Melbourne now medical research and pharma capital of Australia

Moderna to use Melbourne manufacturing base

Melbourne will become the first place outside of Europe and the United States to manufacture mRNA vaccines following a deal between the Victorian and federal governments and biotech giant Moderna.

Health Minister Greg Hunt said the facility would be key to the country’s medical manufacturing future and help meet the country’s COVID-19 vaccine needs.

Minister for Medical Research Jaala Pulford told ABC’s RN Breakfast Victoria’s heavy investment into medical research and pharmaceutical manufacturing over the past two decades had ultimately favoured Melbourne over Sydney for the bid.

Victoria’s medical research sector supports about 30,000 jobs and contributes an estimated $21 billion to the state’s economy, according to government figures.

“Melbourne is home to around 60 per cent of medical research that occurs in Australia and around 90 per cent of pharmaceutical manufacturing,” she said.

The facility will produce 25 million doses a year from 2024 and have the capacity to scale production up to 100 million doses per year to tackle future pandemics.

It will also produce other treatments for cancer, rare diseases, cellular engineering, and protein-replacement therapy.

https://www.theage.com.au/national/victoria/victoria-unveils-moderna-vaccine-deal-as-state-records-1189-covid-cases-20211214-p59ha1.html

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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