Explorer

Hyderabad's Vaccine Capacity To Soar To 14 Billion Doses

Hyderabad currently accounts for one-third of global vaccine production with a capacity of about 9 billion doses per annum.

Hyderabad:  Hyderabad's vaccine capacity is to increase by more than 50 per cent to 14 billion doses, the highest for any region in the world, as the city-based Biological E on Thursday announced their expansion plans.The vaccine maker will invest more than Rs 1,800 crore in its facilities in Genome Valley.

This will cement further Hyderabad's position as 'vaccine capital of the world'.

Hyderabad currently accounts for one-third of global vaccine production with a capacity of about 9 billion doses per annum. This investment from Biological E will enhance the capacity by 5 billion doses increasing the cumulative capacity to about 14 billion doses each year.

The expansion is primarily targeted to ramp up the manufacturing of vaccines along with generic Injectables and R&D.

This expansion is expected to create more than 2,500 new jobs.

The announcement was made after Industry Minister K.T. Rama Rao's meeting with leadership of Biological E Managing Director Mahima Datla.

Also read| Erode Egg Donation: Madras HC Allows To Reopen Fertility Clinic Sealed By TN Govt

The company said this investment would be focused on manufacturing of Janssen Covid vaccine, MR vaccine, PCVA vaccine, Typhoid vaccine, Covid vaccine, Tetanus Toxide Ampoules, IPV vaccine and Pertussis vaccine, biological APIs and formulations.

All of these activities will be located in Genome Valley, which is India's first organised cluster for Life Sciences R&D and Clean Manufacturing activities, with world-class infrastructure facilities in the form of Industrial/Knowledge Parks, Special Economic Zones (SEZs), Multi-tenanted dry and wet laboratories and incubation facilities.

Genome Valley is home to more than 200 companies with a scientific workforce of about 15,000 professionals including presence of the marquee global names like Novartis, GlaxoSmithKline, Ferring Pharma, Chemo, DuPont, Ashland, United States Pharmacopeia, Lonza amongst many others.

Biological E has secured funding from US International Development Finance Corporation (DFC) to the tune of $50 million to expand the company's capacity to produce Covid-19 vaccines.

It has also developed one of the indigenous vaccines for Covid-19 in the country - Corbevax. The vaccine has also received nod from the Drugs Controller General of India (DCGI) for emergency use authorisation for the 5-12-year age group.

 

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Another Body Recovered From Mohali Building Collapse Site, Death Toll Rises To 2; FIR Against Building Owners
Another Body Recovered From Mohali Building Collapse Site, Death Toll Rises To 2
Modi In Kuwait: PM Meets Emir, Attends Arabian Gulf Cup Opening Ceremony
Modi In Kuwait: PM Meets Emir, Attends Arabian Gulf Cup Opening Ceremony
India Will Do What's Right For National Interest Without Being Forced To Conform: Jaishankar
India Will Do What's Right For National Interest Without Being Forced To Conform: Jaishankar
India Condemns Christmas Market Attack In Germany, MEA Says ‘Mission In Contact With Injured Indians’
‘Horrific, Senseless’: MEA On German X-Mas Market Attack, Says Mission In Contact With Indians
Advertisement
ABP Premium

Videos

Mamata Machinery IPO Opens for Subscription, Closes on Dec 23, Expected Listing on Dec 27Complete Farmer Registry Update by Dec 31 to Receive PM Kisan 9th InstallmentWoman Dies in Mohali Building Collapse, Rescue Operations UnderwayHuge Black Money Seized in Madhya Pradesh Lokayukta Raids, Over Rs 7.98 Crore Discovered

Photo Gallery

Embed widget