Covid Vaccine Update: In order to meet a strict vaccination target, the government has reserved 30 crore doses of Hyderabad-based Biological-Covid E's vaccine, which is still in clinical trials. The Health Ministry will make a 1,500-crore advance payment to the company for what will be the country's second made-in-India vaccine, following Bharat Biotech's Covaxin.
The doses will be manufactured and stored by Biological-E from August to December and are expected to be available "in the next few months," says the ministry.
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The move comes amid widespread criticism of the Centre's vaccination policy, which fell short when India was hit by a second wave of Covid in March-April. The government had to halt Covid shot exports under its "Vaccine Maitri" programme and scramble to obtain more doses to address the country's shortage. The slow roll-out has become a major source of concern, with experts predicting the third wave of Covid.
After showing promising results in Phase 1 and 2 clinical trials, Biological-COVID-19 E's vaccine is currently undergoing Phase 3 clinical trials, said the government in a statement.
The government also stated that the Department of Biotechnology provided 100 crores in financial assistance to Biological-E’s shot as well as partnering with the company to conduct various studies.
According to the statement, this is part of the government's mission to support five or six new COVID-19 vaccine candidates.
Apart from Covaxin and Serum Institute of India’s Covishield, Russia's Sputnik V will soon be used to vaccinate people as the government races to meet a target of one crore vaccinations per day by August. It is also in discussions with foreign manufacturers such as Pfizer and Moderna, who have insisted on an indemnity clause.
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The centre said, “The arrangement with Biological-E is part of the wider endeavour of Government of India to encourage indigenous vaccine manufacturers by providing them support in Research & Development (R&D) and also financial support”.
Biological-E's indigenous was recommended for endorsement by the National Expert Group on Vaccine Administration for COVID-19 or NEGVAC.