Thursday, April 8, 2021

AstraZeneca sends legal notice to SII over delays in vax supply

AstraZeneca sends legal notice to SII over delays in vax supply

Rupali.Mukherjee@timesgroup.com

Mumbai:08.04.2021 

The UK-headquartered drug firm Astra-Zeneca has served a legal notice to its manufacturing partner, Pune-based Serum Institute of India, over delays in the supply of its Covid-19 vaccine. The notice comes after Serum Institute delayed shipment of vaccines to the UK, and later did not meet its obligations to other countries that are part of the Covax programme.

Serum Institute has attributed the delay to the Centre’s decision to halt vaccine exports, while its CEO, Adar Poonawalla, according to media reports, said SII would prioritise domestic needs temporarily. In mid-March, the Centre decided to go slow on vaccine exports amidst a huge surge in Covid-19 cases. Demand for vaccines has also jumped after the government broadened its immunisation drive, relaxing the eligibility criteria for the 45-years-plus age group from April 1. A majority of vaccines being administered in India are Covishield (manufactured by SII); the remainder are Bharat Biotech’s Covaxin.

Serum has so far supplied around 100 million doses to the Centre, while it has exported 60 million doses.

Company sources expressed confidence that the matter would be resolved soon, and that the government was aware of it. With a limited supply of vaccines, and demand soaring due to rising Covid-19 cases in certain countries, shortages and supply constraints are being witnessed in many parts of the world.

SII asks govt for ₹3k cr to boost vax output

Starved of funds, Pune-based Serum Institute of India has asked the government for Rs 3,000 crore to ramp up capacity of its vaccine manufacturing facility.

The company, which produces around 65 million doses per month, has so far supplied around 100 million doses to the Centre and exported 60 million jabs. With the surge in demand for vaccines amid rising Covid-19 cases, Serum needs funds to ramp up capacity to 100 million doses a month from May. It is providing the shot at a subsidised rate of around Rs 150 to the government, significantly less than what it charges for exports. TNN

No comments:

Post a Comment

NEWS TODAY 16.11.2024