Giant coronavirus vaccine plant launched in South Africa by US billionaire Patrick Soon-Shiong
- The billion-dose factory would be the largest on the continent, which struggled to secure shots while rich nations were already inoculating their populations
- Soon-Shiong’s biotech firm is developing a mRNA jab that it hopes will be used as a universal booster for earlier doses
Africa has struggled to secure vaccines while wealthy countries were already giving their populations shots. To date just 10.1 per cent of Africa’s 1.2 billion people are fully vaccinated. That compares with 62 per cent of Americans and 72 per cent of people in the UK.
His South African venture came about after talks with Cyril Ramaphosa, the president of the country.
“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. “President Ramaphosa said ‘come home, we will make this happen’.”
The plant, which could employ 400 to 600 people, is ultimately dependent on the vaccine his companies are developing getting approval. Trials are being conducted in a number of countries, including South Africa, Botswana and Australia.
In May, Soon-Shiong, who has a net worth of US$9.9 billion according to data compiled by Bloomberg, said he would give an initial 3 billion rand (US$195 million) to South Africa to help with the transfer of new technology for Covid-19 vaccines and other therapies, including for diseases such as cancer, HIV and tuberculosis.
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Soon-Shiong was raised by China-born parents in South Africa, where the 69-year-old studied in Johannesburg, before moving to the US and settling in Los Angeles.
He made his fortune by inventing the cancer drug Abraxane and today his assets include the Los Angeles Times newspaper and a share of the Los Angeles Lakers basketball team, which he bought from former star player Magic Johnson.
NantSA, the South African unit of Soon-Shiong’s NantWorks LLC, was established last year.
The company will build manufacturing facilities and a biologics manufacturing campus. Technology, know-how and materials for DNA, RNA, adjuvant vaccine platforms and cell therapy will be transferred to South Africa, the billionaire said in September.