{"id":125880,"date":"2021-05-21T06:54:16","date_gmt":"2021-05-21T06:54:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125880"},"modified":"2021-05-21T06:54:16","modified_gmt":"2021-05-21T06:54:16","slug":"australia-seeks-domestic-capability-to-produce-mrna-vaccines","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/australia-seeks-domestic-capability-to-produce-mrna-vaccines\/","title":{"rendered":"Australia seeks domestic capability to produce mRNA vaccines"},"content":{"rendered":"

CANBERRA (Reuters) -Australia has invited proposals from pharmaceutical firms to establish domestic manufacturing of mRNA vaccines, Prime Minister Scott Morrison said, as Canberra seeks to strengthen the nation\u2019s ability to respond to future pandemics.<\/p>

FILE PHOTO: A healthcare professional prepares a dose of the Pfizer coronavirus disease (COVID-19) vaccine as high-risk workers receive the first vaccines in the state of Victoria’s rollout of the program, in Melbourne, Australia, February 22, 2021. REUTERS\/Sandra Sanders\/File Photo<\/figcaption>

Earlier this month, the government announced it was in talks with Moderna to establish mRNA vaccine production, and on Friday Canberra said other companies had two months to submit their own proposals.<\/p>\n

\u201cWe have called for those proposals to come forward and to find out exactly what is needed from those proponents to see these facilities and capabilities being established here in Australia,\u201d Morrison told reporters in Tasmania.<\/p>\n

\u201c(It) will be done as a partnership between industry and government,\u201d he said, without elaborating.<\/p>\n

Australia last year announced a A$1.5 billion ($1.2 billion) spending outlay to revitalise manufacturing across six sectors, including pharmaceuticals.<\/p>\n

Messenger ribonucleic acid (mRNA) vaccines prompt the body to make a protein that is part of the virus, triggering an immune response.<\/p>\n

Pfizer Inc and Moderna Inc use mRNA technology in their COVID-19 vaccines, which Australia will use to vaccinate people younger than 50 after Canberra restricted the use of a AstraZeneca vaccine due to blood clot concerns.<\/p>\n

Though Australia has fared much better than many other developed nations in containing the pandemic, with just under 30,000 cases and 910 deaths, the COVID-19 vaccine rollout has missed its initial dosage targets.<\/p>\n

The national immunisation drive has gathered pace recently with around a third of the 3.3 million doses administered given in the last three weeks.<\/p>\n

While industry observers note it will take years to fully establish domestic manufacturing facilities, lawmakers said it would put Australia at the forefront of cutting edge technology.<\/p>\n

\u201cIt\u2019s very likely as this technology and medical science develops it won\u2019t be simply be vaccines but a range of therapeutic approaches for cancer, for cardiovascular diseases,\u201d Christian Porter, Australia\u2019s Minister for Innovation, told reporters in Perth.<\/p>\n

($1 = 1.2893 Australian dollars)<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CANBERRA (Reuters) -Australia has invited proposals from<\/p>\n","protected":false},"author":3,"featured_media":125879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nAustralia seeks domestic capability to produce mRNA vaccines - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/australia-seeks-domestic-capability-to-produce-mrna-vaccines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia seeks domestic capability to produce mRNA vaccines - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"CANBERRA (Reuters) -Australia has invited proposals from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/australia-seeks-domestic-capability-to-produce-mrna-vaccines\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-21T06:54:16+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Australia-seeks-domestic-capability-to-produce-mRNA-vaccines.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/australia-seeks-domestic-capability-to-produce-mrna-vaccines\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/australia-seeks-domestic-capability-to-produce-mrna-vaccines\/\",\"name\":\"Australia seeks domestic capability to produce mRNA vaccines - 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