44th Parl. 1st Sess.

February 27, 2024 10:00AM

Context: House Hansard - 286 - Feb/27/24

Feb/27/24 11:29:28 a.m.
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Mr. Speaker, when the pandemic started, we might recall that, in terms of vaccine procurement, the federal government put all its eggs in one basket. It reached an agreement with the Chinese government, but the agreement fell through. We were left in the lurch, with no access to vaccines. Then the Government of Canada decided to diversify its potential pool of vaccine producers, including Medicago, but not without some risk. Some producers, not just Medicago, failed to deliver vaccines for various reasons and, unfortunately, the Government of Canada lost its deposit payment. Following a decision by Mitsubishi Tanabe Pharma, Medicago no longer exists. A decision was made. Yes, we lost money, but it could have easily turned out in our favour. There was a race to be the first to manufacture vaccines and get access to the market.

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House Hansard - 286