Charlottetown-based BioVectra, which manufactures pharmaceutical ingredients, has announced it will build one of Canada’s first mRNA vaccine manufacturing facilities in a project worth $76.9 million.

The federal government will pay $39.8 million of the total cost and the P.E.I. government $10 million, with the balance born by BioVectra.

The drugmaker was bought by private equity firm H.I.G.

Ashored, the Dartmouth-based maker of fishing equipment that reduces accidental harm to marine animals such as whales, will head up a $1.4 million Ocean Supercluster project to develop a “rope-on-command” system for lobster and crab traps.

Conventional traps are retrieved via ropes connected to the trap at one end, with the other end floating on the surface of the ocean. But sea-life including

Fredericton electric vehicle startup Potential Motors has grown from 14 to 19 people this year and plans to have a minimum viable product ready for testing in 2022, CEO Sam Poirier said in an interview Thursday.

Founded in 2018 by a team of engineering students from the University of New Brunswick — Michael Barnhill, Nick Dowling, Isaac Barkhouse and Poirier — Potential is developing software to

Fredericton- and Miami-based Introhive has cracked the Deloitte Technology Fast 50 awards for the third year in a row, making it the first Atlantic Canadian company to score a hat trick in the rankings of Canada’s 50 fastest-growing tech companies.

Deloitte announced Wednesday that Introhive had placed 32nd with 493 percent revenue growth over the period from 2017-2020, improving on 938 percent

Atlantic Canadian startups attracted a mere $10 million in venture capital in the third quarter, down from a whopping $135 million in the previous quarter, according to data released Tuesday by the Canadian Venture Capital and Private Equity Association.

The industry association released its quarterly data report amid a continued stream of mega-deals by startups in Western and Central Canada,

Rally, the St. John’s maker of software for law firms, has bagged a $500,000 loan from the Atlantic Canada Opportunities Agency as it looks to hire seven new staff and ultimately reach 24 employees by 2023.

Rally sells software to help lawyers share documents among themselves and with their clients, as well as communicate with clients about their cases.

CEO Scott Stevenson said in an interview

The third annual Atlantic Tech Summit will be held on Wednesday, with the theme of “Building a Stronger Atlantic Tech Ecosystem”.

The day-long virtual event features a range of keynotes and panel discussions that showcase the progress the region has made in developing the IT ecosystem, and the challenges it still faces. The speakers include industry leaders from across Canada, including several

Shares of Appili Therapeutics shed more than half their value on Friday after the Halifax drug discovery company released disappointing trial results for a drug candidate intended to treat COVID-19.

The company released a statement before the market opened on Friday saying the Phase 3 clinical trial evaluating Favipiravir as a treatment for mild-to-moderate COVID-19 “did not achieve statistical

When Welkom-U co-founder and COO Michael Olamide Ojolo landed in Fredericton as an international student, he travelled straight from the airport to his first class at the University of New Brunswick, arriving with his luggage in tow.

The reason for his suitcase-laden entrance was partly his lack of familiarity with Canada. He had not yet arranged accommodations and needed to find a place to

My grandfather, artillery officer H.P. MacKeen, shown on the left, wrote this poem in Ypres in September 1917, two months before the Battle of Passchendaele.

 

The White Cross

It isn’t a medal or order,

It carries no ribbon or braid

But a token still

As on Calvary Hill

Of the greater sacrifice made.

 

It stands as a lonely sentinel

O’er the place where the hero sleeps

‘Neath a lowly