Grants and Contributions:

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Title:

513437

Agreement Number:

513437

Agreement Value:

$14,053,500.00

Agreement Date:

Feb 2, 2021 - Dec 31, 2030

Description:

Edesa will complete a pre-clinical study, and Phase II trials to evaluate the safety and efficacy of an antibody treatment (EB05) in hospitalized COVID-19 patients.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment will allow the company to advance their COVID-19 therapeutic candidate (EB05) through Phase II clinical trials, in hopes of advancing to Phase III. This project anticipates the creation of 6 new full-time jobs and will maintain 8 full-time jobs within Canada.

Location:

Markham, Ontario, CA L3R5+O1+O116

Reference Number:

033-2020-2021-Q4-513437

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

815678123

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (31/12/2028) to the current end date of the contract (31/12/2030). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date

Mar 31, 2026

Recipient's Operating Name:

Edesa Biotech Research, Inc.

Recipient's Legal Name:

Edesa Biotech Research, Inc.

Federal Riding Name:

University--Rosedale

Federal Riding Number:

35110

Program:

SIF Stream 1 - R&D

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

541710

Amendments:

See Amendments