BREAKING

Sunday, January 10, 2021

PH Government signs agreement to secure 30M doses of Covovax



Wazzup Pilipinas!

The Philippine government, represented by Vaccine Czar Secretary Carlito Galvez Jr., Serum Institute of India (SII) and Faberco Life Sciences, Inc., have signed a Term Sheet on January 9, 2021 to secure the supply of 30 million doses of COVID-19 vaccine Covovax, which will be available starting third quarter of this year.

“This is a significant milestone in relations between India and the Philippines. It shows that we don’t have to look far beyond Philippine shores to find friends who are willing to help each other out,” Kishore Hemlani, Founder of Faberco Life Sciences Inc., SII’s Philippine partner, said after the signing with Sec. Galvez.

SII, the world’s largest vaccine manufacturer, partnered with Novavax, a US-based biotechnology company for the development and commercialization of the Covovax vaccine. The vaccine has the recombinant coronavirus spike protein nanoparticle and a Novavax-patented Matrix-M adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. Covovax is in third-stage trials and expected to be approved for use by international regulators.

“The vaccine will be used to vaccinate 15 million vulnerable and poor Filipinos. The vaccine is stable at 2°C to 8°C, the standard temperature that is within the existing cold chain system in the Philippines, thus allowing its distribution to the remotest barangays,” said Faberco Life Sciences Medical Director Dr. Luningning Villa.

The candidate vaccine is thoroughly evaluated in different geographies, various age groups, groups that are most affected by COVID-19, including people living with HIV, and racial and ethnic minorities. The clinical trials involve a sizeable population of around 50,000 subjects to ensure extreme robust clinical data prior to approval by relevant regulatory bodies including the World Health Organization.

The vaccine underwent the initial phase of the clinical trials in Australia, South Africa and India. Phase-three trial is currently carried out in the UK with 15,000 subjects and also ongoing in the United States and Mexico with 30,000 subjects.

The price of the vaccine is expected to be finalized soon between the government and SII, which is noted for providing effective, safe and affordable vaccines across the globe through the decades. SII is a dependable supplier of various vaccines to the Philippines, especially those used in the government’s Expanded Program for Immunization.

Faberco Life Sciences, Inc., is also SII’s partner for key programs in the country such as the Inactivated Polio vaccine, Rotavirus vaccine, Pneumococcal Conjugate vaccine, aside from the COVID-19 vaccine.

About ""

WazzupPilipinas.com is the fastest growing and most awarded blog and social media community that has transcended beyond online media. It has successfully collaborated with all forms of media namely print, radio and television making it the most diverse multimedia organization. The numerous collaborations with hundreds of brands and organizations as online media partner and brand ambassador makes WazzupPilipinas.com a truly successful advocate of everything about the Philippines, and even more since its support extends further to even international organizations including startups and SMEs that have made our country their second home.

Post a Comment

Note: Only a member of this blog may post a comment.

Top ib essay writing service by Writemyessay.today with 200 experts. 123Termpapers.com - term paper writing service every student can afford
 
Copyright © 2013 Wazzup Pilipinas News and Events
Design by FBTemplates | BTT