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Moderna Inc. will build a factory to make messenger RNA vaccines in Canada under a deal with its government that could provide a model for increasing global capacity.
The facility, announced on Tuesday, will be built, owned and operated by Moderna, CEO Stéphane Bancel said in an interview. He said the company was discussing building similar factories with countries in Europe and Asia, although he declined to say which ones.
Under the agreement with Canada, the plant will fulfill Canadian orders for Moderna mRNA vaccines, including the Covid-19 booster vaccines and other vaccines the company is developing, Bancel said.
The plant will be similar to the company’s main manufacturing facility in Norwood, Massachusetts, and will likely employ a few hundred people, he said.
The location of the plant has not been determined. The company and the government have said construction could be completed by the end of 2024. Canada’s Innovation Minister François-Philippe Champagne said Canada has agreed to acquire a set number of vaccines that Moderna will produce from the factory, to help attract the business. He did not provide further details.
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