Moderna Plans $500 Million Vaccine Factory for Africa

Moderna announced on Thursday it plans to spend up to $500 million building a vaccine factory in Africa, capable of producing up to 500 million doses of mRNA vaccines a year – including, but not limited to, coronavirus vaccines.
“While we are still working to increase capacity in our current network to deliver vaccines for the ongoing pandemic in 2022, we believe it is important to invest in the future. We expect to manufacture our COVID-19 vaccine as well as additional products within our mRNA vaccine portfolio at this facility,” said Moderna CEO Stephane Bancel.
Moderna’s statement indicated the country and site of the factory have not been chosen yet, but the process for selecting a site would begin “soon.”
A health worker shows vials of the Moderna …

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