Moderna Finalizes 10-Year Agreement With UK Government For mRNA Vaccine Manufacturing Centre

  • Moderna Inc MRNA has finalized a strategic partnership with the U.K. government to establish an mRNA vaccine research, development, and manufacturing facility in the U.K.
  • This milestone follows the agreement in principle between Moderna and the UK Government, announced in June 2022.
  • The Moderna Innovation and Technology Centre (MITC) is intended to provide access to a UK-made supply of COVID-19 jabs. It also has the potential to develop vaccines for other respiratory diseases, such as flu and respiratory syncytial virus.
  • Related: FDA Authorizes Pfizer/BioNTech And Moderna's Bivalent COVID Shots For 6 Months Old.
  • The government said the new facility would have the capacity to produce up to 250 million vaccines annually. It is expected to create over 150 highly-skilled jobs. 
  • Construction of MITC is expected to commence in early 2023, with the first mRNA vaccine expected to be produced in the UK in 2025. The location of the facility is expected to be revealed in early 2023.
  • Price Action: MRNA shares are down 2.99% at $203.77 on the last check Thursday.
Loading...
Loading...
MRNA Logo
MRNAModerna Inc
$27.30-1.62%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
6.08
Growth
Not Available
Quality
Not Available
Value
68.47
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...