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Fil-Israeli firm to set up COVID-19 vaccine manufacturing plant in ecozone: PEZA

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ABS-CBN News

<p>MANILA - A Filipino-Israeli pharmaceutical firm is planning to set up a manufacturing plant in the country for its oral COVID-19 vaccines and other medicines, Philippine Economic Zone Authority director general Charito Plaza said Wednesday.</p><p>The PEZA board will approve the application of the company which intends to locate its COVID-19 vaccine manufacturing hub in the country, Plaza told ANC. </p><p>&quot;Next week when we will have the PEZA board meeting, we are going to approve (the) application of an Israeli-Filipino pharmaceutical company where they’re going to locate manufacturing of COVID vaccines which is oral, not injection,&quot; Plaza said.</p><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1636803" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>&quot;It’s really a big investment because they are considering to make the Philippines as the manufacturing hub of this oral COVID vaccine and other related medicine,&quot; she added.</p><p>Plaza did not share the value of the capital investment and the name of the firm. An official announcement will be made, she said.</p><p>Brands such as Pfizer, AstraZeneca, and Johnson &amp; Johnson, among others, are scrambling to meet the global demand for COVID-19 vaccines. </p><p>Global investors, including Warren Buffet&#x27;s Berkshire Hathaway Inc, have earlier expressed optimism for big pharmaceutical companies as the pandemic heightened the demand for medicines and the COVID-19 vaccines. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/03/05/21/philippines-may-get-pfizer-covid-19-shots-in-couple-of-weeks-envoy">Philippines may get Pfizer COVID-19 shots in ‘couple of weeks’: envoy</a></li>	<li><a href="https://news.abs-cbn.com/news/03/09/21/pasig-begins-inoculating-health-workers-with-astrazenecas-covid-19-jabs">Pasig begins inoculating health workers with AstraZeneca&#x27;s COVID-19 jabs</a></li></ul><div><strong>-- with a report from Reuters</strong></div>

<p>A Filipino-Israeli pharmaceutical firm is planning to set-up shop in the country to manufacture its oral COVID-19 vaccines and other medicines, Philippine Economic Zone Authority director general Charito Plaza said Wednesday.</p>

A Filipino-Israeli pharmaceutical firm is planning to set-up shop in the country to manufacture its oral COVID-19 vaccines and other medicines, Philippine Economic Zone Authority director general Charito Plaza said Wednesday.