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Wednesday, Sep 22, 2021
Outlook.com
Outlook.com

Bharat Biotech Ends Covaxin Deal With Brazil’s Precisa

Bharat Biotech, the maker of Covaxin, announced its decision to terminate deal with Precisa on Friday without stating any reason.

Bharat Biotech Ends Covaxin Deal With Brazil’s Precisa
Brazil government had suspended the contract to buy Covaxin after a controversy erupted over suspected irregularities in the deal. | Representational Image
Bharat Biotech Ends Covaxin Deal With Brazil’s Precisa
outlookindia.com
2021-07-23T20:08:36+05:30

India’s Bharat Biotech has terminated its deal with Brazilian pharmaceutical company Precisa Medicamentos to commercialize the vaccine in Brazil.

According to reports, Bharat Biotech, the maker of Covaxin, announced its decision on Friday without stating any reason.

Earlier, the Brazil Health Ministry had suspended the contract to buy Covaxin after a controversy erupted over suspected irregularities in the deal.

According to reports, Bharat Biotech has said that it will continue to work with Brazilian healthcare regulator Anvisa to obtain all required approvals for the use of Covaxin in the country.

Meanwhile, the Indian government on Friday told Lok Sabha that the health ministry is aware of media reports about "some" controversy around contracts and regulatory approvals for supply of Covaxin to Brazil. Minister of State for Health Bharati Pravin Pawa said this relates exclusively to an agreement between a commercial entity Bharat Biotech and another country.

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