Hester Biosciences jumped 14.1% to Rs 2820 after the company announced that it has tied up with the Government of Gujarat and with Omnibrx for manufacturing COVID vaccine.A triparty consortium has been formed between Hester Biosciences, Gujarat Biotechnology Research Centre, Department of Science & Technology, Government of Gujarat and Omnibrx to explore the prospects of manufacturing the Covid vaccine through technology from Bharat Biotech.
Government of Gujarat is the lead partner in the triparty consortium. The discussions are currently on-going with Bharat Biotech towards reviewing the infrastructure at Hester, the technology adaption process and the regulatory compliances. Based on the outcome of the review, the next course of action will be determined.

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