GOOD NEWS!!!: Israeli-Filipino Pharma firm plans to make COVID vaccines in PH

GOOD NEWS!!!: Israeli-Filipino Pharma firm plans to make COVID vaccines in PH


Good News for the Philippines!

In this time of pandemic this is a most welcome news, an Israeli-Filipino pharmaceutical firm has plans to manufacture coronavirus disease 2019 (COVID-19) oral vaccines in local soil, the Philippine Economic Zone Authority (PEZA) said.

The application is set to be approved by the PEZA board, they plan to manufacture the vaccines in one of its economic zones, PEZA Director-General Charito B. Plaza told ABS-CBN on Wednesday.

(photo credit to owner)

“It’s really a big investment because they are considering to make the Philippines the manufacturing hub of these oral COVID(-19) vaccines and other related medicines. They will

The PEZA Director-General said in a mobile message said she will share important details about the company, size of the investment, and the production timeline after the PEZA board meeting which was set last March 12.

Plaza said the firm is 50% Israeli and 50% Filipino owned.

“They ask(ed) to give the details once PEZA board approves their application,” Ms. Plaza said.

“Next week we are expecting the scientists, the very inventors, who will come to the Philippines,” she added.

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Report from Bworldonline


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