Connect with us

Hi, what are you looking for?


Australian state seeks to build onshore mRNA vaccine site

Stock Markets22 minutes ago (Apr 20, 2021 11:50PM ET)

(C) Reuters. FILE PHOTO: The Pfizer COVID-19 vaccine is prepared by a healthcare worker in Melbourne

SYDNEY (Reuters) – Australia’s Victoria state on Wednesday unveiled plans to develop an onshore messenger-RNA (mRNA) vaccine manufacturing facility and launched three mass coronavirus immunisation centres to speed up the national inoculation programme.

Victoria would spend A$50 million ($39 million) initially to set up the mRNA facility in the state, which authorities said could become the first such centre in the southern hemisphere. The mRNA technology is used in COVID-19 vaccines developed by Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA).

Australia’s immunisation drive was thrown into disarray earlier this month after the government restricted the use of AstraZeneca (NASDAQ:AZN)’s COVID-19 vaccine, which uses a different technology and is the mainstay of the country’s inoculation drive, due to rare bloodclotting cases.

“It is vital that we can develop and manufacture mRNA vaccines and treatments locally to ensure we have vaccine security here in Australia and across our region,” Victoria Acting Premier James Merlino said in a statement.

Several countries are trying to procure more COVID-19 vaccines from Pfizer and Moderna Inc, that use the mRNA technology, as no major side effects have been identified so far among vaccine recipients.

Reports of possible links between vaccines from AstraZeneca and Johnson & Johnson (NYSE:JNJ) and rare blood clotting issues have sidelined those shots.

Australia currently produces AstraZeneca’s coronavirus vaccines in the country but earlier this month restricted its rollout to people above 50 years.

Merlino said he is liaising with the federal government on the plan and estimated the cost to build the plant could be in “the hundreds of millions of dollars”. It could take at least a year for the vaccines to be made in the country, he said.

Victoria, meanwhile, set up three mass immunisation centres in the state on Wednesday to administer AstraZeneca vaccines for anyone above 70 years.

Though Australia has fared much better than many other developed countries during the pandemic, with around 29,500 cases and 910 deaths, only about 1.70 million total doses have been administered so far, far short of the 4 million pledged by end-March.

($1 = 1.2945 Australian dollars)

Australian state seeks to build onshore mRNA vaccine site

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.


Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.


Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.


Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved