Centre places order for 30 crore doses of Biological E's COVID-19 vaccine after Rs 1,500 crore deal

Published : Jun 03, 2021, 09:53 AM IST
Centre places order for 30 crore doses of Biological E's COVID-19 vaccine after Rs 1,500 crore deal

Synopsis

In a key development on Thursday, the Health Ministry announced that it had placed orders to procure 30 crore doses of Biological E's Covid-19 vaccine. ย 

The Union Ministry of Health has finalised arrangements with Hyderabad based vaccine manufacturer Biological-E to reserve 30 crore of Covid-19 vaccine doses. These vaccine doses will be manufactured and stockpiled by M/s Biological-E from August-December 2021.

The health ministry will make an advance payment of Rs. 1500 crore to the company.

Biological-E's covid vaccine is currently undergoing Phase-3 clinical trial after showing promising results in Phase 1 and 2 clinical trials. The vaccine being developed by Biological-E is a RBD protein sub-unit vaccine and could be available in the next few months.

ย ย This is expected to boost India's vaccination drive which has slowed down in some states owing to a paucity of doses.

A Union Health Ministry statement read, "Biological-E COVID Vaccine candidate has been supported by Government of India from Preclinical stage to Phase-3 studies. Department of Biotechnology has not only provided financial assistance in terms of grant-in-aid of over Rs.100 cr but has also ย partnered with Biological-E to conduct all animal challenge and assay studies through its Research Institute Translational Health Science Technology Institute (THSTI), Faridabad. This has been undertaken as part of Government of India's โ€˜Mission COVID Suraksha- the Indian COVID-19 Vaccine Development Missionโ€™ which was launched to reinforce and accelerate COVID-19 vaccine development efforts as part of the third stimulus package, Atmanirbhar 3.0."

The proposal of M/s Biological-E was examined and recommended for approval after due diligence by the National Expert Group on Vaccine Administration for Covid-19 (NEGVAC).

The arrangement with M/s Biological-E is part of the wider endeavour of the government to encourage indigenous vaccine manufacturers by providing them support in Research & Development (R&D) and also financial support.ย 

Biological-E covid vaccine candidate has been supported by government preclinical stage to Phase-3 studies. The Department of Biotechnology has not only provided financial assistance in terms of grant-in-aid of over Rs 100 crore but has also partnered with Biological-E to conduct all animal challenges and studies, the health ministry said.

This has been undertaken as part of Government of India's โ€˜Mission COVID Suraksha- the Indian COVID-19 Vaccine Development Missionโ€™ which was launched to reinforce and accelerate Covid-19 vaccine development efforts, the government said.

NOTE: Asianet News humbly requests everyone to wear masks, sanitize, maintain social distancing and get vaccinated as soon as eligible. Together we can and will break the chain #ANCares #IndiaFightsCorona

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