AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

India's Bharat Biotech to supply its COVID-19 vaccine to Brazil

  • India's drug regulator has given emergency use approval to Bharat Biotech's COVAXIN, as well as to AstraZeneca and Oxford University's Covishield vaccine.
  • Bharat Biotech said it has signed an agreement with a Brazil-based pharmaceutical seller, Precisa Medicamentos, to supply COVAXIN.
Published January 12, 2021

NEW DELHI: India's Bharat Biotech has signed an agreement with a medicine distributor to supply its COVID-19 vaccine to Brazil, it said on Tuesday, even as the shot's emergency use approval in its home country has faced criticism.

India's drug regulator has given emergency use approval to Bharat Biotech's COVAXIN, as well as to AstraZeneca and Oxford University's Covishield vaccine, which is being produced by the Serum Institute of India.

But health experts and opposition lawmakers have criticised approval of COVAXIN due to a lack of efficacy data, which the manufacturer is still conducting.

Bharat Biotech said it has signed an agreement with a Brazil-based pharmaceutical seller, Precisa Medicamentos, to supply COVAXIN.

"It is understood between both parties that supplies of COVAXIN (are) to be prioritised for the public market, through a direct procurement by the government of Brazil," the Indian company said in a statement.

Criticism of India's approval of the vaccine has grown after news that a regulatory panel approved the shot just one day after asking the vaccine maker for more evidence it would work.

Bharat Biotech, which developed COVAXIN with the Indian Council of Medical Research (ICMR), said supplies to the private market would depend on authorization from the Brazilian regulatory authority.

Brazil has registered over 8 million cases of the virus since the pandemic began, while the official death toll has risen over 203,000, the world's second-deadliest coronavirus outbreak.

Brazil has signed agreements to receive other COVID-19 vaccines. Authorities there are facing growing pressure to speed up the vaccine rollout, which is lagging regional peers. Mexico, Chile and Argentina have already begun immunizations.

Comments

Comments are closed.