IDT 0.00% 11.0¢ idt australia limited

The government is also looking to approach the Australian market...

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    The government is also looking to approach the Australian market for a private company to deliver a long-term sovereign mRNA manufacturing capability which will see end-to-end onshore capability.
    “This will ensure onshore vaccine supply and maximise future potential by leveraging the flexibility of the mRNA platform and its potential long-term applicatons,” the budget papers said.
    But the federal government is not saying how much money has been allocated to the establishment of the mRNA facility, saying this is due to “commercial in confidence sensitives”.
    At the budget lockup press conference, Finance Minister Simon Birmingham said the government investment is about preparing for the long-term, and that its size has been kept hidden from the public due to ongoing commercial negotiations.
    “We see this as being important for the long-term to meet future potential COVID booster requirements, and the potential advance of those sorts of vaccine medicine in terms of other distribution applications. It’s not for the next week, month or year, it’s for the long term,” Senator Birmingham said.
    “That funding is provided, but it is not for publication. There are a couple of stages of commercial negotations necessary. There’s the technology transfer from the patent holder of the vaccine, and the production of it in Australia, and the operator of one or more manufacturing facilities. Those figures are provide for but not for publication.”

    does that mean IDT is out?

    they are a public company obviously
    Last edited by Goldfinger1972: 11/05/21
 
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