AN INDIAN biotech company has rolled out the country’s “first indigenously developed protein subunit vaccine” against the coronavirus.
Biological E Ltd said it has developed the vaccine, Corbevax, in collaboration with Texas Children’s Hospital Center for Vaccine Development and Baylor College of Medicine (Baylor) of Houston.
It is a recombinant protein subunit vaccine, developed from a component of the spike protein on the virus’s surface. The Hyderabad-based company said it helps the body build the immune response against the virus.
India’s drug regulator last month approved Corbevax, which, the company claims, will be “effective both in scale and affordability”.
Biological E which has already begun manufacturing the vaccine said it expects the production to cross 100 million doses per month from February. It has promised to supply 300 million doses to the government.
The first private sector biological products company of India said it plans to deliver more than one billion additional doses globally “soon”.
The company worked to make quality vaccines and pharmaceutical products “accessible to families around the world”, according to its managing director Mahima Datla.
“We resolved to develop an affordable and effective Covid vaccine. It has now become a reality.”
Founded in 1953, Biological E also developed vaccines for tetanus, Japanese encephalitis and measles and rubella over the years.
It supplies vaccines to more than 100 countries and its therapeutic products are sold in India and the US.
The company says it has eight WHO-prequalified vaccines in its portfolio.
Mago Capital acquires the 145,000 square foot Notting Hill Gate Estate for £180million.
Prideview Group plays key role, completing £200million in London deals this year
Eastway Estates to back Mago Capital’s future property investments.
Prideview powers Mago’s expansion
Mago Capital has purchased the 145,000 square – foot Notting Hill Gate Estate in London for £180 million from Frogmore and Morgan Stanley. The purchase is part of its push to expand its £500 million Central London portfolio, through Prideview Group deal. The company has been actively buying premium properties across Central London.
For Prideview Group, this is another important achievement. The firm has completed over £200 million in Central London deals so far this year, becoming a significant player in the premium property market.
"We've always believed in the long-term value of prime London real estate, and this deal reinforces that," said Jesal Patel, Principal at Prideview Group. "We were able to move quickly with Mago Capital to secure an exceptional property in one of London's most iconic locations."
Ed de Stefano from Tydus Real Estate, told BE news, "The Notting Hill Estate provided a fantastic opportunity to acquire a 100 per cent prime, recently redeveloped, mixed-use estate, in one of central London's most affluent submarkets."
The deal involved several specialists including Tydus Real Estate, Freedman + Hilmi, and Brotherton, showing how complex such large property purchases can be. Prideview Group's investment arm, Eastway Estates, sits on Mago Capital's board and will support their future property acquisitions.
Looking forward, Prideview Group wants to manage £1 billion worth of property within the next 12 to 24 months. The firm is looking to work with investment funds, property agents, brokers, and other property companies to buy more assets.
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