Thursday, 19 May 2022

Health Ministry inks Rs 1500 Cr deal with Biological E for 30 Cr vaccine doses

03 June 2021 | News

The vaccines will be manufactured and stockpiled by Biological-E from August-December 2021

Image credit: Shutterstock.com

Image credit: Shutterstock.com

Union Ministry of Health has finalised arrangements with Hyderabad- based vaccine manufacturer Biological-E to reserve 30 crores of COVID-19 vaccine doses. These vaccine doses will be manufactured and stockpiled by Biological-E from August-December 2021. For this purpose, the Union Ministry of Health would be making an advance payment of Rs 1500 crore to Biological-E.

The COVID-19 vaccine of Biological-E 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 an RBD protein sub-unit vaccine and is likely to be available in the next few months.

The proposal of 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 Biological-E is part of the wider endeavour of the Government of India to encourage indigenous vaccine manufacturers by providing them support in Research & Development (R&D) and also financial support. 

Biological-E COVID Vaccine candidate has been supported by the Government of India from the 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 crore but has also partnered with Biological-E to conduct all animal challenge and assay studies through its Research Institute Translational Health Science Technology Institute (THSTI), Faridabad.

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