The Times Australia
The Times News

.
The Times Real Estate

.

Morrison government commits $1 billion over 12 years for new vaccine manufacturing supply

  • Written by The Conversation
Morrison government commits $1 billion over 12 years for new vaccine manufacturing supply

The federal government has concluded a $1 billion agreement, funded over 12 years, with Seqirus to secure supply from a new high-tech manufacturing facility in Melbourne which would produce pandemic influenza vaccines as well as antivenoms.

This would boost Australia’s sovereignty when the country was faced with a future pandemic, and make for quick responses.

Seqirus, a subsidiary of CSL Ltd, will invest $800 million in the facility, which will be built at Tullamarine, near Melbourne airport. It will replace Seqirus’ facility in the inner Melbourne suburb of Parkville which is more than 60 years old. The Victorian government has supported the procurement of the land for the new operation.

Seqirus says the complex will be the only cell-based influenza vaccine manufacturing facility in the southern hemisphere, producing seasonal and pandemic flu vaccines, Seqirus’ proprietary adjuvant MF59 ®, Australian antivenoms and Q-Fever vaccine.

Work on construction will begin next year; the project will provide some 520 construction jobs. The facility is due to be fully operating by 2026, with the contract for supply of its products running to 2036.

The present agreement between the federal government and Seqirus is due to end in 2024-25.

Seqirus is presently the only company making influenza and Q fever vaccine in Australia, and the only one in the world making life-saving antivenom products against 11 poisonous Australian creatures, including snakes, marine creatures and spiders.

Scott Morrison said that “while we are rightly focused on both the health and economic challenges of COVID-19, we must also guard against future threats.

"This agreement cements Australia’s long-term sovereign medical capabilities, giving us the ability to develop vaccines when we need them.

"Just as major defence equipment must be ordered well in advance, this is an investment in our national health security against future pandemics,” he said.

Stressing the importance of domestic production capability, the government says when there is a global pandemic, countries with onshore capabilities have priority access to vaccines.

Health minister Greg Hunt said: “This new facility will guarantee Australian health security against pandemic influenza for the next two decades”.

Seqirus General Manager Stephen Marlow said: “While the facility is located in Australia, it will have a truly global role. Demand for flu vaccines continues to grow each year, in recognition of the importance of influenza vaccination programs. This investment will boost our capacity to ensure as many people as possible – right across the world – can access flu vaccines in the future.”

To deal with the present pandemic, the government has earlier announced $3.2 billion to secure access to over 134.8 million doses of potential COVID-19 vaccine candidates developed by the University of Oxford-Astra Zeneca and the University of Queensland, Pfizer-BioNTech and Novavax.

Read more https://theconversation.com/morrison-government-commits-1-billion-over-12-years-for-new-vaccine-manufacturing-supply-150144

The Times Features

5 Reasons Your Finances Deserve a Summer Refresh

Most of you are ready to change your clothing, tidy the lawn, and schedule a well-earned vacation as the days become longer and the temps climb. Summer, meanwhile, is also the id...

Optimal Locations for Smoke Alarms in Australian Homes

Smoke alarms play a crucial role in ensuring the safety of homes across Australia. They are essential in alerting occupants at the earliest signs of a fire, allowing enough time ...

10 Smart Ways Australians Can Slash Their Electricity Bills in 2025

Electricity prices in Australia continue to rise, but that does not mean you have to sacrifice your lifestyle to save money. By making a few smart changes, you can lower your pow...

Trusted Healthcare Construction Company for Modern Facilities

Achieving quality, safety, and innovative medical facilities is challenging in an ever-changing healthcare world without collaboration with a trusted healthcare construction comp...

How to Treat Hair Loss Without a Hair Transplant

Understanding Hair Loss Hair loss can significantly affect individuals, both physically and emotionally. Identifying the causes and types can help address the issue more effecti...

How to Find a Trustworthy Professional for Your Plumbing Needs

Nowra is an idyllic locality often referred to as the city of the Shoalhaven City Council in the South Coast region of New South Wales, Australia. This picturesque suburb feature...

Times Magazine

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

"Eternal Nurture" by Cara Barilla: A Timeless Collection of Wisdom and Healing

Renowned Sydney-born author and educator Cara Barilla has released her latest book, Eternal Nurture, a profound collection of inspirational quotes designed to support mindfulness, emotional healing, and personal growth. With a deep commitment to ...

LayBy Shopping