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CDSCO grants loan license to PSU for supplying Covaxin drug substance to Bharat Biotech
New Delhi: Hyderabad-based PSU Indian Immunologicals Limited has received a loan license from drug regulator CDSCO for supplying to Bharat Biotech Covaxin drug substance produced at its repurposed facility, the Department of Biotechnology (DBT) said on Friday.
The DBT and the Biotechnology Industry Research Council (BIRAC), under Mission Covid Suraksha, launched a project to augment the production capacity of Covaxin, the anti-coronavirus vaccine developed by Bharat Biotech.
"Indian Immunologicals Limited, Hyderabad is the first site under this project to receive from CDSCO (Central Drugs Standard Control Organisation) a loan license for supplying Covaxin drug substance produced at its repurposed facility to Bharat Biotech," the DBT said.
IIL is one of the three public sector undertakings to have been tasked with manufacturing Covaxin doses. It supplied the first lot of commercial Covaxin drug substance to Bharat Biotech on Friday.
Read also: Over 70 million Covaxin doses supplied, more in pipeline: Bharat Biotech
Initially, the IIL will produce 2-3 million doses per month, followed by another 4-5 million doses from its new facility at Karkapatla over the next few weeks.
Secretary, DBT and BIRAC chairperson Renu Swarup said the government has worked relentlessly to provide all possible support for ramping up Covaxin production in the country and speed up the Covaxin inoculation drive.
"The loan license agreement by CDSCO for Indian Immunologicals to produce Covaxin drug substance is a major milestone achieved in a very short span of time.
"The DBT-BIRAC support under Mission Covid Suraksha aims to meet the COVID-19 vaccine requirement of our country. I congratulate the team for the efforts put in for this achievement," she said.
Read also: Bharat Biotech study on Covaxin, nasal COVID jab cocktail gets DCGI nod: Report
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751