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Bharat Biotech said it followed a "step-by-step" approach for the regulatory approval and supply contract of its Covid vaccine in Brazil, and it has not received advance payments
The sharp cuts in vaccine supply projections are baffling
Brazil senate probing the president's handling of the pandemic; country signed a contract with the Indian firm to purchase 20 million doses for $325 million.
Brazil officials are investigating the deal with the Indian company, citing the fact that the government struck a speedy agreement and ignored offers from Pfizer in 2020.
States should not aim to artificially push vaccination numbers
Brazil's federal prosecutor's office is investigating possible irregularities in a Health Ministry contract to purchase 20 million doses of the Covaxin vaccine manufactured by Bharat Biotech
Strap: Business Standard brings you the top headlines on Wednesday
The vaccine has shown an efficacy rate of 93 per cent against severe disease and 60 per cent against asymptomatic Covid-19
Covaxin in trials already, Serum slated to start testing Novavax by July
This comes as a major boost for Bharat Biotech
Here are the best of Business Standard's opinion pieces for Thursday
The cost of logistics is built into the final price of the vaccine, especially when supplying to the private sector
Health ministry says this has been used for decades in Polio, Rabies, and Influenza vaccines, is neither used in growth of SARS CoV2 virus nor in the final formulation
Govt and vaccine makers should be transparent
However, the final formulation of its Covid-19 vaccine Covaxin is free from all impurities, the firm said
Bharat Biotech's US and Canada partner for Covaxin, said it has chosen Jubilant HollisterStier of Spokane, Washington as its manufacturing partner for the vaccine for the North American countries
Higher price in private market required to offset part of the costs, argues firm
Fundamental business reasons ranging from low procurement volumes, high distribution costs and retail margins among few others contribute to higher pricing of Covaxin, Bharat Biotech said
New Covid strain on world radar stems from Delta variant, Covaxin is world's third costliest jab and more-news relevant to India's fight against the pandemic