Arcturus Therapeutics Stock Jumps On Establishment Of COVID-19 Vaccine Plant In Vietnam

  • Arcturus Therapeutics Holdings Inc ARCT has collaborated with Vinbiocare to establish a manufacturing facility in Vietnam for its investigational COVID-19 vaccines for sale and use within Vietnam.
  • Under the terms of the arrangement, Vinbiocare will, with consultation from Arcturus, build out a manufacturing facility in Vietnam. 
  • Arcturus will provide Vinbiocare access to proprietary technologies and processes to manufacture Arcturus' investigational COVID-19 vaccines. 
  • Arcturus will provide Vinbiocare with an exclusive license to manufacture the vaccines solely for distribution in Vietnam. 
  • Technology transfer is underway.
  • Vinbiocare will make an upfront payment of $40 million and be responsible for costs associated with the technology transfer. 
  • Vinbiocare will also pay for mRNA drug substances supplied by Arcturus and royalties on vaccines produced at the facility.
  • Arcturus COVID-19 vaccine candidate utilizes self-transcribing and replicating (STARR) mRNA technology and is delivered with Arcturus's lipid-mediated delivery system called LUNAR delivery system.
  • Price Action: ARCT shares are up 4.92% at $32.85 during the premarket session on the last check Monday.
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Posted In: BiotechNewsHealth CareContractsSmall CapGeneralBriefsCOVID-19 Vaccine
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