In a bid to locally make raw materials for biotherapeutics and vaccines, Bharat Biotech International, along with two other companies, on March 29 tied up with the CSIR-Indian Institute of Chemical Technology (CSIR-IICT).
Bharat Biotech signed a master collaborative agreement with Biovet and Sapigen Biologix. Under the agreement, all the firms would provide necessary financial support to CSIR-IICT for developing key raw materials, reported Mint.
Bharat Biotech to expand manufacturing capacity to meet Covaxin demand: Report
Apart from providing financial support, the firms would also perform in vitro and in vivo studies for further development of potential vaccine candidates. They will also conduct research work together to design bio-therapeutic formulations.
“The US has put restrictions on some raw materials. It can’t be exported to other countries… Actually, we are not able to get one of the raw materials we need from the US and Sweden. A lot of restrictions are coming in but we need to anticipate this sort of thing in future. That is one of the reasons why we decided to partner," the business daily quoted Bharat Biotech chairman Krishna Ella as saying.
Ella further elaborated that the tie-up between the firms is not only to develop COVID-19 vaccines and bio-therapeutics but also for the development of other vaccines. The tie-up would also ensure the development of platforms such as inactivated and messenger RNA vaccines.
Adding more, Ella emphasised the importance of tie-up as it would promote domestic manufacturing of raw materials such as beta propiolactone and thimerosal, which are both imported from Germany.
Currently, Bharat Biotech uses beta propiolactone to inactivate the novel coronavirus in its COVID-19 vaccine Covaxin. It also uses thimerosal as a preservative.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
