Corning to get additional U.S. government funding to boost vial production for COVID-19 vaccines

A screen displays the logo for Corning Inc. at the NYSE in New York
FILE PHOTO: A screen displays the logo for Corning Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid

March 26, 2021

(Reuters) – Corning Inc said on Friday it would receive an additional funding of $57 million from the U.S. government to increase its domestic manufacturing capacity of pharmaceutical glass tubing and vials to support the development of COVID-19 vaccine.

The new funding is in addition to a $204 million contract the company received in June 2020, Corning said.

(Reporting by Dania Nadeem in Bengaluru; Editing by Vinay Dwivedi)