With an initial investment of about $50 million from the Sinovac company, in a year and a half, a vaccine factory in Ecuador would be ready

With an initial investment of about $50 million from the Sinovac company, in a year and a half, a vaccine factory in Ecuador would be ready

About in a year and a half it would be installed a vaccine factory in Ecuador of the company Sinovac and in about two years would start the local production.

This was stated by the Minister of Health, Ximena Garzón, after the signing of the cooperation agreement between that State ministry and the company Sinovac Life Sciences, which is a roadmap of that project. The act was held this Wednesday, February 23, 2022, at the facilities of the Ministry of Public Health, south of Quito.

According to Garzón, there will be vaccines against COVID-19, which could be against the omicron variant, against the chickenpoxagainst poliomyelitisand could also be the pentavalent.

The initial investment would be about $50 million for a first phase, according to JackTang, COO for Latin America of that company.

Chinese pharmaceutical company Sinovac approves vaccine plant project in Ecuador

No decision yet on the specific site for the installation, although the executive mentioned that there is a preference for a place close to the airport and the city, possibly Quito.

Tang added that there could be a additional investment of another $50 million for complementary aspects.

With regard to job creation, he estimated it between 100 and 200 people. (I).

Source: Eluniverso

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