$500 million mRNA therapeutics facility to be built in Africa

7 October 2021

Coronavirus vaccine developer Moderna (Nasdaq: MRNA) is to build a brand new facility for the manufacture of mRNA-based therapeutics in Africa.

The company has set a goal of producing up to 500 million doses of vaccines each year at the new location, which will cost up to $500 million to establish.

Activities at the site will include drug substance manufacturing, with the opportunity for fill/finish and packaging capabilities as well.

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