STOCK MARKET BSE NSE

Serum Institute of India to start manufacturing Oxford varsity's COVID-19 vaccine in 3 weeks

The Indian regulatory authorities are working with the company to ensure smooth procedural functioning.

Published: 26th April 2020 01:56 PM  |   Last Updated: 26th April 2020 08:30 PM   |  A+A-

Vaccine shots

For representational purposes (File Photo | AP)

By PTI

NEW DELHI: Vaccine major Serum Institute of India on Sunday said it plans to start production of the COVID-19 vaccine developed by Oxford University in the next two to three weeks and hopes to bring it to the market by October if the human clinical trials are successful.

The Pune-based company has partnered with Oxford University as one of the seven global institutions manufacturing the vaccine.

"Our team has been working closely with Dr Hill from Oxford University, and we are expecting to initiate production of the vaccine in 2-3 weeks and produce 5 million doses per month for the first 6 months, following which, we hope to scale up production to 10 million doses per month," Serum Institute India (SII) CEO Adar Poonawalla said.

SII has collaborated with scientists at Oxford University for a malaria vaccine project in the past and can say with certainty that they are some of the best scientists, he added.

"We expect the (COVID-19) vaccine to be out in the market by September - October, only if the trials are successful with the requisite safety and assured efficacy. We will be starting trials in India for this vaccine hopefully over the next 2-3 weeks' time," Poonawalla said.

FOLLOW CORONAVIURS LIVE UPDATES HERE

SII will be manufacturing the vaccine in anticipation of clinical trials succeeding by September - October in the UK, he added.

ALSO WATCH

"Following that, we have undertaken the decision to initiate manufacturing at our own risk. The decision has been solely taken to have a jump-start on manufacturing, to have enough doses available, if the clinical trials prove successful," Poonawalla said.

The company plans to initiate the trials in India for the vaccine with necessary regulatory approvals, which are underway presently.

"Keeping the current situation in mind, we have funded this endeavour at a personal capacity and hopefully will be able to enlist the support of other partners to further scale-up the vaccine production," Poonawalla said.

The vaccines will be manufactured at the company's facility in Pune.

Building a new facility for COVID-19 vaccine would have taken around 2-3 years, he added.

The Indian regulatory authorities are working with the company to ensure smooth procedural functioning.

"We are in touch with the Department of Biotechnology (DBT) and ICMR," Poonawalla said.

The company had earlier said it will not patent any COVID-19 vaccine which it develops.

Asked about the decision, Poonawalla reiterated, "We will not patent Serum's vaccine for COVID-19 and will make it available for all to produce and sell, not just in India but across the world."

Whosoever makes and develops the vaccine will need multiple partners to manufacture the vaccine, he added.

"I hope that whichever company develops the vaccine does not get it patented and makes it available based on royalties or a commercial understanding to as many manufacturers across the world to make billions of dosages at a fast pace," Poonawalla said.

Death toll due to COVID-19 has crossed 200,000 globally, with the number of infections at over 2.8 million.

In India, the coronavirus has claimed over 800 lives and the number of cases has crossed the 26,000-mark.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp