Moderna Outlines Plans For mRNA Vaccine Manufacturing Plant In Canada

  • Moderna Inc MRNA has signed a memorandum of understanding, a non-legally binding agreement with the Canadian government to build a state-of-the-art messenger RNA (mRNA) vaccine manufacturing facility.
  • While the details are not disclosed, the idea is to eventually use the site to supply Canada with direct access to rapid pandemic response capabilities, including the Company's two-dose COVID-19 vaccine. 
  • Other than the COVID-19 jab, Moderna could also use the new facility to provide Canadians with a portfolio of vaccines against other respiratory diseases, such as seasonal influenza and respiratory syncytial virus.
  • Moderna's outstanding 2021 orders for the COVID-19 vaccine are now worth about $20 billion. It has promised to deliver 44 million doses of its pandemic jab to Canada.
  • Price Action: MRNA shares are down 2.53% at $472.22 during the market session on the last check Tuesday.
  • Photo by Daniel Schludi on Unsplash
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