BERLIN— Pfizer Inc. vaccine partner BioNTech SE said it would set up a new Asia headquarters in Singapore to produce its Covid-19 vaccine and other medicines, as global demand for the lifesaving shots continues to grow.

The new factory, which is supported by Singapore’s Economic Development Board, a government agency, is expected to become operational in 2023, BioNTech said. The company didn’t release any information regarding the cost of the project and the scale of government support.

The fact that it is likely to take two years to set up the production line underlines the complexity of manufacturing the so-called mRNA vaccines produced by Pfizer and BioNTech. The companies have pointed to this complexity as an argument against waiving the patent on their shot for it to be manufactured in developing countries, a move the U.S. is pushing for.

BioNTech, a small German drugmaker focused on cancer treatments, came up with the first coronavirus vaccine to be approved in the U.S. and Europe. BioNTech and Pfizer market the shot together, except in Germany, Turkey and China, where BioNTech operates alone.

The company said in a written statement that it selected Singapore for its regional headquarters and would build a highly automated mRNA manufacturing site for vaccines and therapeutics for infectious diseases and cancer.

“With this planned mRNA production facility, we will increase our overall network capacity and expand our ability to manufacture and deliver our mRNA vaccines and therapies to people around the world,” said BioNTech Chief Executive Ugur Sahin.

“Singapore provides an excellent business climate, growing biotechnology industry and rich talent base,” Dr. Sahin added.

Construction is expected to begin this year. When the factory comes online in two years, the site is expected to have an annual capacity of several hundred million doses, as well as rapid-response production capability for potential pandemic threats in the region.

Beh Swan Gin, chairman of the EDB, said in a written statement that BioNTech’s mRNA manufacturing facility would contribute significantly to the region’s ability to address future pandemic threats.

In September last year, BioNTech purchased a state-of-the-art factory in Germany from Novartis Pharma GmbH to expand its Covid-19 vaccine production. Yet the factory in Marburg, located some 70 miles from BioNTech’s headquarters in the city of Mainz, took more than six months to begin producing its first doses, because of the complicated technology transfer, the need for upgrades to the site and the stringent certification process.

STAY INFORMED

Get a coronavirus briefing six days a week, and a weekly Health newsletter once the crisis abates: Sign up here.

Similarly, it took nearly eight months for Pfizer, one of the world’s largest pharmaceutical companies, to absorb BioNTech’s proprietary technology and start producing vaccines at scale.

BioNTech said earlier that it would soon set up a production site in China with Shanghai Fosun Pharmaceutical (Group) Co. to supply the Chinese market. China has ordered as many as 100 million doses from BioNTech and Fosun Pharma.

Write to Bojan Pancevski at [email protected]

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Trump slow-rolls to the Iowa caucuses, boasting confidence for the final week

DES MOINES, Iowa — Last week, roughly 200 people gathered in Ankeny,…

An Israeli teen lost his father and brother in the Hamas attacks; an American boy was inspired to take action

OFAKIM, ISRAEL — In a bomb shelter festooned with Israeli flags and…

Dolly Parton says Elle King ‘just had a little too much to drink’ at slurred, profane Grand Ole Opry tribute

Dolly Parton only has “Real Love” for Elle King after the younger…

Drone video shows police fatally shoot California man who pointed BB gun at officer

Drone video captured the moment police fatally shot a California man after…