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 agoCooking Fuel Firm Koko Collapses After Govt Blocks Sh23bn Carbon Deal
-
Americas4 days agoEpstein Files: Bill Clinton and George Bush Accused Of Raping A Boy In A Yacht Of ‘Ritualistic Sacrifice’
-
Politics2 weeks agoYour Excellency! How Ida’s New Job Title From Ruto’s Envoy Job Is Likely to Impact Luo Politics Post Raila
-
Business4 days agoABSA BANK IN CRISIS: How Internal Rot and Client Betrayals Have Exposed Kenya’s Banking Giant
-
Business2 weeks agoMinnesota Fraud, Rice Saga, Medical Equipment Deal: Why BBS Mall Owner Abdiweli Hassan is Becoming The Face of Controversial Somali Businessman in Nairobi
-
News2 weeks agoKenya Stares At Health Catastrophe As US Abandons WHO, Threatens Billions In Disease Fighting Programmes
-
News2 weeks agoDCI Probes Meridian Equator Hospital After Botched Procedure That Killed a Lawyer
-
Investigations1 week agoPaul Ndung’u Sues SportPesa for Sh348 Million in UK Court, Accuses Safaricom Boss of Sh2.3 Billion Conspiracy
