Hyderabad (Telangana) [India], December 22 (ANI): Hyderabad-based Bharat Biotech and US-based biopharmaceutical firm Ocugen Inc on Tuesday announced that they have signed a binding letter of intent (LOI) to co-develop the Indian firm s COVID-19 vaccine candidate Covaxin for the United States market.
As per the letter of intent (LOI), Ocugen will have US rights to the vaccine candidate and, in collaboration with Bharat Biotech, will be responsible for clinical development, registration, and commercialisation for the US market.
In a joint statement, the companies said that they have begun collaborating and will finalise details of the definitive agreement in the next few weeks. This collaboration leverages Ocugen s vaccine expertise, and its R&D and regulatory capabilities in the US.
Bharat Biotech again applies for vaccine s emergency approval
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Bharat Biotech to submit additional data for vaccine s emergency approval
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India’s homegrown candidate vaccine against the novel coronavirus disease developed by the Hyderabad-based Bharat Biotech has generated a dual immune response that has raised hopes of immunity lasting six to 12 months.
The candidate vaccine named Covaxin generated anti-coronavirus antibodies and stirred immune memory cells in the vaccinated volunteers, researchers with Bharat Biotech and the Indian Council of Medical Research said in a scientific paper released on Wednesday.
The paper, describing the results of safety and immunogenicity trials in 380 volunteers in nine hospitals across the country, has also reported similar immune responses across age groups. The trials offered the candidate vaccine to volunteers aged between 12 years up to 65 years.