- Moderna Inc MRNA plans to invest about $500 million to build a factory in Africa to make up to 500 million doses of mRNA vaccines at 50 µg dose level each year.
- Moderna's proposed site will also include bottling and packaging capabilities. The Company said it would begin the process of deciding the country and location soon.
- "We expect to manufacture our COVID-19 vaccine as well as additional products within our mRNA vaccine portfolio at this facility," CEO Stephane Bancel said in a statement.
- Related: Sweden, Denmark Pause Use Of Moderna COVID-19 Shot In Younger Individuals: What You Need To Know.
- Price Action: MRNA stock is down 1.43% at $298.09 during the premarket session on the last check Thursday.
- Photo by torstensimon from Pixabay
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