralization capability” with no serious side-effects reported, according to a news release.Participants in the Phase 1 trial were given either a placebo or Providence’s vaccine in one of three dose sizes.

“We’ve shown on every measurable scale we are equal -- or appear to be superior -- to either one of those vaccines at the same stage during their development,” Sorensen said. Providence is committed to conducting its Phase 2 trials in Canada, but Sorensen said dealing with the federal government has been trying so far, to the point where he is now considering moving future trials outside the country, and to shifting production of the vaccines elsewhere as well.

“At the end of the day, if Canada has no inclination to purchase vaccines that are made in Canada, which they’ve so far given no indication that they're prepared to do that, then why would we spend the resources to seek approval in Canada?” he said.

 

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This is why we rely on others. PT has been begging Trudeau for funding for over a year, similar to what moderna and Pfizer got. They expected to have millions of doses by now, but we ignored them. We can’t have domestic capacity if we ignore them. Another JT covid failure.

medicagoinc and VBIVaccines are in phase 3 and 2. The Canadian vaccines with true promise. This ceo is really whiny.

Even this has to be moved out of the country. 🤦🏻

End medical patents.

Jeez that CEO needs to face the reality that other vaccines have already been approved and in use worldwide for several months while his is in phase 1 and has been tried on 60 people, SIXTY! And not even peer reviewed!..

Why, are we not fixing the borders!? fordnation referred to it being a leaky roof! I Say, at this point, we’re only bailing the water out of the basement, hoping the rain stops! We are watching the weather network, tell us that there is another storm on the way! FixTheLeak

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