Covid-19: AstraZeneca sends legal notice to SII over delays in vaccine supply

Covid-19: AstraZeneca sends legal notice to SII over delays in vaccine supply
By , TNN
Share
Font Size
Save
Comment
Synopsis

The notice comes after Serum Institute delayed shipment of vaccines to the UK, and later did not meet its obligations to other countries that are part of the Covax programme. Serum Institute has attributed the delay to the Centre’s decision to halt vaccine exports, while its CEO, Adar Poonawalla, according to media reports, said SII would prioritise domestic needs temporarily.

The UK-headquartered drug firm AstraZeneca has served a legal notice to its manufacturing partner, Pune-based Serum Institute of India, over delays in the supply of its Covid-19 vaccine.

The notice comes after Serum Institute delayed shipment of vaccines to the UK, and later did not meet its obligations to other countries that are part of the Covax programme. Serum Institute has attributed the delay to the Centre’s decision to halt vaccine exports, while its CEO, Adar Poonawalla, according to media reports, said SII would prioritise domestic needs temporarily.

In mid-March, the Centre decided to go slow on vaccine exports amidst a huge surge in Covid-19 cases. Demand for vaccines has also jumped after the government broadened its immunisation drive, relaxing the eligibility criteria for the 45-years-plus age group from April 1.

A majority of vaccines being administered in India are Covishield (manufactured by SII); the remainder are Bharat Biotech’s Covaxin. Serum has so far supplied around 100 million doses to the Centre, while it has exported 60 million doses.

Company sources expressed confidence that the matter would be resolved soon, and that the government was aware of it. With a limited supply of vaccines, and demand soaring due to rising Covid-19 cases in certain countries, shortages and supply constraints are being witnessed in many parts of the world.

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

1 Comment on this Story

DG14 minutes ago
Indian govt should place a large order of a billion doses to be supplied over next 4 months. That is 100 crore doses. That is the only way to get two doses each to 50 crore people out of our 139 crore population. Getting 50 crore people fully vaccinated by August 15th independence day can break the chain of transmission. Covid will still have individual patients, but will no longer be a pandemic in India. The incentive to vaccine makers- India can allow for-profit commercial sale of vaccine after that. It also means ramping up daily vaccination capacity to 1-1.5 crore doses a day.

ETPrime stories of the day