BUSINESS
The government has so far being importing vaccine, mostly from China.
Vaccine major Biological E is all set to market indigenously developed vaccine to prevent Japanese encephalitis (JE), making it the first local company to come out with a vaccine against the viral disease.
The government has so far being importing vaccine, mostly from China.
“We will sell the vaccine in the private market and also wait for the government to start procuring from us. We will price the vaccine at Rs 985 for 0.5 ml dose. However, the private market for JE vaccine is still untested since there has been no effort by any company to sell such a vaccine in the country,” Mahima Datla, senior vice-president, Biological E, said.
The Hyderabad-based company has entered into a pact with the Austrian vaccine major Intercell for the technology to develop the vaccine. It has also signed a deal with Novartis to market the vaccine in the global markets, including Europe and the US.
“We have been working on the vaccine for over seven years now. Intercell has been successfully marketing the vaccine and there are enough studies conducted on the vaccine to test the efficacy. Our JE vaccine, branded as Jeev, is an inactivated vaccine and is more efficient than any other variant,” she said.
Though no specific private market data is available, the company is targeting about 33 crore population in the country living in the endemic areas and expects to tap at least 10% of it.
“We hope to sell a few million vaccine doses. We have a capacity to manufacture about 10 million doses as of now and can ramp it up as and when required. We are also eyeing pre-qualification by the World Health Organisation for expanding the market,” Datla said.
JE is a deadly viral disease afflicting major areas around the world and is the leading case of acute encephalitic syndrome (AES). About 8,000 confirmed cases were recorded in India in 2011, resulting in over 1,100 deaths.
JE has a high mortality rate of up to 40% and high morbidity where up to 50% of survivors end up with physical and mental disabilities. There is no specific treatment available for JE and vaccination is believed to be the most effective weapon.
“There has been a practice of vaccinating people only after it is detected in some parts of the country. We are working on creating the awareness to take the vaccine as prevention. Our market, too, is linked to the way the awareness is created across the country,” she said.
Is Pakistan's existence at stake? Why did Army chief Asim Muneer warn-Battle for country's survival?
Welnax BioClear Reviews - Does It Work? Real Truth Exposed
Naga Chaitanya admires THIS about Sobhita Dhulipala: 'I keep joking that she should...'
Meet Tanmay Srivastava, Virat Kohli's U19 World Cup teammate set to make umpiring debut in IPL 2025
Katrina Kaif's trainer Yasmin Karachiwala shares 6 exercises for toned legs
Priyanka Chopra turns heads at Mumbai airport in a Rs 1 lakh Dior co-ord set
Importance of Youth Empowerment In Building a Stronger India
PM Modi shares his fasting routine for a healthy lifestyle: 'I eat only one meal within...'
Anand Mahindra remembers meeting Sunita Williams three years ago, cracks 'Uber' joke
Who Can Benefit From Physiotherapy At Home? A Complete Guide
Brightening the Future: Drumil Joshi's Al innovation energizes loT with solar power
WATCH VIDEO: 'SATTU' arrives at ED office with Lalu Prasad Yadav! DETAILS here
New Zealand vs Pakistan, 3rd T20I: Check new match start time, streaming platform and more
Former Microsoft CEO Bill Gates visits Parliament, meets JP Nadda, Ashwini Vaishnaw, here's why
IIT Roorkee declares GATE 2025 results: Check step-by-step guide to access scorecards and more
'CHUTIYARAM' to hit Delhi soon? Why has it triggered controversy?
Ensure accurate tax calculations with a GST calculator
Who is Faheem Khan? Arrested mastermind of Nagpur violence, granted police custody till...
'Bal sant' Abhinav Arora mocked in Vrindavan with his signature phrase: 'Mujhe farak nahi padta'
Esha Deol opens up on dating rumours with Ajay Devgn: 'Some may be true...'
'Like it or not they are...': EAM S Jaishankar finally breaks silence on use of tariffs, sanctions
'Swagatam Sunita': Anand Mahindra welcomes NASA astronaut after her safe return to earth, recalls...
Meet Than Singh, police constable who grew up in slum, now runs free school for underprivileged kids
A 286-Day Space Odyssey: 'Tears and fears and feeling proud' as Williams, Wilmore return from Space
Zahan Kapoor misses grandfather Shashi Kapoor, says he didn’t see…: ‘He passed away before…’
Raza Murad reacts after video of him drinking during Ramadan goes viral: 'Aap log khamakha...'
Ankit Gupta reacts to breakup rumours with Priyanka Chahar Choudhary, says he doesn't want to...
Kapil Dev reacts to Virat Kohli's 'no family' rule remark, says 'you need family but...'
Virat Kohli or Rajat Patidar or Phil Salt, who'll open for RCB vs KKR in IPL 2025 at Eden Gardens?
Meet man who went to govt school, failed IIT, NEET exams, later got admission in MIT, now he is...
What was Sunita Williams doing before joining NASA? Education, family, awards
'I hid behind panipuri stall': TV actress accuses co-star of molestation at Holi party
Not Prithviraj Sukumaran or Mohanlal but this megastar was the first to watch L2 Empuraan trailer