Federal Research Agency Gave Pharma Companies $85M in Subsidies In First Year of Pandemic

Published on April 15, 2024

Pharmaceutical companies were given over $85 million in subsidies from the National Research Council Canada (NRC) at the beginning of the COVID-19 pandemic, according to government records. The figures were provided in the government’s official response to an Inquiry of Ministry tabled by NDP MP Peter Julian. “With regard to federal investments to private sector pharmaceutical companies, how much federal funding has been provided?” Mr. Julian asked in the inquiry document tabled in the House of Commons on Feb. 6, and first obtained by Blacklock’s Reporter. The NRC responded on April 8, saying that it provided $85,836,489 to pharmaceutical companies through its Industrial Research Assistance Program (IRAP) in the 2020-2021 fiscal year, which aimed to support “near-to-market solutions that met a pandemic-related need.” The NRC is Canada’s largest federal research and development organization and is responsible for funding science and technology research....

Continue reading on website
Other news

Today Is the Last Day to Claim Part of a $100 Million Verizon Settlement

April 15, 2024
Verizon customers may be eligible to get a portion of a $100 million settlement from the firm for charging undisclosed fees.“Verizon customers claimed in a class action lawsuit that Verizon has charged its post-paid individual consumer wireless service account holders a monthly Administrative Charge and/or Administrative and Telco Recovery Charge that was unfair and not adequately disclosed,” the

Bipartisan Lawmakers Call on Speaker Johnson to Bring Up Senate-Passed Ukraine, Israel Bill

April 15, 2024
A bipartisan group of 90 members of Congress has called on House Speaker Mike Johnson (R-La.) to bring up the Senate-passed bill that would give $95 billion in assistance to Ukraine and Israel, the latter of which came under attack from Iran over the weekend.In a two-paragraph and four-sentence letter on April 15, the members cited the unprecedented strike Iran launched on the Jewish state as the