Funding secured to build medicine production facility in Edmonton
EDMONTON, AB – Albertans could soon be taking more domestically-manufactured medicines.
The Canadian Critical Drug Initiative (CCDI) is led by Applied Pharmaceutical Innovation (API), in partnership with the University of Alberta’s Li Ka Shing Applied Virology Institute.
API CEO Andrew MacIsaac said they have been able to secure $106.1 million in funding from the Government of Alberta, Government of Canada, and Li Ka Shing Applied Virology to build a factory in Edmonton.
He adds that the CCDI can now move ahead with construction on a new 40,000-square-foot facility that is capable of producing 70 million doses annually.