Prognosis
U.S. Billionaire Plans S. Africa Covid, Cancer Vaccine Plant
- Biotech entrepreneur Soon-Shiong was born in South Africa
- Plant will be established in South Africa’s Western Cape
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South African-born biotech billionaire Patrick Soon-Shiong’s NantWorks LLC has agreed to invest in a manufacturing plant and complex in the country’s Western Cape and aims to produce Covid-19 and cancer vaccines.
Technology transfer is expected to take place within the next three months and production of the shots for use across Africa is expected to start in 2022, the company said in a statement Thursday.