Moderna Announced Completion Of Construction Of mRNA Manufacturing Facility In Laval, Quebec; Facility Is Expected To Be Ready To Manufacture Respiratory mRNA Vaccines For Canadians In 2025
Portfolio Pulse from Benzinga Newsdesk
Moderna has completed the construction of its mRNA manufacturing facility in Laval, Quebec. The facility is anticipated to start manufacturing respiratory mRNA vaccines for Canadians by 2025, according to Reuters.
February 23, 2024 | 5:52 pm
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Moderna's completion of its mRNA manufacturing facility in Quebec marks a significant step towards enhancing its vaccine production capabilities, specifically targeting the Canadian market by 2025.
The completion of the manufacturing facility is a positive development for Moderna, indicating an expansion of its production capabilities. This strategic move is likely to enhance its market position in Canada by meeting the demand for respiratory mRNA vaccines, potentially leading to increased revenue and a positive impact on its stock price in the short term.
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