Medicago Shut Down: COVID-19 Vaccine Competition Among Reasons

$364m Impairment Loss For Mitsubishi

10 Feb 2023

While the close-down schedule for the Canadian vaccine technology specialist is still unclear, all ongoing R&D projects at the firm will be terminated, Japanese parent group tells Scrip.

Medicago had been facing several challenges with its COVID-19 vaccine COVIFENZ — Medicago faced multiple challenges for lead vaccine Covifenz • Source: Shutterstock

Canadian biopharmaceutical firm Medicago Inc. is to cease all operations and lay off its entire workforce of close to 600, although the detailed schedule for the shut-down is still undecided.

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