Serum Institute Starts Covovax Production; Govt Expects 200 Mn Doses By Dec

of India (SII) said on Friday that production of the first batch of Covovax, the Covid-19 vaccine developed by US-based Novavax, has started in Pune.

The Centre expects 200 million doses of Covovax to be available between August and December. India will allow entry of this vaccine once the USFDA approves it.

In a tweet, on its official handle, the company said, “A new milestone has been reached; this week we began our first batch of Covovax at our facility, here in Pune.”

The company has been stockpiling Covovax doses for some time now. This was in small volumes, SII clarified. The target monthly production of Covovax is 50 million. The company is expected to scale up to that level by the September quarter, claim sources.

Meanwhile, SII has also indicated that it plans to start clinical trials on children for Covovax in July.

chart



Novavax had said this month that it got promising results from its PREVENT-19 phase 3 trials in the US and Mexico, with an overall efficacy of 90.4 per cent.

The vaccine candidate NVX-CoV2373 has shown 100 per cent protection against moderate and severe disease as well as 90.4 per cent efficacy overall. It also met the primary endpoint in the PREVENT-19 phase 3 trials, the company had said in a statement.

Novavax will file regulatory authorisations in the third quarter (of the calendar year), it added. Upon regulatory approvals, the company said it is on track to reach manufacturing capacity of 100 million doses a month by the end of the third quarter and 150 million doses per month by the fourth quarter of 2021.

SII chief executive officer (CEO) Adar Poonawalla had earlier said that shortage of raw material supplies from the US had affected the scale up plan for Covovax.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more