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Centre explores possibility of Covaxin production outside India
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Govt exploring possibility of Covaxin production outside India | India News
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Hester Biosciences jumped 14.1% to Rs 2820 after the company announced that it has tied up with the Government of Gujarat and with Omnibrx for manufacturing COVID vaccine.A triparty consortium has been formed between Hester Biosciences, Gujarat Biotechnology Research Centre, Department of Science & Technology, Government of Gujarat and Omnibrx to explore the prospects of manufacturing the Covid vaccine through technology from Bharat Biotech.
Government of Gujarat is the lead partner in the triparty consortium. The discussions are currently on-going with Bharat Biotech towards reviewing the infrastructure at Hester, the technology adaption process and the regulatory compliances. Based on the outcome of the review, the next course of action will be determined.
The equity barometers continued to hover near the day s high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, soared 603.51 points or 1.24% at 49,336.06. The Nifty 50 index added 175.25 points or 1.19% at 14,853.05.
HDFC Bank (up 2.58%), ICICI Bank (up 3.55%) and Housing Development Finance Corporation (HDFC) (up 1.91%) boosted the indices.
In the broader market, the S&P BSE Mid-Cap index rose 1.23%. The S&P BSE Small-Cap index gained 1.27%.
Buyers outpaced sellers. On the BSE, 1,970 shares rose and 1,043 shares fell. A total of 211 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,607.85 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 613.26 crore in the Indian equity market on 14 May 2021, provisional data showed.
Gujarat forms consortium to explore Covaxin manufacturing
By IANS |
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(Photo: IANS) Image Source: IANS News
New Delhi, May 16 : A tripartite consortium has been formed with the g
overnment of Gujarat as the lead partner, to explore the prospects of manufacturing the Covid vaccine through technology from Bharat Biotech.
The discussions are currently on-going with Bharat Biotech towards reviewing the infrastructure at Hester, the technology adaption process and the regulatory compliances.
Based on the outcome of the review, the next course of action will be determined, Rajiv Gandhi, CEO and MD of Hester Biosciences Limited, said in a statement.
Hester issued the clarification to the news on Hester tying up with Gujarat Biotechnology Research Centre, Department of Science & Technology, Government of Gujarat and with Omnibrx towards manufacturing Covid vaccine.
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