(JANSEN ROMERO / FILE PHOTO / MANILA BULLETIN)
In an interview aired over CNN Philippines, Foreign Affairs Secretary Teodoro Locsin Jr. revealed Monday the country may secure the deal before year ends, citing that the information came from the Serum Institute of India, currently the world’s largest vaccine producer.
“Thirty million dosages of the Indian-made Novavax vaccines are assured possibly with no cash advance which will be available by July 2021,” he said.
“The term sheet might be signed before the year ends,” he added.
Last September, American vaccine development company Novavax Inc. announced an amendment to its existing agreement with Serum Institute of India Private Limited (SIIPL) under which SIIPL will also manufacture the antigen component of NVX‑CoV2373, Novavax’ COVID‑19 vaccine candidate. With this agreement, Novavax increases its manufacturing capacity of NVX-CoV2373 to over two billion doses annually.
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