Victoria is powering Australia’s future in biotech, with Moderna’s state-of-the-art mRNA facility already creating jobs, boosting the economy, and putting the nation at the forefront of medical innovation.
At the launch of a new Oxford Economics report, Australia’s mRNA Advantage—Jobs, Health and Economic Resilience, Minister for Economic Growth and Jobs Danny Pearson visited Moderna’s Technology Centre at Monash University’s Clayton campus—the only end-to-end mRNA manufacturing site in the Southern Hemisphere. The centre has the capacity to produce up to 100 million vaccine doses each year, a gamechanger for both jobs and health security.
A new report by Oxford Economics shows the centre supported more than 1,800 jobs annually during construction and added almost $500 million to the economy.
Now fully operational, the facility is backing 1,000 jobs nationwide and injecting $220 million into Australia’s economy every year. Over the next decade, Moderna will also invest $266 million into local research, clinical trials and workforce development, unlocking a further $267 million in economic value, including $117 million for Victoria.
Victoria is the only place in the world where both Moderna and BioNTech have chosen to establish research and manufacturing bases—a clear sign of the state’s global leadership in health innovation.
With more than $1 billion invested in health and medical research over the past decade, the Victorian Labor Government is driving new jobs, stronger health security, and breakthrough discoveries that will save lives.
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💉#Victoria leads #biotech with @moderna_tx's #mRNA facility at @MonashUni, producing 100m doses yearly. 🚀 Backing 1,000 jobs, $220m annually, & $266m research investment. 🌏 Global hub with Moderna & BioNTech bases. 🌟 #TheIndianSun @DannyPearsonMP
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