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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,024.00
Bid: 12,024.00
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Change: 36.00 (0.30%)
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Indian vaccine makers end spat, pledge 'smooth rollout' of COVID-19 shots

Tue, 05th Jan 2021 11:47

By Devjyot Ghoshal and Sachin Ravikumar

NEW DELHI/BENGALURU, Jan 5 (Reuters) - Serum Institute of
India (SII) and Bharat Biotech said on Tuesday they would end a
public spat and focus on rolling out COVID-19 shots after
executives of both Indian vaccine makers clashed over the
approval of their rival shots.

"Both companies respect the great work being carried out by
each other and put behind us the miscommunication and
misunderstanding caused during the past week," SII's Chief
Executive Officer Adar Poonawalla and Bharat Biotech's Chairman
Krishna Ella said in a joint statement.

India's drugs regulator on Sunday approved for emergency use
a vaccine developed by AstraZeneca and Oxford
University, which will be manufactured by SII, and another
developed domestically by Bharat Biotech.

But the approval for Bharat Biotech's COVAXIN, developed
with a government research body, faced criticism from industry
experts and others as the company has yet to release efficacy
and safety data, and it still has a Phase III trial underway.

"Until we get the efficacy result, how do we know that
anything works?" Poonawalla told Reuters on Sunday.

Ella, however, defended both his firm and the approval for
the vaccine in an online press conference on Monday.

"I want to say that it hurts as scientists. We work 24
hours. Do we deserve that type of bashing from the people?" Ella
said, adding his firm was being picked on because it was Indian.

Ella also took a swipe at AstraZeneca, which said in
November a dosing error had led to promising results in a subset
of its trial volunteers.

In Tuesday's joint statement, the companies said they were
fully aware of the importance of vaccines for people and
countries and they jointly pledged to provide global access to
their COVID-19 vaccines.
(Reporting by Devjyot Ghoshal and Sachin Ravikumar;
Additional reporting by Nivedita Bhattacharjee and Anuron Mitra;
Editing by Euan Rocha and Mark Potter
)

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