Saturday, December 4, 2021
ADVT 
National

To boost biotech, fund best bets: Moderna founder

Darpan News Desk The Canadian Press, 28 Oct, 2021 09:48 AM
  • To boost biotech, fund best bets: Moderna founder

OTTAWA - The Canadian co-founder of biotech firm Moderna says any federal plans to kick-start domestic innovation in a big way should focus funds rather than spreading it around the country.

Derrick Rossi says Canadian politicians have a track record of trying to be equitable with their funding pledges to hit every region of the country.

There is a political calculation behind that, he suggests, but setting the country up for long-run growth — especially in biotech — will require putting money behind the best bets and regions for growth of new firms.

The Liberals promised during the campaign to put federal dollars into "moon shot" ideas that may not always work out, modelling it on a decades-old program in the United States.

Rossi says the success of the government's proposals rests on putting granting decisions into the hands of an apolitical body that has some independence from the mandate of the party in power.

Rossi took part in a virtual talk today at a conference organized by the Coalition for a Better Future, a group of 100 think tanks, business, non-profit and Indigenous associations.

 

MORE National ARTICLES

Pope's visit 'deeply meaningful': First Nation

Pope's visit 'deeply meaningful': First Nation

The First Nation also urges the church to "demonstrate acts of contrition" and fulfil promises to disclose residential school documents and raise funds for survivors and their families.

Pope's visit 'deeply meaningful': First Nation

Premier's office fostered toxic workplace: lawsuit

Premier's office fostered toxic workplace: lawsuit

A former senior political staffer in the Alberta government alleges in a lawsuit that the premier’s office fostered a “poisoned work environment” and repeatedly failed to address her complaint of sexual harassment about another employee.

Premier's office fostered toxic workplace: lawsuit

North Korean refugees will be screened: Canada

North Korean refugees will be screened: Canada

The Immigration Department says it will also check that refugees fleeing Kim Jong Un's authoritarian regime do not have a criminal background. Under the new program, Canadian citizens will for the first time be able to privately sponsor North Koreans so they can settle in Canada.

North Korean refugees will be screened: Canada

609 COVID19 cases for Wednesday

609 COVID19 cases for Wednesday

There are currently 4,748 active cases of COVID-19 in the province, and 196,342 people who tested positive have recovered. Of the active cases, 422 individuals are currently in hospital and 157 are in intensive care. 

609 COVID19 cases for Wednesday

B.C. introduces new health service for kids, youth

B.C. introduces new health service for kids, youth

Mitzi Dean, B.C.'s minister of children and family development, says the province's current system is a patchwork of programs where many children and youth must wait for a diagnosis before receiving supports.

 

 

B.C. introduces new health service for kids, youth

West Fraser earns US$460M as sales nearly double

West Fraser earns US$460M as sales nearly double

The Vancouver-based lumber, oriented strand board and paper manufacturer says it earned US$460 million or US$4.20 per diluted share for the three months ended Sept. 30.

West Fraser earns US$460M as sales nearly double

PrevNext