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India will receive the first batch of Sputnik V COVID-19 vaccine by May 1 — in time for the third phase of its vaccination drive
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Sensex slips 202 points, ends below 48K
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NEW DELHI: Johnson & Johnson s single-shot coronavirus vaccine is expected to be imported to India for fill and finish by June or July this year, said Renu Swarup, Secretary, Department of Biotechnology, Ministry of Science and Technology on Thursday. The Johnson & Johnson s vaccines are expected to be imported to India by June-July 2021. Johnson & Johnson s is working closely with Biological E to facilitate the ongoing tech transfer to India, Swarup told ANI.
Talking about the vaccine, Swarup said that Johnson & Johnson s vaccine candidate leverages the adenovirus vector-based delivery system. To expand the manufacturing capacity in India, Johnson & Johnson has signed a tech-transfer agreement with Biological E Limited, for the manufacturing of their investigational single dose, SARS-CoV-2 vaccine candidate, Ad26.COV2.S. This would add to the manufacturing capacity of India, she said.
Shares of Panacea Biotech were locked in the 10 per cent upper circuit for the second straight day, at Rs 323.70, hitting an over 12-year high on the BSE on Thursday. The stock of the biotechnology company was trading at its highest level since August 2008. It had hit a record high of Rs 487 on April 21, 2006.
Thus far in the month of April, the market price of Panacea Biotech has zoomed 83 per cent after the company and the Russian Direct Investment Fund (RDIF) agreed to produce 100 million doses of Sputnik V vaccine in India per year. In comparison, the S&P BSE Sensex has slipped 4.4 per cent so far in the current month.
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