HomeAsiaModerna to set up Singapore subsidiary to support delivery of mRNA vaccines

Moderna to set up Singapore subsidiary to support delivery of mRNA vaccines

SINGAPORE: Vaccine maker Moderna on Tuesday (Feb 15) introduced plans to set up a brand new subsidiary in Singapore, in addition to three others in Malaysia, Taiwan and Hong Kong.

The new subsidiary will present native presence to support the delivery of mRNA vaccines and therapeutics in Singapore, the corporate mentioned in a press launch.

Moderna mentioned that it’s “actively recruiting a team to build a strong presence in the market as the company’s mRNA therapeutics pipeline grows to benefit Singapore and the wider region”.

“The company’s plan to establish a local subsidiary reflects the strategic role of Singapore as a leading biomedical sciences hub,” it mentioned, including that Singapore affords a excessive quantity of expert employees, authorities support for the sector, and a business-friendly regulatory surroundings.

Moderna CEO Stéphane Bancel, mentioned that he was “pleased” to announce the corporate’s enlargement into Singapore, referring to the nation as “the biotech epicentre of Asia”.

“Like Moderna, the Singapore biopharma industry is witnessing an incredible period of growth. We are excited for Moderna to become part of that journey and to continue to leverage our mRNA platform to help solve health challenges across the Asia-Pacific region,” he added.

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