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Variation Biotechnologies Inc. (VBI), also known as VBI Vaccines Inc., is a biopharmaceutical company, headquartered in Cambridge, Massachusetts, with research facilities in Ottawa, Ontario, Canada, and a research and manufacturing site in Rehovot, Israel. Its Ottawa facility has approximately thirty researchers working with National Research Council of Canada (NRC) to produce a COVID-19 vaccine—VBI-2902.[1][2] In August VBI received CA$56 million from the Government of Canada to prepare its vaccine for clinical trials by the end of 2020.[1] The company's CEO, Jeff Baxter, said that VBI-2902 is cheaper to produce than other vaccines.[citation needed]
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