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IFC and development groups to help fund vaccine production in Africa
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IFC and development groups to help fund vaccine production in Africa
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Billionaireâs year at home gives impetus to Africa vaccine plan
Itâs given him the time to plot a way to help Africa produce its own vaccines.
By Janice Kew and Antony Sguazzin, Bloomberg
21 May 2021 14:38
Patrick Soon-Shiong, chief executive officer of NantKwest Inc. Image: Bloomberg
US biotech billionaire Patrick Soon-Shiong has spent the last year at home, but heâs not been idle. Itâs given him the time to plot a way to help Africa produce its own vaccines.
ImmuntyBio Inc., in which he is a part owner, has signed a deal with The BioVac Institute, a state-backed South African vaccine company, to manufacture coronavirus doses from scratch in the country. Heâs also giving an initial R3 billion ($214 million) to the nation of his birth to help pass on technology for Covid-19 shots and other therapies that can be exported around the continent.
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