Tergene Biotech Pvt. Ltd receives SEC recommendation for pneumococcal 15 valent vaccine

Aurobindo Pharma Ltd has announced that Subject Expert Committee (SEC) of the Central Drugs Standard Control Organization (CDSCO), in its minutes for the meeting held on 21st Dec 2022, has recommended grant of permission to its JV company Tergene to manufacture and market 15-valent Pneumococcal Polysaccharide Conjugate Vaccine with three dose schedule (3 +0) for administration into the pediatric age group of 6, 10 and 14 weeks. PCV15 vaccine was developed by Tergene Biotech Pvt. Ltd. and manufactured at AuroVaccines Pvt. Ltd., which is a wholly owned subsidiary of Aurobindo Pharma Ltd with capabilities in vaccines development and manufacturing. Aurobindo Pharma Ltd holds 80% stake in the Joint Venture company, Tergene Biotech Pvt. Ltd.

Commenting on the development, Mr. K. Nithyananda Reddy, Vice Chairman & Managing Director said, "SEC's recommendation is based on data from (3+0) trial conducted in 1130 pediatric subjects assessing safety, tolerability, and immunogenicity. By assessing opsonophagocytic activity (OPA) and Geometric Mean IgG Titers (GMTs), we have demonstrated through our clinical data that our test product is non-inferior to the currently available 13-valent pneumococcal conjugate vaccine for the thirteen shared serotypes and provided good immune response for the two additional serotypes unique to our vaccine (serotypes 2 and 12F)."

With SEC's recommendation, we will take the procedural next steps as we expect formal approval from DCGI in the coming weeks. At Aurobindo, through our 15 valent conjugate vaccine (serotypes 1, 2, 3, 4, 5, 6A, 6B, 7F, 9V, 12F, 14, 18C, 19A, 19F and 23F), we are committed to protecting infants from pneumococcal disease by eliciting a strong immune response in them to each serotype covered in the vaccine. Further, we will continue to develop this program for the WHO markets, thereby providing coverage and protection for more infants globally in time to come."

Shares of Aurobindo Pharma Limited was last trading in BSE at Rs. 438.05 as compared to the previous close of Rs. 436.80. The total number of shares traded during the day was 36271 in over 1196 trades.

The stock hit an intraday high of Rs. 441.50 and intraday low of 436.40. The net turnover during the day was Rs. 15912227.00.

Source : Equity Bulls

Keywords

AurobindoPharma INE406A01037 JV CDSCO Permission PCV15Vaccine Tergene