BR100 Increased By (0.48%)
BR30 Increased By (0.68%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.22%)
BECO 6.15 Increased By ▲ 0.38 (6.59%)
BML 52.80 Decreased By ▼ -0.20 (-0.38%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.12 Decreased By ▼ -0.08 (-0.66%)
FCCL 53.30 Increased By ▲ 0.47 (0.89%)
FCSC 5.17 Increased By ▲ 0.10 (1.97%)
FFL 18.01 Increased By ▲ 0.06 (0.33%)
FNEL 1.31 Increased By ▲ 0.02 (1.55%)
HUMNL 10.88 No Change ▼ 0.00 (0%)
KEL 8.12 Increased By ▲ 0.10 (1.25%)
KOSM 5.30 Decreased By ▼ -0.22 (-3.99%)
MLCF 87.05 Increased By ▲ 0.54 (0.62%)
NBP 186.40 Increased By ▲ 1.24 (0.67%)
PACE 10.60 Increased By ▲ 0.02 (0.19%)
PAEL 39.72 Increased By ▲ 0.30 (0.76%)
PIAHCLA 26.12 Decreased By ▼ -0.10 (-0.38%)
PIBTL 16.92 Increased By ▲ 0.25 (1.5%)
PPL 228.50 Increased By ▲ 0.32 (0.14%)
PRL 34.89 Increased By ▲ 0.21 (0.61%)
PTC 66.68 Increased By ▲ 1.35 (2.07%)
SEARL 90.69 Increased By ▲ 0.56 (0.62%)
SSGC 26.80 Increased By ▲ 0.20 (0.75%)
TELE 8.55 Increased By ▲ 0.27 (3.26%)
THCCL 58.52 Increased By ▲ 0.02 (0.03%)
TPLP 8.65 Increased By ▲ 0.43 (5.23%)
TREET 24.54 Increased By ▲ 0.01 (0.04%)
TRG 69.55 Decreased By ▼ -0.16 (-0.23%)
WAVES 9.96 Increased By ▲ 0.02 (0.2%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
By

SYDNEY: Covid-19 vaccine maker Moderna announced Monday that it will open an mRNA vaccine manufacturing facility in the Australian city of Melbourne, a first for the southern hemisphere.

The project will be based at one of Australia’s largest universities, Monash, and will produce 100 million vaccine doses a year for Covid-19, influenza and other diseases.

Moderna’s Spikevax was one of a new class of inoculations developed during the coronavirus pandemic that uses a cutting-edge technology called messenger RNA (mRNA).

These vaccines can be quickly developed and use a molecule to teach the body to identify and fight a pathogen, such as Covid-19, unlike traditional jabs, which contain a small piece of bacteria or virus.

Construction on the mRNA manufacturing facility is set to begin this year and be complete in 2024 – with vaccines production starting soon after.

Australia’s Prime Minister Anthony Albanese said Monday that it was a “show of faith” in Australia by vaccine giant Moderna.

For Australia, the facility is not only about health or science, he said, but “also about national security” after the country experienced serious vaccine shortages during the pandemic.

Melbourne, where the Moderna facility will be based, faced one of the world’s longest lockdowns as authorities tried to contain the virus.

Albanese said a lesson from the pandemic was that “we need to make more things here. We can’t continue to assume that it’s okay to be at the end of global supply chains”.

BioNTech expects Omicron-adapted vaccine deliveries as soon as October

“In this part of the world, in the fastest-growing region in the world in human history, we have an opportunity to project that capacity into the Indo-Pacific as well,” he said.

In recent months, Covid-19 cases have spiked in Australia after restrictions were loosened.

The virus became the country’s third-most common cause of death in 2022.

Comments

Comments are closed for this article.