World's First Aids Vaccine Factory to Be in South Korea

[Guest guest]

World's First AIDS Vaccine

Factory To Be In South Korea

By S. J. Kim

Korea Times

10-22-1

A leading AIDS vaccine maker, Vax Gen, announced Friday that it plans to

build the world's first AIDS vaccine factory in Songdo, Inchon.

The U.S.-based vaccine firm signed a 10-year factory site lease with the

Inchon city government for a 30,000-pyong facility in Songdo. One pyong is

equal to 3.3 square meters. The company plans to build production facilities

as well as a research center.

Vax Gen is due to complete development and clinical tests for its AIDS

vaccine, AIDSVAX, by 2005.

The company is currently negotiating with local investors for the

construction of the factory, expected to require some $150 million.

Construction if due to begin in the second quarter next year.

``Construction of the AIDS vaccine plant in Inchon is part of the national

government's and Inchon city's plan to nurture Inchon into a global

bioengineering industry leader,'' said Inchon city government.

http://www.korealink.co.kr/times/200110/t2001102117193740110.htm

_________________________________________________________________

Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp