Moderna cancels Japan mRNA plant plans amid weak demand
YURIKA YONEDA
TOKYO -- U.S. drugmaker Moderna has scrapped plans to build a messenger RNA (mRNA) vaccine plant in Japan, citing sluggish vaccine demand and poor business performance.
"After careful consideration in light of the current business environment, we have decided not to proceed with this plan at this time," Moderna's Japanese subsidiary stated in a news release on Friday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
23 minutes ago
- Nikkei Asia
Nissan fans stay loyal but worry about turmoil: Nikkei poll
Nissan has made no full redesigns of flagship models since 2022, leaving it struggling to draw customers to dealerships. © Reuters TAKAKO FUJIU and RISAKO KOJIMA TOKYO -- As Nissan Motor grapples with sluggish sales, exacerbated by a lack of fresh offerings, Nikkei asked current drivers of Nissan cars whether they will stick with the Japanese automaker despite its tribulations. When asked what car they want to drive next, 58% of the 104 respondents said they plan to go with Nissan again. Of the rest, 12% look to switch to a model from Toyota Motor and 8% to Honda Motor, with some others naming imported brands such as BMW and Mercedes-Benz.
Nikkei Asia
an hour ago
- Nikkei Asia
Foreign buyers' growing sway in ultralong JGBs raises stability risks
TOKYO -- The market for ultralong-term Japanese government bonds (JGBs) is becoming increasingly reliant on international investors drawn to relatively low prices and a steep yield curve, raising concerns about potential risks posed to supply and demand stability. Foreign investors bought 1.5 trillion yen ($10.2 billion) in ultralong JGBs on a net basis in June, according to data released Tuesday by the Japan Securities Dealers Association. This is the third-highest monthly tally in QUICK data going back to 2004, behind only April and March of this year. For the January-June half, foreign investors bought 8.8 trillion yen more in bonds than they sold.
Nikkei Asia
3 hours ago
- Nikkei Asia
EU's von der Leyen eyes rare-earth mining with Japan
BRUSSELS -- The European Union seeks to form a "competitiveness alliance" with Japan that involves working together to mine rare-earth elements, European Commission President Ursula von der Leyen told Nikkei recently. Von der Leyen visits Japan for two days starting Tuesday. Japanese Prime Minister Shigeru Ishiba will hold a summit with von der Leyen and European Council President Antonio Costa on Wednesday.
