Corona Vaccine: Bharat Biotech signs pact with Brazil for supply of Covaxin

New Delhi, Jan 12: Bharat Biotech on Tuesday said it has signed an agreement with Precisa Medicamentos for the supply of its COVID-19 vaccine 'Covaxin' to Brazil.

Covaxin has been developed by Bharat Biotech in collaboration with the Indian Council of Medical Research and National Institute of Virology, the company said in a statement.

"The COVID-19 pandemic has affected humanity at large. As a company determined to protect global public health, it has always been important for us to develop vaccines for a global cause," Bharat Biotech Chairman and MD Krishna Ella said.

Covaxin is an innovation and a perfect example of novel product development from India, he added.

"Covaxin has generated excellent safety data with robust immune responses to multiple viral proteins that persist. We are happy to note that vaccines innovated in India are able to address the public health needs of Brazil," Ella said.

On the development, Precisa Medicamentos pharmaceutical Director Emanuela Medrades said: "We identified highly technological, scientific and sanitary control levels. There were also excellent outcomes in clinical trials, which will be published soon. Bharat Biotech has exceeded our expectations, demonstrating quality and safety at the level of the largest vaccine suppliers in the world."

Covaxin is developed and manufactured in Bharat Biotech's BSL-3 bio-containment facility, the statement said.

The government on Tuesday said it is procuring 55 lakh doses of Covaxin, which are expected to be received by January 14.