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Brazil suspends Bharat Biotech s Covaxin order over graft allegations | India News
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Brazil suspends $324 million Covaxin contract due to irregularities
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Brazil to cancel COVID vaccine agreement with India s Bharat Biotech Business and Economic News
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No wrongdoing, followed legal process for approval : Bharat Biotech after Brazil cancels deal to buy Covaxin doses
The contract for the acquisition of the Covaxin vaccine was signed by the two sides in February for the import of 20 million doses of vaccine by Bharat Biotech.
Updated: Wed, 30 Jun 2021 01:16 PM IST
New Delhi | Jagran News Desk: The Brazilian government on Wednesday announced a temporary suspension of its 20 million doses COVID-19 vaccine contract with Bharat Biotech following allegations of irregularities in the deal, with the Indian drugmaker insisting that it has not received any advance payments.
The city-based firm said it has not received any advance payments and that the company has followed a similar approach in Brazil towards contracts, regulatory approvals and supplies in several countries worldwide, where Covaxin is being supplied successfully.
Covaxin pricing clearly established : Bharat Biotech clarifies on Brazil deal row
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