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Ocugen to co-develop Bharat Biotech's Covid-19 vaccine candidate for US

Drug developer Ocugen said it had partnered with Bharat Biotech to co-develop the India-based company's Covid-19 vaccine candidate for the US market

Covaxin, bharat biotech, covid, coronavirus, vaccine, drugs, medicine, pharma

Representational image of Bharat Biotech's Covid-19 vaccine candidate

Reuters
(Reuters) - Drug developer Ocugen Inc said on Tuesday it had partnered with Bharat Biotech to co-develop the India-based company's COVID-19 vaccine candidate for the U.S. market.
The vaccine candidate, Covaxin, showed it was safe and triggered immune responses in an ongoing early-stage trial on Wednesday and is currently part of a late-stage trial in India. (https://reut.rs/37G47eD)
Under the partnership terms, Ocugen said it would have U.S. rights to the vaccine candidate and be responsible for clinical development, registration, and commercialization for the U.S. market.
Bharat Biotech is developing Covaxin with the government-run Indian Council of Medical Research (ICMR) and has sought emergency-use authorization from the Indian drug regulator.
Shares of Ocugen surged 10% to 32 cents in trading before the bell.
 
(Reporting by Trisha Roy in Bengaluru; Editing by Anil D'Silva)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 22 2020 | 7:18 PM IST

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