Labor Commits $1.5 Billion to Domestic Medical Manufacturing

A health care worker fills a syringe with the Pfizer vaccine on the opening day of a COVID-19 mass vaccination clinic at the Perth Convention and Exhibition Centre in Perth, Australia on Aug. 16, 2021. AAP Image/Richard Wainwright

Australian Labor party’s leader Anthony Albanese has announced his plan to create a new $1.5 billion (US$105 billion) fund to secure Australia’s medical goods supply chains.

The money would be used to boost domestic medical manufacturing capability, such as creating medical technologies, producing rapid antigen tests, and creating vaccines.