American pharmaceutical company, Moderna, has announced its plan to build a state-of-the-art mRNA facility in Africa.
Moderna plans to invest $500 million in new African facility
The company is yet to decide on which African country to site the facility.
Moderna is investing $500 million in the facility
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The biotechnology company said in a statement on Thursday, October 7, 2021 that the facility will produce up to 500 million doses of vaccines each year at the 50 µg dose level.
A $500 million investment in the facility is expected to include drug substance manufacturing, as well as the opportunity for fill/finish, and packaging capabilities.
Moderna CEO, Stephane Bancel, said the company expects to manufacture its COVID-19 vaccine and additional products with its mRNA vaccine portfolio at the facility.
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"We are determined to extend Moderna's societal impact through the investment in a state-of-the-art mRNA manufacturing facility in Africa," he said.
Moderna is yet to decide on which country to site the facility and will commence a selection process soon.
The company has also not revealed a time-frame for when the facility will be set up and become fully operational.
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