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Tuesday, February 2, 2021

Ocugen, Bharat Biotech Agree to Commercialize COVAXIN™ in US

 

  • Definitive Agreement provides details of the previously announced intent to co-develop COVAXIN™ for the US market

  • Ocugen and Bharat Biotech to share US commercialization profits

  • Ocugen to receive initial supply of COVAXIN™ doses from Bharat Biotech upon authorization from US regulatory authorities while it ramps up manufacturing in the US

  • COVAXIN™ received EUA (Emergency Use Authorization) in India in January and is currently in a fully enrolled Phase 3 clinical trial involving 25,800 patients

  • COVAXIN™ (whole-virion inactivated COVID-19 vaccine candidate) effectively neutralizes UK variant of SARS-Cov-2 reducing the possibility of mutant virus escape

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