"Serum Institute's Covishield vaccine candidate has been given an in-principle nod from the expert panel and now the drug regulator needs to approve it. This would be a restricted emergency use authorisation with some conditions," said the source.
While US giant Pfizer did not come to present its case on Friday before the Subject Expert Committee (SEC), Hyderabad-based vaccine major Bharat Biotech has presented its case. The meeting is still on and an official update is expected soon.
Bharat Biotech has sought approval based on data from phase-1 and 2 trials and has also submitted some interim data from their ongoing phase-3 trials. Covaxin, their vaccine candidate, is based on whole inactivated virus vaccine platform, which is an old technology. Covishield, on the other hand, is based on monkey adenoviral (flu) vector candidate.