The European Innovation Council is to allocate up to €17.5 million in grant and equity finance to Osivax SAS of France to support the development of a candidate universal influenza vaccine that may also have application against the coronavirus SARS-CoV-2. Osivax was spun out of the vaccine and genomics company Imaxio in 2017 with technology for reengineering antigens in order to induce strong immune responses.