Google AI
The Times Australia
The Times News

.

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

Times Magazine

Adobe Ushers in a New Era of Creativity with New Creative Agent and Generative AI Innovations in Adobe Firefly

Adobe (Nasdaq: ADBE) — the global technology leader that unleashes creativity, productivity and ...

CRO Tech Stack: A Technical Guide to Conversion Rate Optimization Tools

The fascinating thing is that the value of this website lies in the fact that creating a high-cali...

How Decentralised Applications Are Reshaping Enterprise Software in Australia

Australian businesses are experiencing a quiet revolution in how they manage data, execute agreeme...

Bambu Lab P2S 3D Printer Review: High-End Performance Meets Everyday Usability

After a full month of hands-on testing, the Bambu Lab P2S 3D printer has proven itself to be one...

Nearly Half of Disadvantaged Australian Schools Run Libraries on Less Than $1000 a Year

A new national snapshot from Dymocks Children’s Charities reveals outdated books, no librarians ...

Growing EV popularity is leading to queues at fast chargers. Could a kerbside charger network help?

The war on Iran has made crystal clear how shaky our reliance on fossil fuels is. It’s no surpri...

The Times Features

Mother’s Day, The Lodge Dining Room

Her Day, The Lodge Way This Mother’s Day, The Lodge Dining Room presents a refined take on high...

The Albanese Government’s plan to impose a retrospectiv…

LABOR’S RETROSPECTIVE TAX GRAB RISKS 3 MILLION JOBS The Albanese Government’s plan to impose a retr...

Court outcome reinforces wildlife trafficking will not …

A 20-year-old man has been fined close to $50,000 and ordered to pay costs after pleading guilty t...

Businesses tap UOW PhD researchers to accelerate innova…

Industry internship program connects businesses with research talent to fast-track innovation an...

Olivia Colman, Kate Box to join an exclusive Live Q…

Photo credit : Photo Credit Mark De BlokFresh out of cinemas, JIMPA - the new film by acclaimed di...

Rental growth reaccelerates as cost to tenants reaches …

Australian renters are spending a record share of their gross median household income on housing c...

Worried about feeding your baby solid foods? Here’s wha…

When you have a baby, mealtimes can be messy and stressful. If you’re a new parent you may be...

Key Nutrients to Consider Before Pregnancy

Preparing for pregnancy often begins well before conception. Nutrition plays an important role durin...

When AI starts shopping for you, fashion may be enterin…

Fashion has always been a bit different to other industries. Consumers do not just buy because...