US biotech billionaire Patrick Soon-Shiong launched a plant that will produce a billion Covid-19 vaccine doses a year in Cape Town by 2025, which would make it the biggest such factory in Africa and could help the least vaccinated continent tackle the pandemic.
Africa has struggled to secure vaccines while wealthy countries were already giving their populations shots. To date just 10.1% of Africa’s 1.2 billion people are fully vaccinated. That compares with 62% of Americans and 72% of people in the U.K. Soon-Shiong’s ImmunityBio is developing a Covid-19 vaccine that it hopes will be used as a universal booster for earlier shots and may help end the pandemic by targeting the nucleocapsid protein at the core of the coronavirus, which is less prone to mutation than the spike proteins targeted by other shots.“We want to manufacture this in Africa for Africa and export it to the world,” Soon-Shiong, who was born in the South African city of Gqeberha, said at a press conference on Wednesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa’s oldest insurance company on new pension changes for South AfricaOn 14 December 2021, the National Treasury released two papers on proposed further retirement reforms for public comment which detail how it plans to transform the retirement savings industry and improve savings outcomes for all South African workers.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Call for eased lockdown rules in South AfricaUnder current level 1 regulations, the number of people permitted at an indoor gathering is 1,000, while the number of people permitted at outdoor events is 2,000.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
The best way to sell high-value properties in South AfricaSpecialised property brokerage In2Assets has revolutionised the sale of high-value properties in South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
5 important things happening in South Africa todayElectricity prices could be increasing by even more than expected; IEB matric results are out; scientists say lockdown should end and common sense should prevail; red flags raised over state capture witnesses and whistleblowers’ safety.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
LIVE: South Africa v India, 1st ODI - Wednesday, 19 JanuaryLIVE: South Africa v India, 1st ODI - Wednesday, 19 January The high-adrenaline Test series ended 2-1 in favour of South Africa leaving India bruised and battered, but now it's time for three ODIs!
Source: TheSAnews - 🏆 25. / 59 Read more »
6 things that are more expensive in South Africa at the start of 2022Statistics South Africa has published its latest consumer price index, showing that annual headline inflation jumped to 5.9% in December 2021, up from 5.5% in November 2021.
Source: BusinessTechSA - 🏆 24. / 61 Read more »