First of all, let me point out that back in the early days of the pandemic, Parliament passed Bill C-13, which allowed compulsory licensing for a period of time. However, that expired at the end of September 2020.
Compulsory licensing, in essence, means that the government can issue a licence to another company to make a product that is still under patent. In that way you can expand the production capability and you also perhaps can get competition in terms of price.