A laboratory of Arcturus Therapeutics (Photo courtesy of the company) Hanoi (VNA) - Conglomerate Vingroup has signed an agreement with Arcturus Therapeutics medicines biotechnology company of the US on the transfer of COVID-19 vaccine production technology.
With a capacity to manufacture 200 million doses per year, Vingroup is projected to produce the first batches of vaccine by early 2022.
Arcturus Therapeutics is a leading clinical-stage messenger RNA medicines company focusing on the discovery, development and commercialisation of therapeutics for rare diseases and vaccines.
Under the agreement, the US firm will grant permission for Vingroup’s affiliate VinBioCare to produce COVID-19 vaccine named VBC-COV19-154, which is effective against new variants of the coronavirus such as Delta and Alpha.
The Vietnamese company is also approved to manufacture other COVID-19 vaccine types of Arcturus like ARCT-021.
The transfer is slated to begin this month.
VinBioCare’s plant will be located at the Hanoi-based Hoa Lac Hi-tech Park, which is built at an investment of over 200 million USD.
Necessary devices will be flown to Vietnam by September and the installation inside the plant is forecast to complete by two months later./.
