NDC explores investment in vaccine manufacturing

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The National Development Company, the government investment arm attached to DTI, said it is currently exploring collaborations for potential investments in the establishment of a fill and finish facilities, and eventually bulk vaccine production plants.

The National Development Company , the government investment arm attached to the Department of Trade and Industry , said it is currently exploring collaborations for potential investments in the establishment of a fill and finish facilities, and eventually bulk vaccine production plants.

With this, NDC said it has ongoing discussions with Department of Science and Technology, Board of Investments and the private sector, among others, to explore potential collaborations in establishing fill and finish facilities, and eventually, bulk vaccine production plants. Presentation at the ASEAN conference showed that four ASEAN countries already have vaccine plants – Indonesia, Malaysia, Thailand, and Vietnam.

Alingog also said they are in talks with other potential foreign investors such as USAID, Development Finance Corp. , International Finance Corp. , and IIX of Singapore. Meantime, the Bases Conversion and Development Authority has allocated a five-hectare land in New Clark City for the construction of the proposed Virology Science and Technology Institute of the Philippines .

 

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