Treasurer and Minister for Trade and Investment The Honourable Cameron Dick
The Palaszczuk Government will invest an additional $35.5 million to support the development of a locally-based vaccine manufacturing industry in Queensland, through the world-leading Translational Research Institute.
Treasurer and Minister for Trade and Investment Cameron Dick said the new investment meant Queensland would be contributing three-quarters of the $80 million cost of the TRI’s Translational Manufacturing facility.
“COVID-19 taught us many lessons, but among the most important was the need for Queensland to have as much of our own sovereign manufacturing capability as possible,” the Treasurer said.
“This is especially true when it comes to the production of vaccines and other medical treatments.
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