"It's an investment in pandemic preparedness... an investment in these critical technologies that are really the technologies of the future." - James Taylor, CEO, Precision Nanosystems, Inc.
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Plus 8 other headlines from the last 24 hours.
The financing was led by Temasek and includes strategic investors Chart Industries, Carbon Direct and Export Development Canada (EDC).
The contribution will support a CAD $50.2-million project to establish a biomanufacturing centre in Vancouver.
"What happens when the industry with the greatest potential for innovation doesn’t reflect the world it’s innovating for?"
Funding will be used to accelerate the company's expansion across Canada and into the U.S.
$7.3 million invested by industry and other partners and $1.4 million of co-investment through Canada's Digital Technology Supercluster