BioNTech And CEPI Expand Partnership To Strengthen Africa's mRNA Vaccine Ecosystem; CEPI To Fund Up To $145M To Support BioNTech In Broadening The Scope Of The Manufacturing Facility In Kigali, Rwanda
Portfolio Pulse from Benzinga Newsdesk
BioNTech and CEPI are expanding their partnership to enhance Africa's mRNA vaccine ecosystem. CEPI will fund up to $145 million to support BioNTech in broadening the scope of the manufacturing facility in Kigali, Rwanda. The partnership aims to develop local R&D, clinical, and commercial-scale manufacturing capacities for mRNA vaccines in Africa, ensuring equitable access and affordable pricing for low- and middle-income countries.
May 29, 2024 | 12:15 pm
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BioNTech and CEPI are expanding their partnership to enhance Africa's mRNA vaccine ecosystem. CEPI will fund up to $145 million to support BioNTech in broadening the scope of the manufacturing facility in Kigali, Rwanda. This initiative aims to develop local R&D, clinical, and commercial-scale manufacturing capacities for mRNA vaccines in Africa, ensuring equitable access and affordable pricing for low- and middle-income countries.
The partnership and funding from CEPI will likely have a positive impact on BioNTech's stock in the short term. The initiative enhances BioNTech's presence in Africa and aligns with global health priorities, potentially leading to increased investor confidence.
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