No cost obtained from Brazilian authorities, ‘step-by-step’ strategy adopted: Bharat Biotech on Covaxin deal

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Following the non permanent suspension of Bharat Biotech’s cope with Brazil for 20 million doses of Covaxin Covid vaccine, the pharmaceutical firm has clarified that it has not but obtained any cost from the Brazilian authorities.

“As of June 29, 2021, no advance payment has been received to Bharat Biotech and no vaccines have been supplied to the Ministry of Health,” the corporate assertion stated.

Regarding pricing of the dosage, the corporate stated, “The worth of Covaxin for provide to governments exterior India has been clearly established between $15-20 per dose. The worth for Brazil can be indicated at $15 per dose,” information company PTI reported.

It stated Bharat Biotech adopted a “step-by-step approach” to the contracts and regulatory approvals in an eight-month-long course of. “A uniform approach to contracts, regulatory approvals and supplies in many countries around the world where Covaxin is being supplied successfully,” the corporate stated within the assertion.

Bharat Biotech obtained emergency use approval in Brazil on June 4, after Brazil’s nationwide well being monitoring company Anvisa allowed the import of the COVID vaccine with sure circumstances.

On Wednesday, Brazil’s Health Minister Marcelo Quiroga introduced that the corporate had briefly suspended its cope with the Hyderabad-based pharmaceutical firm following allegations of irregularities within the deal.

“As per CGU’s preliminary analysis, there is no irregularity in the contract, but due to non-compliance, @minsaude opted to suspend the contract for further analysis,” the well being minister tweeted.

Stating that the choice didn’t have an effect on Brazil’s vaccination marketing campaign, Quiroga stated, “It is remarkable that @govbr paid no cents for the Covaxin vaccine.”

Before that, two Testimony by whistleblower earlier than parliamentary panel Blame President Jair Bolsonaro and his highly effective coalition chief for agreeing to purchase the Indian vaccine at an allegedly larger worth than different choices out there available in the market – that too, when native regulatory approvals have been missing.

In response, the corporate had stated, “We strongly deny and deny any allegation or implication of any wrongdoing in connection with the supply of Covaxin.” The firm additionally stated that Madison Biotech was its world gross sales and advertising unit, Reuters reported.

With enter from businesses

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With inputs from TheIndianEXPRESS

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