Business News
Photo: Nelson Bennett.
Francois-Philippe Champagne, Canadian minister of Innovation, Science and Industry, was in Vancouver Wednesday announcing $225 million in federal funding for AbCellera.
Federal and provincial officials announced $300 million in funding today for the new $700 million biotech campus built by AbCellera (Nasdaq:ABCL )in Mount Pleasant.
AbCellera has emerged as one of BC’s most successful biotech companies. The company’s prospects are worried during the COVID-19 pandemic because it makes the therapeutic antibodies used in the development of drugs used to treat COVID-19.
Its antibodies have been used to treat more than 2.5 million patients.
The company landed a…