Australia to spend $726 million underwriting country's biggest vaccine plant

By Reuters

Australia will spend A$1 billion ($726.3 million) underwriting construction of a vaccine manufacturing plant under a deal with a unit of biomedical giant CSL Ltd , guaranteeing supply of flu shots and antivenins, the federal government said on Monday. “We're currently well placed, but we want to be even better placed because who knows what will come,” Health Minister Greg Hunt told the Australian Broadcasting Corp. Hunt added the new CSL plant would be the largest vaccine manufacturing plant in the southern hemisphere.

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