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For this purpose, the Ministry of Health would be making an advance payment of ₹1,500 crore.
The vaccine of Biological-E was currently undergoing Phase-3 clinical trial after it showed promising results in Phase 1 and 2 clinical trials. The RBD protein sub-unit vaccine is likely to be available in the next few months.
“The proposal of M/s Biological-E was examined and recommended for approval after due diligence by National Expert Group on Vaccine Administration for COVID-19 (NEGVAC),” the Ministry said.
It added that the arrangement with the manufacturer is part of the wider endeavour of the government to encourage indigenous vaccine makers by providing them support in Research & Development and also financial support.