MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Featured IND » South Africa to build its own COVID-19 vaccine plant

South Africa to build its own COVID-19 vaccine plant

A plant headed up by government officials, pharmaceutical companies and private-sector vaccine specialists is planned to be built. This is according to Minister of Higher Education, Science and Technology Blade Nzimande, who spoke during a digital conference on Friday, July 31.

“The aim is to get South Africa into a state of readiness to manufacture an approved COVID-19 vaccine locally,” Nzimande said. “In anticipation of the huge demand, should a candidate vaccine be identified, manufacturing facilities will need to be established in different regions. The Southern African Development Community (SADC) and African continent region as a whole will need to be ready.”

His department is working on a number of projects currently, including:

– The mass production of hand sanitiser

– The development and production of locally-made ventilators

– The mass productions of facial shields made by 3D-printing

South Africa is one of the participating countries in the experimental COVID-19 vaccine trial overseen by pharmaceutical manufacturer AstraZeneca and Oxford University. The company is planning to administer shots of the vaccine to 5 000 volunteers in Brazil, as part of its late-stage trial. Subjects are being enrolled in South Africa, and a test will soon begin in the US.

“We intend to make a profit, but a reasonable profit, in the richer countries. Our pricing will be appropriate, it will be reasonable, because we really want people to be able to get vaccinated,” said AstraZeneca Chief Executive Officer Pascal Scariot during an interview with Bloomberg.

The manufacturer plans on selling the vaccine at its cost price during the pandemic, and will set a low price for lower- and middle-income countries when the pandemic is under control. Those in wealthier countries will pay more for the vaccine.

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Green Hydrogen: Powering SA’s energy and economic future

Green hydrogen is the fuel of the future and will have a major role to play in powering South Africa’s growth and employment prospects. This...

Transport Minister outlines urgent reforms to get SA back on track

South Africa’s transport and logistics sector has long been recognised as a key obstacle to economic growth – but change is underway. In the...

MUST READ

FUCHS LUBRICANTS SOUTH AFRICA Introduces Enhanced Distribution Strategy in the Western...

FUCHS LUBRICANTS SOUTH AFRICA is excited to announce a significant transformation in its distribution strategy within the Western Cape. This strategic shift marks a...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.