PHARMA

0.360

+0.005 (+1.4%)

OTHERS CLARIFICATION ON NEWS ARTICLE TITLED "PHARMANIAGA PLANTS READY TO TAKE ON COVID VACCINE" APPEARING IN THE STARBIZ DATED 24 AUGUST 2020

PHARMANIAGA BERHAD

Type Announcement
Subject OTHERS
Description
CLARIFICATION ON NEWS ARTICLE  TITLED "PHARMANIAGA PLANTS READY TO TAKE ON COVID VACCINE" APPEARING IN THE STARBIZ DATED 24 AUGUST 2020

As a clarification to the news article titled "Pharmaniaga plants ready to take on Covid Vaccine" appearing in the Starbiz dated 24 August 2020.

 

We wish to inform that with the current need of the nation to speed up production of COVID19 vaccine, Pharmaniaga has offered its existing suitable facility to be repurposed to undertake COVID19 vaccine fill and finish.

 

Presentation on the proposed facility to the MOSTI team led by YB Minister was held in early July and was subsequently presented to Nasional Science Council (NSC) chaired by YAB Prime Minister. Following this, YB MOSTI Minister made announcement that the Government could use the facilities of Pharmaniaga and Duopharma Biotech Berhad for fill and finish of COVID19 vaccine. As at to-date, Pharmaniaga have yet to enter into an agreement with the Government for the project.

 

Pharmaniaga have carried out the necessary study on the changes required and has firmed up the additional CAPEX required to ensure that the plant is ready to undertake the project.






Announcement Info

Company Name PHARMANIAGA BERHAD
Stock Name PHARMA
Date Announced 26 Aug 2020
Category General Announcement for PLC
Reference Number GA1-26082020-00077