Medicago is proud to provide a domestic solution to respond to the pandemic, which will require support from the government at multiple levels.
We have seen other jurisdictions, such as the U.S., U.K. and Germany, investing in local companies to provide domestic capacity in their countries. The Government of Canada has kindly supported our efforts at Medicago in the development and production of COVID-19 vaccines. It will ensure availability of a Canadian-made vaccine to the population and provide much-needed domestic manufacturing capacity for vaccines, antibodies and other immunotherapies.
In addition, Canada's advance purchase order of our vaccine has allowed us to reserve supplies for Canada, and it provides the security needed for us to pivot resources from other programs and focus on COVID-19 vaccine development and production.
As we look at the critical factors involved in preparing for the pandemic, it may be useful to structure our response according to the three major axes: time, economics and competencies. Pandemic response requires long-term planning given that many years of efforts are needed. Private-public partnership provides strong synergies. While Canada needs to secure technology and domestic production capabilities, industry requires long-term sustainability to encourage significant private investment.
Competencies are also critical to ensure the domestic response, from the early research to the critical development, production and distribution. The government approach to investment should be focused on strengthening each link of this value chain with strong, long-term planning and commitment.
Last, I'd like to take this opportunity to thank the government leaders and partners who made this investment possible, the Government of Canada, specifically the Public Health Agency of Canada; Industry, Science and Economic Development Canada, Public Services and Procurement Canada, and the Government of Quebec. We are very grateful for your support and look forward to continuing to work with government partners to protect Canadians from the current COVID-19 outbreak and future public emergencies.
I'd be happy to entertain any questions. Thank you very much.