By Alison Bevege For Daily Mail Australia

Published: 22:30 AEST, 15 November 2020 | Updated: 01:28 AEST, 16 November 2020

Australia will build an $800million dollar factory to make more than $1billion worth of vaccines and anti-venom for snakes and spiders instead of buying them from overseas

  • New $800 million flu vaccine factory to be built in Melbourne
  • CSL-subsidiary Seqirus to start building next year creating 520 building jobs
  • Federal Government guarantees vaccines with $1 billion supply deal 
  • Old factory at Parkville to be closed after the new one comes online in 2026

Australia will safeguard its supply line of influenza vaccines by spending $1.8 billion on a huge facility to make the nation self-sufficient.

Flu vaccine manufacturer Seqirus will build an $800 million factory in Melbourne so Australia can mass produce its own influenza vaccines under a new agreement with the Federal Government announced on Sunday night. 

The agreement will ensure the nation is not dependent on global supply chains for influenza vaccines in a pandemic. 

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