Bharat Biotech’s Covaxin, the vaccine created by the company against COVID-19, has received approval from the Drugs Controller General of India (DCGI) to enter Phase I and II of clinical trials in humans.
The Hyderabad-based biotechnology company is the first from India to get the nod in the race towards creating the first vaccine against the infectious disease that has claimed more than 516,000 lives and infected over 10 million people around the world. In India alone, over 605,000 have been infected with almost 18,000 people having lost their lives to the infection as of 2 July 2020.
Bharat Biotech has created the vaccine in collaboration with the Indian Council of Medical Research (ICMR), the National Institute of Virology (NIV) and the Thomas Jefferson University of Philadelphia in the United States. This was achieved after the NIV successfully isolated the SARS-CoV-2 virus (the pathogen behind the novel coronavirus infection) and handed it over to Bharat Biotech to study and research treatment methods against it.
Earlier, the company had also received approval to develop COVID-19 monoclonal antibodies—a synthetic method of creating antibodies against the virus in a lab. The Council of Scientific and Industrial Research (CSIR) had given the green signal to accelerate development for new treatment methods against the fast-spreading disease.