Moderna's Quebec Facility Gains Health Canada Approval, Set to Produce mRNA Vaccines Domestically
Portfolio Pulse from Benzinga Newsdesk
Moderna's manufacturing facility in Laval, Quebec, has received a Drug Establishment License from Health Canada, allowing it to produce mRNA vaccines domestically. This milestone positions Moderna to ensure a reliable supply of vaccines in Canada, with production expected to start in 2025.
September 09, 2024 | 11:39 am
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Moderna's Quebec facility has received Health Canada approval to produce mRNA vaccines, enhancing its production capabilities and ensuring a reliable supply in Canada by 2025.
The approval of Moderna's Quebec facility by Health Canada is a significant regulatory milestone, allowing the company to produce mRNA vaccines domestically. This development is likely to enhance Moderna's production capabilities and market presence in Canada, potentially leading to positive investor sentiment and a short-term increase in stock price.
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