Africa
Why Moderna Has Dropped Plans To Construct Vaccine Plant In Kenya
American drugmaker Moderna said on Thursday, April 12, that it had paused its plans to build an mRNA vaccine manufacturing plant in Kenya as demand for vaccines in Africa falls.
American pharmaceutical and biotechnology company Moderna has stopped its initial plans to construct a Messenger RNA (mRNA) manufacturing facility in Kenya due to uncertainties regarding the demand for mRNA vaccines in Africa.
The decline in demand for Covid-19 vaccines since the peak of the pandemic has made the project economically unviable.
“Moderna has not received any vaccine orders for Africa since 2022 and has faced the cancellation of previous orders, resulting in more than $1 billion in losses and write-downs,” Moderna said in a statement.
Despite facing significant losses from cancelled orders, the Massachusetts-based company remains committed to ensuring fair access to its coronavirus jab in Africa through its global manufacturing network.
Additionally, Moderna said that it is actively developing vaccines for diseases like HIV and malaria that disproportionately affect the continent.
“These initiatives are part of our broader commitment to help address global health challenges through our innovative mRNA technology. However, these investigational vaccines are at an early development stage,” the statement read.
Moderna believes it is prudent to pause the construction of the Kenyan facility to better align with evolving healthcare needs and vaccine demand in Africa.
The company acknowledges the support from the US and Kenyan governments and looks forward to future discussions on supporting Kenya’s healthcare system and advancing mRNA vaccines and therapeutics for African needs.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
-
Business5 days ago‘They’re Criminals,’ Popular Radio Presenter Rapcha The Sayantist Accuses Electric Bike Firm Spiro of Fraudulent Practices
-
News1 week agoTemporary Reprieve As Mohamed Jaffer Wins Mombasa Land Compensation Despite Losing LPG Monopoly and Bitter Fallout With Johos
-
Sports1 week ago1Win Games 2025: Ultimate Overview of Popular Casino, Sports & Live Games
-
Investigations1 week agoFrom Daily Bribes to Billions Frozen: The Jambopay Empire Crumbles as CEO Danson Muchemi’s Scandal-Plagued Past Catches Up
-
Business1 week agoHass Petroleum Empire Faces Collapse as Court Greenlights KSh 1.2 Billion Property Auction
-
Investigations5 days agoDisgraced Kuscco Boss Arnold Munene Moves To Gag Media After Expose Linking Him To Alleged Sh1.7 Billion Fraud
-
Africa4 days agoDisgraced Oil Trader Idris Taha Sneaks Into Juba as Empire Crumbles
-
News1 week agoShanta Gold’s Sh680 Billion Gold Discovery in Kakamega Becomes A Nightmare For Community With Deaths, Investors Scare
