Feds confirm $150 million loss from 'unfulfilled' COVID jab deal with Medicago

https://www.rebelnews.com/feds_confirm_150_million_loss_from_unfulfilled_covid_jab_deal_with_medicago

The feds signed advance purchase agreements with seven vaccine manufacturers before their jabs received approval from Health Canada. They have refused to disclose the amounts paid for the COVID jabs.

Taxpayers lost a whopping $150 million to a failed COVID-19 jab manufacturer, confirmed the federal government.

Health Canada spokesperson Chris Aoun told the National Post Friday the government signed an "unfulfilled contract" with Québec-based Medicago at the onset of the COVID pandemic.

The feds sent the company a non-refundable advance payment of $150 million to reserve 76 million doses for consumption.

Medicago also received $173 million to fund COVID jab research and development, including expansion efforts at its manufacturing facility in Québec City.

"To secure early access to safe and effective vaccines for everyone eligible to be vaccinated in the county, the Government of Canada set up advance purchase agreements with several manufacturers," said Aoun, one of seven the government signed with vaccine manufacturers.