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After US market, Bharat Biotech ties up with Ocugen for Covaxin sale in Canada | India News


HYDERABAD: Indigenously developed Covid-19 vaccine Covaxin is now eyeing the Canadian market with Bharat Biotech and its US partner Ocugen extending their US pact for Covaxin to include Canada as well.
Bharat Biotech and Ocugen on Thursday said they have entered into an amendment to their co-development, supply, and commercialization agreement to expand Ocugen’s exclusive territory to commercialize Covaxin to also include Canada, in addition to its existing rights to commercialise Covaxin in the United States.
As part of this amended deal, just like the US, Ocugen will make an upfront payment and milestone payment upon first commercial sale in Canada to Bharat Biotech. Ocugen will get to retain 45% of the profits from Covaxin sales in Canada while Bharat Biotech will get 55% share of the profits. ....

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