Pharmaceutical firm Bharat Biotech would expand its manufacturing capacity to meet the demand for Covaxin, CNBC TV18 reported on March 25.
Covaxin is one of the two COVID-19 vaccines approved so far by the Indian health regulator. The anti-coronavirus shot is currently being manufactured at the Hyderabad-based plant of Bharat Biotech.
The company would soon launch a new production facility in Malur Kolar district of Karnataka, while ramping up the existing manufacturing capacity in Hyderabad, the channel reported citing sources.
The production at the Malur Kolar plant would begin shortly after it is officially launched. The manufacturing capacity at the plant would be raised five-fold till July-end, the report added.
#CNBCTV18Exclusive | Sources say @BharatBiotech to expand its manufacturing capacity; expansion to help meet new orders & demand for #Covaxin @TimsyJaipuria pic.twitter.com/Rz98NaVXlf— CNBC-TV18 (@CNBCTV18Live) March 25, 2021
The capacity of the Hyderabad-based plant would also be doubled by May, it further said.
The government-appointed inter-ministerial panel on vaccine manufacturing augmentation has reviewed the facilities of Bharat Biotech, the report added.
Currently, the company is producing 40 lakh doses of Covaxin per month at its Hyderabad plant.
The domestic demand for vaccine is expected to further shoot up next month, as the government has allowed all citizens aged above 45 to take the jabs from April 1. Currently, the immunisation drive is restricted to only senior citizens aged above 60 and 45-plus with comorbidities.