Friday, March 29, 2024

Bharat Biotech scraps MoU with Brazil

Must Read

By Express News Service
NEW DELHI:  Battling allegations of kickbacks, Hyderabad-based Bharat Biotech has terminated its deal with Brazil’s Precisa Medicamentos to supply its Covid-19 vaccine Covaxin, developed in cooperation with India’s health research agency ICMR. 

In a statement issued on Thursday to Brazilian media, the firm said it is suspending its memorandum of understanding with the Brazilian company to sell Covaxin. It, however, did not specify any reason.

Whistleblowers in Brazil’s health ministry had said though Pfizer-BioNtech was offering its Covid vaccine, with higher efficacy, at a lower price, President Jair Bolsonaro’s government had chosen to partner with Bharat Biotech, and alleged corruption in the deal. As the row escalated, Brazil on June 30 announced the suspension of the contract to procure 20 million doses of Covaxin. 

Latest News

CM Vishnudev Sai’s childhood friend Padmashree Jageshwar Yadav became the state president of Yaduvanshi Mahasangh, the Chief Minister and his wife congratulated.

Raipur. CM Vishnudev Sai's childhood friend Padmashree Jageshwar Yadav has been made the new state president of Yaduvanshi...