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The federal government is investing $15 million in a proposed Calgary biomanufacturing plant.

Feds Invest $15M in Calgary Biomanufacturing Plant Project

The federal government is investing $15 million in a proposed Calgary biomanufacturing facility.

Ottawa is making the investment through its Strategic Innovation Fund. The money will go towards a Northern RNA proposed three-year project.

The company aims to expand its biomanufacturing capacity by “establishing a facility compliant with good manufacturing practice (GMP) to produce lipids that are a critical component for mRNA vaccines and therapies,” according to a federal government news release. The vaccines are used to prevent COVID-19 and other viruses from spreading.

The project aligns with Canada’s biomanufacturing and life sciences strategy and is part of an effort to provide the country with secure domestic sources of lipid production.

“Lipids are a critical raw material needed to produce life-saving medicines, and global manufacturing capacity is limited.,” said Brad Stevens, Northern RNA’s founder and CEO. “Northern RNA is appreciative of the government support that makes this expansion, local economic diversification and increased employment possible.”

Through the project, according to the news release, Northern RNA will maintain 50 jobs, create 150 new positions and hire students for 195 co-op terms.


Inside The Story

Northern RNABrad Stevens

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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