New report estimates $220 million in economic activity, $4.8 billion in potential “pandemic preparedness benefit” generated through from Moderna factory

Oxford Economics modelling commissioned by Moderna has predicted that the US biotech company’s Melbourne mRNA facility will add $220 million annually to Australian GDP, support 990 ongoing jobs, and deliver “pandemic preparedness benefits” worth as much as $4.8 billion over 30 years “based on the likelihood of a future pandemic”. The Moderna Technology Centre in…

Manufacturing news briefs – stories you might have missed

IDT Australia secures Sanofi contract Pharmaceutical development company IDT Australia has secured a follow on contract with pharma giant Sanofi Australia for preclinical formulation, development and manufacture of Sanofi’s messenger RNA (mRNA). The contract, worth up to $4 million, continues the company’s advancement of mRNA-based vaccine formulation, development and manufacture at IDT’s aseptic sterile injectables…

National RNA blueprint released

The federal government has released Australia’s RNA Blueprint, which it says will “guide advanced manufacturing growth and help create more high-paying jobs” within a sector estimated to add “up to $8 billion” to national GDP over the next decade. In a statement on Tuesday, industry minister Ed Husic said the blueprint (available here) focussed on…

IDT and Sanofi to manufacture mRNA vaccines under development

Drug development company IDT Australia and pharmaceutical business Sanofi have signed an agreement for the good manufacturing practice (cGMP) manufacture of Sanofi’s mRNA vaccines now under development. The partners will collaborate to advance mRNA-based vaccine formulation, development and manufacture at IDT’s aseptic sterile injectables filling facilities in Melbourne (pictured) in volumes needed for clinical trials…

Manufacturing news briefs – stories you might have missed

Envirostream to recycle LG lithium batteries Battery recycler Envirostream has signed an exclusive three year agreement with LG Energy Solutions to recycle all its recalled lithium ion batteries collected in Australia. Envirostream, a subsidiary of Lithium Australia, expects significantly increased battery collection volumes equating to 140 percent of the company’s total in FY23. LG has…