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By Ruma Paul
DHAKA (Reuters) – Beximco Pharmaceuticals of Bangladesh is investing in the Serum Institute of India (SII) to ensure Dhaka’s priority access to COVID-19 vaccines developed through indian pharmaceutical company, the company said Friday.
The deal announced through Bangladesh’s generic drugmaker comes after Dhaka said this month that it is in a position to conduct trials of candidate vaccines developed in India, as either country seeks to slow the spread of the virus.
SII has partnered with AstraZeneca, the Gates Foundation and the Gavi Vaccine Alliance to produce more than one billion doses of a COVID-19 vaccine for obtaining.
“The amount of the investment will be treated as an advance and once the vaccine has obtained regulatory approvals, the IBS will come with Bangladesh among the countries that will be the first to obtain an agreed amount of this IBS vaccine on a precedence basis. ” Beximco. it said in a statement.
He gave main points on the amount of investment in SII or how many vaccines Beximco could receive.
“This historic agreement reflects the entrenched preference for collaboration between the two countries and, as representatives of either country, we can make a significant contribution to alleviating the physical fitness crisis through the COVID-19 pandemic,” officials said. in the statement.
He stated that Beximco would be the exclusive supplier in Bangladesh of the vaccine developed through the SII and that the Bangladeshi company would talk to the government about how many doses it wants, and will also receive more doses to distribute on the personal market paid in Bangladesh.
The Serum Institute is the world’s largest manufacturer of volume vaccines and is conducting trials for 3 coronavirus vaccines, adding an authorized one to AstraZeneca through the University of Oxford.
Bangladesh also approved a complex trial of a coronavirus vaccine developed through Sinovac Biotech Ltd in China in the hope of being a vaccine precedence receptor.
Bangladesh showed 47 more deaths and reported 2,211 new cases on Friday, bringing the total number of cases in the country to 306,794 with 4,174 deaths.
India reported a record increase of 77266 coronavirus infections on Friday, bringing its total number of cases to 3. 39 million with 61529 deaths.
(Edited through David Clarke)