Covid-19 India update: Bottlenecks in raw materials supply unlikely to impact vaccine production, says Serum Institute

Scroll for Your Story

Search MORE Story

My Dad revealed how difficult i was !!!! My Aba tells his story about leaving his home in India and
Pumpkin Spinach Artichoke Dip It’s officially pumpkin season! This recipe pairs everyone’s favorite gourd and cheesy dip in a super
Nuance InvestorRoom - Overview Hero StockNASDAQNUAN Global AI leader poised for unprecedented growthGlobal AI leader poised for unprecedented growth Building
Watch Live Covid-19 Tracking Nationwide & Worldwide ...
UN Secretary-General António Guterres on Sunday began a three-day visit to Pakistan, recognizing the country’s decades of “outstanding generosity and
FzMovies site is known for uploading the movies of Hindi, English, Tamil, Telugu, etc. on its site for the users
Russian Su-30 fighter jets escort US B-1B supersonic bombers over Black Sea Russian fighter jets escorted two US Air Force
A Crack In The Floor | Full Horror Thriller Movie | Gary Busey ***This film is under non-exclusive license from
8 Incredible Copycat Recipes From Your Favorite Restaurants how to make copycat red lobster cheddar biscuitsCredit: MyRecipesView RecipeRed Lobster wins
Sky News Breakfast: Questions grow about 'wine time Friday' inside No 10 Sky News Breakfast on Saturday 15 January: -

Explore S.

→ Story You’re Creating or Missing . . .

feel the openness

Your Story here :

125 people 👁️ing this randomly


The initial price, it said, was “kept low globally as it was based on advance funding given by those countries for at risk vaccine manufacturing.”

Coronavirus vaccine in India: The bottlenecks that are present in the supply of some raw materials required for the production of COVID-19 vaccines are unlikely to impact the production of doses at the Pune-based Serum Institute of India in the immediate future, according to a report in The Indian Express. The report cited people familiar with the issue as saying that the company has adequate supplies to ensure that it continues to manufacture doses at the current capacity for the next six months. Serum Institute is playing a key role in providing Covid-19 vaccines to not only India but also to other countries across the globe.

The company is hoping that within the next few months, these bottlenecks would be sorted out.

Recently, Adar Poonawalla, CEO of Serum Institute, had said that the restriction on the export of some items by the US was impacting the scaling up of production of vaccines. He added that he had been focusing on supplying the vaccine via the Covax facilities, but restrictions by the US would be a “serious limiting factor” to that. The institute has stockpiled doses of vaccine but the manufacturers still require things like filters and bags among others.

The Covax facility is a WHO-backed global platform aimed at providing coronavirus vaccines to all countries adequately at affordable prices. Serum Institute is manufacturing Oxford-AstraZeneca’s vaccine under the brand name Covishield and is supplying these globally via Covax as well as its own agreements.

Poonawalla had said that since receiving authorisation in January, the institute had shipped 90 million doses to a whopping 51 nations within a span of two months. However, the institute is still not producing at its full capacity. At present, it is manufacturing 50 million doses a month, but it has been planning to double the production. However, in the absence of a smooth flow of raw materials, the institute cannot scale up production to 100 million doses a month. These raw materials are mostly procured from New Zealand, Australia, and the US, and while there have been no issues in getting raw materials from Australia and New Zealand, some emergency legal provisions in the US to curb the export of these items are causing an issue.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Source


Users & FEED

Search users
Search

Total number of users: 3674

offline 14 mins

lydaokeefe570

0
Comments: 0Publics: 2
offline 41 mins

colemanolivas55

0
Comments: 0Publics: 1
offline 46 mins

earlecleland1

0
Comments: 0Publics: 636
offline 2 hours

malcolmfallon

0
Comments: 0Publics: 0
offline 2 hours

kittyvigano082

0
Comments: 0Publics: 0

Subscribe Some New Users to See FEED

Login or register to view the latest publications and comments from users for which you have subscribed.
0

Publication author

offline 13 hours

SFH Admin

0
SFH Admin
Comments: 0Publics: 12528Registration: 28-10-2019

Leave a Reply

Your email address will not be published.

Authorization
*
*
Registration
*
*
*
Password generation