Wockhardt Strikes Deal to Supply COVID-19 Vaccines to UK
Indian drugmaker Wockhardt Ltd will supply millions of doses of multiple COVID-19 vaccines, including that being developed by AstraZeneca and Oxford University, under a deal with the UK government announced on Monday.
Shares of Wockhardt jumped 10% after the news in a downcast Mumbai market.
The company has reserved fill-and-finish capacity - the final manufacturing step of putting vaccines into vials or syringes and packaging them - as part of the agreement, it said.
This is the latest step by the UK to secure supplies and production of COVID-19 vaccines after striking four deals with drugmakers to buy their potential shots.
“Fill finish is a critical step in the process to get the vaccine in a form to be given to patients. The agreement with Wockhardt will boost our capability to ensure that,” Kate Bingham, chair of UK Vaccines Task Force, said in a statement.
The UK government has also reserved one fill-and-finish production line at a Wockhardt subsidiary in Wrexham, Wales for its exclusive use for the next 18 months to secure supply. It is expected to start the Wexham line in September.
AstraZeneca has indicated it would need 30 million fill-and-finish doses of their vaccine candidate, which the company intends to supply in the next few months, Wockhardt Chairman Habil Khorakiwala said during a virtual press briefing.
The company has a fill-and-finish manufacturing capacity of 400 million doses in the UK and 600 million in India, for a combined capacity of 1 billion, Khorakiwala said.
More than 150 vaccines are being developed and tested around the world to stop the pandemic, with 26 in human clinical trials, according to the World Health Organization.
AstraZeneca and Oxford University’s vaccine candidate is seen as one of the frontrunners in the race to fight the pandemic.
Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.