Novavax signs vaccine supply deal with Serum Institute

Novavax Inc said on Wednesday it has entered a supply and license agreement with the Serum Institute of India for the development and commercialization of its COVID-19 vaccine candidate. The Indian drugmaker will have exclusive rights for the vaccine in India during the term of the deal and non-exclusive rights during the “Pandemic Period” in all countries other than those designated by the World Bank as upper-middle or high-income countries.

The deal was signed on July 30, according to an SEC filing by Novavax.

Novavax reported that its experimental COVID-19 vaccine produced high levels of antibodies against the novel coronavirus in a small, early-stage clinical trial, and that it could start a large pivotal Phase III trial as soon as late September.

The Covid-19 tally in India rose to 19,64,536 on Thursday after over 56,000 fresh cases were reported within a span of 24 hours. The death toll also increased from 39,795 to 40,699, according to latest data released by the Ministry of Health Affairs.

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