Cape Town Biovac Secures R1.8 Billion For Vaccine Plant

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cape town biovac secures r18 billion for vaccine plant

The Cape Town company's new vaccine plant will produce cholera, polio and pneumonia doses. Biovac has secured a 110 million R1.8 billion financing package to build Africa's first end-to-end multi-vaccine manufacturing site in Cape Town, reports Cape town Etc .

European Investment Bank President Nadia Calvino said the partnership means we are making history. The deal should create more than 340 skilled jobs and about 7 000 indirect jobs, according to the partners.

The development that could lift local vaccine production and strengthen supply for the continent. European Investment Bank President Nadia Calvino said the partnership means we are making history . The deal should create more than 340 skilled jobs and about 7 000 indirect jobs, according to the partners.

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