CSIR and Aurobindo Pharma collaborate to develop COVID-19 vaccine

The Council of Scientific and Industrial Research (CSIR) and Aurobindo Pharma Limited have announced a collaboration to develop vaccines to protect against SARS-CoV-2, also known as COVID-19. Under the signed agreement between CSIR-Centre for Cellular and Molecular Biology (CCMB) and Aurobindo Pharma, Aurobindo will partner with CSIR for development of several novel COVID-19 vaccines. Three CSIR labs namely CCMB Hyderabad, Institute of Medical Technology (IMTECH), Chandigarh and Indian Institute of Chemical Biology (IICB), Kolkata are developing vaccine candidates using different technology platforms. Aurobindo will undertake clinical development and commercialization of the vaccines.

Commenting on this partnership, Dr Shekhar C Mande, Director General, CSIR,said that "Joining of hands of premier CSIR labs with industry for development of vaccines will amplify India's efforts in indigenous vaccine development and also help in preparedness for future pandemics".

Commenting on the development strategies for the vaccines, Dr. Rakesh Mishra, Director, CSIR-CCMB said, "Our labs are working on novel proteins for vaccine development that have the potential to address the need for a second-generation vaccine. We are happy to partner with Aurobindo who have proven manufacturing and commercialization capabilities"

Commenting on the development, Mr N. Govindarajan, Managing Director, Aurobindo Pharma Limited, said "We are proud to join hands with CSIR for developing vaccines to combat the COVID-19 pandemic. This collaboration further strengthens our COVID-19 vaccine development efforts. We are already setting up a large-scale facility in Hyderabad for manufacturing COVID-19 vaccine and other viral vaccines."

Apart from this collaboration, Aurobindo is already developing a vaccine for SARS COV-2 through its wholly owned US subsidiary Auro Vaccines. The SARS COV-2 vaccine candidate is based on the company's proprietary replication-competent, attenuated, recombinant vesicular stomatitis (VSV, VesiculoVax™) vaccine delivery platform.

Shares of AUROBINDO PHARMA LTD. was last trading in BSE at Rs.818 as compared to the previous close of Rs. 795.45. The total number of shares traded during the day was 220727 in over 5687 trades.

The stock hit an intraday high of Rs. 841 and intraday low of 798.6. The net turnover during the day was Rs. 182187653.

Source : Equity Bulls

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