WATCH LIVE: Prime Minister Trudeau to address Canadians on COVID-19 at 11:15 a.m.

Prime Minister Justin Trudeau says the government has inked a deal that will see COVID-19 vaccines churned out on home soil.

Trudeau says the federal government has signed an agreement with Novavax to start producing immunization doses at the U.S. company’s Royalmount facility in Montreal.

The Novavax vaccine is currently under review by Health Canada. If approved it would eventually leave Canada less reliant on foreign production for the most sought-after product in the world.

Trudeau also says the government is investing $25 million in Vancouver-based Precision NanoSystems, to build a manufacturing centre. The ultimate goal is producing up to 240 million vaccine doses per year at the centre.