VBI Vaccines Expands Collaboration With Canadian Government; Says Under The New Agreement, The Remaining C$28M Of Funding Available Under The Previously Committed C$56M Will Be Directed Toward The Development Of VBI's MLE Platform
Portfolio Pulse from Benzinga Newsdesk
VBI Vaccines has expanded its collaboration with the Canadian government, directing the remaining C$28M of the initially committed C$56M towards the development of its MLE Platform.
April 02, 2024 | 12:09 pm
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VBI Vaccines' expanded collaboration with the Canadian government, directing additional funding towards its MLE Platform, could accelerate development and bring positive attention to the company.
The additional C$28M in funding towards VBI Vaccines' MLE Platform signifies a strong vote of confidence from the Canadian government. This financial support could accelerate the platform's development, potentially leading to breakthroughs in vaccine technology. The news is likely to be viewed positively by investors, as it not only demonstrates the company's continued partnership with the government but also ensures financial backing for its innovative projects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100