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IFC Supports BioE to expand access to low-cost vaccines in developing countries Format E-mail: [email protected] New Delhi, India, 17 December, 2020 An investment in one of India’s top vaccine manufacturers, Biological E Limited (BioE), will expand access to low-cost vaccines for children in developing countries and help increase production of a COVID-19 vaccine when developed, a key step in saving lives and restarting economies. IFC, a member of the World Bank Group, is providing a senior loan of up to $30 million to BioE to support the Hyderabad-based company’s expansion of its range of low-priced, generic vaccines for routine immunization of children. Furthermore, the financing package aims to support the production of new vaccines and boost the company’s capacity for manufacturing any future COVID-19 vaccine. ....
Thursday, 17 December 2020, 7:23 pm An investment in one of India’s top vaccine manufacturers, Biological E Limited (BioE), will expand access to low-cost vaccines for children in developing countries and help increase production of a COVID-19 vaccine when developed, a key step in saving lives and restarting economies. IFC, a member of the World Bank Group, is providing a senior loan of up to $30 million to BioE to support the Hyderabad-based company’s expansion of its range of low-priced, generic vaccines for routine immunization of children. Furthermore, the financing package aims to support the production of new vaccines and boost the ....