Aurobindo Pharma Limited (NSE: AUROPHARMA) (BSE: 524804) (Reuters: ARBN.NS) (Bloomberg: ARBP:IN) and COVAXX, a US-based company, have entered into an Exclusive License Agreement to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children’s Fund (UNICEF) agency.
COVAXX is presently conducting a Phase 1 clinical trial for its vaccine candidate.
According to the development, Mr. N. Govindarajan, Managing Director, Aurobindo Pharma Limited, stated:”We’re pleased to associate with COVAXX in creating the first artificial artificial peptide-based vaccine to fight the COVID-19 pandemic. This vaccine has enormous potential in removing shedding, and thus comprising the spread of this pandemic.”
Under the signed agreement, Aurobindo Pharma has got the exclusive rights to develop, manufacture and market COVAXX’s UB-612 vaccine in India and also to UNICEF, in addition to non-exclusive rights in additional pick emerging and growing markets. Aurobindo will produce the doses that are finished in its own centers in Hyderabad. Aurobindo gets the capacity of producing 220 million doses in multi-dose demonstration and is constructing additional centers to have a entire capacity of almost 480 million doses from June 2021.
“COVAXX is dedicated to providing a fair supply of UB-612 by assigning emerging markets in which the unmet demand is greatest,” said Mei Mei Hu, co-founder and CEO of COVAXX. “Through this international health emergency response, we have to establish partners together with the most powerful capacities, such as Aurobindo, to prioritize the growth and the delivery of the vaccine. As one of the main industry players having a solid history of implementation and investment in vaccines, Aurobindo Pharma is the best partner to progress UB-612 from India and other emerging countries and also to encourage our mission of democratizing health globally.”
About Aurobindo Pharma
The organization’s strong product portfolio is distributed over important therapeutic areas surrounding CVS, CNS, Antibiotics, Anti-Retrovirals, Gastroenterology, Anti-Allergies and Anti-Diabetics, backed by an outstanding R&D, production and supply setup. The business is promoting these products internationally, in over 150 nations. Aurobindo Pharma has many WHO prequalified products. The business has finished manufacturing for conducting Stage 3 of its Pneumococcal conjugate vaccine (PCV) vaccine and hopes to begin Phase 3 trials to the PCV vaccine in ancient 2021. To find out more, www.aurobindo.com
The assignment of COVAXX would be to democratize health and protect lives worldwide by handling the worldwide COVID-19 pandemic utilizing low-cost, scalable and recognized science-based solutions. Produced by a commercially recognized, vaccine system, UB-612 is a multitope vaccine made to trigger B and T-cell arms of the immune system. Preclinical studies have revealed the UB-612 vaccine candidate created high titers of neutralizing antibodies.
The business is a scientific trailblazer producing technological firsts, including the fabrication and commercialization of over a hundred million antibody blood monitoring evaluations and 5 billion vaccine doses against infectious diseases in animal health. With proprietary access to UBI’s core technology platforms, COVAXX may create and commercialize high precision antibody tests along with also a promising COVID-19 vaccine which together could form a distinctive Differentiating Infected from Vaccinated People (DIVI) system.