Arcturus Therapeutics announced that Arcalis, Arcturus’ manufacturing joint venture in Japan to support the production of mRNA vaccines and therapeutics, has been selected by the Japanese Ministry of Economy, Trade and Industry to receive additional financial support to construct a DNA template manufacturing facility along with new sequipment. In total to date, $165M has been awarded to Arcalis by the Japanese government to build mRNA Drug Substance, mRNA Drug Product manufacturing capabilities and to construct a DNA template manufacturing facility. The mRNA Drug Substance manufacturing facility was completed in July 2023. Arcalis will provide cGMP-integrated vaccine manufacturing, from mRNA drug substance to bulk nanoparticle-formulated drug product. This new capital will fund the development of a DNA plasmid production process to support the rapid manufacture of various vaccines and therapeutics, investigational drugs, and mRNA-based medicines. The new facility is designed to accelerate vaccine production by enabling the manufacturing of DNA plasmid and delivering vaccines within 100 days of the declaration of a target viral strain. The DNA plasmid generated at this facility is intended to be used as the key starting material in the manufacture of mRNA Drug Substance at the neighboring facility.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ARCT:
- Developers of mRNA Vaccines Honored with Nobel Prize
- 3 Best Stocks to Buy Now, 9/28/2023, According to Top Analysts
- Arcturus and CF Foundation extend pact to advance ARCT-032
- EMA validates Arcturus/CS’s MA application for ARCT-154 vaccine to prevent Covid
- Arcturus JV mRNA manufacturing partner, ARCALIS, awarded $115M in Japan grants
Questions or Comments about the article? Write to editor@tipranks.com