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.