Skip to content
Search

Latest Stories

Hyderabad firm comes up with India’s ‘first protein subunit vaccine’

Hyderabad firm comes up with India’s ‘first protein subunit vaccine’

AN INDIAN biotech company has rolled out the country’s “first indigenously developed protein subunit vaccine” against the coronavirus.

Biological E Ltd said it has developed the vaccine, Corbevax, in collaboration with Texas Children’s Hospital Center for Vaccine Development and Baylor College of Medicine (Baylor) of Houston.

It is a recombinant protein subunit vaccine, developed from a component of the spike protein on the virus’s surface. The Hyderabad-based company said it helps the body build the immune response against the virus.

India’s drug regulator last month approved Corbevax, which, the company claims, will be “effective both in scale and affordability”.

Biological E which has already begun manufacturing the vaccine said it expects the production to cross 100 million doses per month from February. It has promised to supply 300 million doses to the government.

The first private sector biological products company of India said it plans to deliver more than one billion additional doses globally “soon”.

The company worked to make quality vaccines and pharmaceutical products “accessible to families around the world”, according to its managing director Mahima Datla.

“We resolved to develop an affordable and effective Covid vaccine. It has now become a reality.”

Founded in 1953, Biological E also developed vaccines for tetanus, Japanese encephalitis and measles and rubella over the years.

It supplies vaccines to more than 100 countries and its therapeutic products are sold in India and the US.

The company says it has eight WHO-prequalified vaccines in its portfolio.

More For You

Pakistan seeks £3.4bn bank loan to tackle mounting energy sector debt

Pakistan’s government is the largest shareholder or owner of most power companies

Pakistan seeks £3.4bn bank loan to tackle mounting energy sector debt

Eastern Eye

PAKISTAN government is negotiating a 1.25 trillion Pakistani rupee (£3.4 billion) loan with commercial banks to reduce its bulging energy sector debt, the power minister and banking association said.

Plugging unresolved debt across the sector is a top priority under an ongoing $7bn (£5.4bn) International Monetary Fund (IMF) bailout, which has helped Pakistan dig its way out of an economic crisis.

Keep ReadingShow less
Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less