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
-
News2 weeks agoTHE FIRM IN THE DOCK: How Kaplan and Stratton Became the Most Scrutinised Law Firm in Kenya
-
Grapevine1 week agoA UN Director Based in Nairobi Was Deep in an Intimate Friendship With Epstein — He Even Sent Her a Sex Toy
-
Politics2 weeks agoPresident Ruto and Uhuru Reportedly Gets In A Heated Argument In A Closed-Door Meeting With Ethiopian PM Abiy Ahmed
-
Development3 days agoKenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
-
Investigations1 week agoHow Mexico Drug Lord’s Girlfriend Gave Him Away
-
Business2 weeks agoSafaricom Faces Avalanche of Lawsuits Over Data Privacy as Acquitted Student Demands Sh200mn Compensation in 48 Hours
-
Investigations1 week agoHow Close Ruto Allies Make Billions From Affordable Housing Deals
-
Entertainment2 weeks agoKRA Comes for Kenyan Prince After He Casually Counted Millions on Camera
