This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Moderna to Build Vaccine Plant in Africa
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > Moderna to Build Vaccine Plant in Africa
Business

Moderna to Build Vaccine Plant in Africa

Editorial Board Published October 7, 2021
Share
Moderna to Build Vaccine Plant in Africa
SHARE

Moderna Inc. MRNA -8.94% plans to spend up to $500 million to build a new manufacturing plant in Africa to supply doses of its Covid-19 vaccine and potential additional vaccines to a continent that has grappled with a shortage.

Contents
Newsletter Sign-upCoronavirus Briefing and Health WeeklyCovid-19 Vaccines

The Cambridge, Mass., drug company said Thursday it will build a state-of-the-art facility that could produce up to 500 million doses annually of vaccines, using its gene-based technology, known as messenger RNA.

Moderna’s only current product is its Covid-19 vaccine, but the company is developing other vaccines against Zika, influenza, cytomegalovirus and other pathogens that could be made at the plant and meet demand in Africa.

The initial vaccine doses from this new Africa plant wouldn’t factor into the current pandemic emergency. Completing construction on the plant and validating it will probably take two to four years, CEO Stephane Bancel said in an interview.

Moderna and other Covid-19 vaccine makers have faced criticism for not doing more to make doses available to lower-income countries, including those in Africa, where vaccination rates are low.


Newsletter Sign-up

Coronavirus Briefing and Health Weekly

Get a morning briefing about the coronavirus pandemic three times a week and a weekly Health newsletter when the crisis abates.


Most of Moderna’s near-term supply is committed to wealthier countries, including the U.S., Japan and European nations.

Some advocacy groups, including Public Citizen, have called on Moderna and U.S. officials to share the company’s Covid-19 vaccine technology with other countries so they can manufacture doses for their populations.

Mr. Bancel said there have been inequalities in global access to Covid-19 vaccines, and “we want to be able to make sure that this does not happen again.”

Moderna currently manufactures its Covid-19 vaccine at its Norwood, Mass., plant, which helps supply the U.S. as does a contractor’s plant in New Hampshire. The contractor, Lonza Group, also makes the vaccine at a plant in Switzerland to supply countries outside the U.S.

Moderna expects to make up to one billion doses of its Covid-19 vaccine for global use this year and then potentially triple output to three billion next year.

Among African nations, Moderna has a contract to supply Covid-19 vaccine doses to Botswana. In addition, the U.S. government has included Moderna’s in vaccine donations to other countries, including Nigeria.

Recent studies have shown that the effectiveness of Covid-19 vaccines is decreasing, though experts say the shots still work well. WSJ explains what the numbers mean and why they don’t tell the full story. Photo illustration: Jacob Reynolds/WSJ

Separately, Moderna has agreed to supply up to 500 million doses of its vaccine to an international program, Covax, which is distributing vaccine doses to lower-income countries, including those in Africa.

Some 34 million of those Moderna doses are slated to be delivered to Covax by the end of this year, with the rest coming in 2022.

Moderna hasn’t selected the African country to build the plant. Mr. Bancel said the company has a shortlist of about five, which he didn’t identify. Moderna is evaluating countries based on their political stability, quality of workforce and access to materials needed for manufacturing, he said.

The company’s plan to build a factory in Africa is part of a broader push to expand its in-house capacity globally. In August, the company said it plans to build a plant in Canada, under a deal with the Canadian government, to make mRNA vaccines.

Mr. Bancel said the company wants to build plants in Europe, Australia and Asia as well, and he envisions the company eventually having five to 10 plants globally.

Covid-19 Vaccines

Write to Peter Loftus at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Business NewsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Democrats Weigh GOP Offer for Short-Term Debt-Limit Extension Democrats Weigh GOP Offer for Short-Term Debt-Limit Extension
Next Article Dolly Parton, businesses raise 0K for flood victims Dolly Parton, businesses raise $700K for flood victims

Editor's Pick

Breakthrough study reveals first large-scale subsurface energy resources discovery in the Dominican Republic

Breakthrough study reveals first large-scale subsurface energy resources discovery in the Dominican Republic

The island of Dominican Republic has achieved a major scientific and economic milestone with the identification of what experts describe…

By Editorial Board 3 Min Read
New York and New Jersey lose tons of of billions in resident revenue as People flee to low-tax states
New York and New Jersey lose tons of of billions in resident revenue as People flee to low-tax states

New York state lawmaker and Meeting Methods and Means Committee Rating Member…

4 Min Read
Zendaya Refusing to Promote ‘Euphoria’ with Sydney Sweeney?
Zendaya Refusing to Promote ‘Euphoria’ with Sydney Sweeney?

Studying Time: 4 minutes Is Zendaya refusing to do Euphoria press with…

7 Min Read

Oponion

Fed Officials Offer Clues on Rate Outlook in First Appearances Since Policy Meeting

Fed Officials Offer Clues on Rate Outlook in First Appearances Since Policy Meeting

In their first public comments since the Federal Reserve monetary…

December 17, 2021

Quickly everybody within the authorities will work for ICE

Time for one more entry within…

October 11, 2025

10 Sexiest Males’s Colognes For 2025 | Fashion

We independently consider all really useful…

May 11, 2025

EV Battery Maker’s Sales Pitch to the West: We’re Not Chinese

SEOUL—South Korea’s LG Energy Solution Ltd.…

January 26, 2022

Joe Rogan Gets $100 Million Offer From Rumble Video Website

The offer, made public in a…

February 7, 2022

You Might Also Like

Building Dreams, Not Excuses: The Fabian QC Mindset
BusinessTrending

Building Dreams, Not Excuses: The Fabian QC Mindset

Fabian Niklas Ciobanu didn’t inherit wealth — he built it. Born in Moldova and raised in Italy, he grew up…

1 Min Read
The Brand Doctor: Applying diagnostic analysis, structural correction, and strategic recalibration to brand performance.
BusinessTrending

The Brand Doctor: Applying diagnostic analysis, structural correction, and strategic recalibration to brand performance.

In a market where most companies confuse visibility with value, Dr. Victoria Garcia operates at a different level. Her work…

6 Min Read
FundRelis Restora Brings Accountability to the Wild West of Online Scams
BusinessTrending

FundRelis Restora Brings Accountability to the Wild West of Online Scams

Zurich, Switzerland — In a financial era defined by digital innovation and unregulated trading, a quiet revolution is taking shape inside…

5 Min Read
Russia for Business: Experts Who Help Drive Decisions
BusinessTrending

Russia for Business: Experts Who Help Drive Decisions

Amid sanctions and the restructuring of global supply chains, understanding the logic behind Russia’s actions has become a practical necessity…

4 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?