EIB plans 175 million euros investment in Biovac
The European Investment Bank (EIB) is planning to support large-scale investment by South Africa’s specialist vaccine manufacturer Biovac.
Agreed in cooperation with the European Union (EU), this investment will increase development and manufacturing of vaccines and enable a quicker response to future pandemics.
EIB’s first support for vaccine investment in South Africa is expected to increase annual production capacity at Biovac’s Cape Town plant to 500 million doses, enable manufacturing of viral and bacterial targeted vaccines and strengthen resilience to future pandemics in Africa.
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