Financial Aid Provided For Covaxin, Covishield Trials, Not R&D: Centre To SC

The Centre has told the Supreme Court that no governmental aid, assistance or grant was made either for research or development of either Covaxin or Covishield vaccines but some financial assistance was given for conducting clinical trials.

Financial Aid Provided For Covaxin, Covishield Trials, Not R&D: Centre To SC

News Summary

"ICMR has not provided any funds to BBIL for Covaxin development. However, funds have been spent in various activities undertaken by ICMR-NIV, Pune for Covaxin development. Also, Phase 3 clinical trials of Covaxin have been funded by the ICMR."

New Delhi: The Centre has told the Supreme Court that no governmental aid, assistance or grant was made either for research or development of either Covaxin or Covishield vaccines but some financial assistance was given for conducting clinical trials.

In an affidavit, the Centre said that Covaxin has been developed under public-private partnership (PPP) between the Indian Council of Medical Research (ICMR) and Bharat Biotech International Ltd (BBIL). The PPP was executed under a formal MoU between the ICMR and the BBIL which includes a 5 per cent royalty clause for the ICMR on net sales and other clauses like prioritisation of in-country supplies, and the product intellectual property rights are shared.