Govt grants Rs 24 crore to Epygen Biotech to begin cost-effective COVID vaccine trials
The vaccine will be made available to the government as well as for private consumption and is expected to hit the Indian market by the end of 2022 or early 2023, it added.;
New Delhi: Epygen Biotech on Monday said it has received a funding of Rs 24 crore from the Department of Biotechnology to initiate trials for a new COVID vaccine.
With an anticipated price point of less than Rs 150 per dose, this will be the first time an Indian company will be able to adopt the highly productive C1-cell protein production platform, which has been demonstrated by the scientists at the European Union Zoonotic Anticipation and Preparedness Initiative (ZAPI) program, Epygen Biotech said in a statement.
The company said it has received funding to initiate the Phase I and Phase II trials of an indigenous affordable Receptor-Binding Domain (RBD) based vaccine against the present and future SARS-CoV–2 variants.
This vaccine will be made available to the government as well as for private consumption and is expected to hit the Indian market by the end of 2022 or early 2023, it added.
The company plans to initially produce a minimum of 100 million doses of this vaccine to help address health disparity in the subcontinent, it noted.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.