Serum Institute of India on Wednesday🎉 announced that it is expecting to receive emergency use approval for its Covid-19 vaccine Covishield in the Europ🍷ean Union within a month.
Further, SII chief executive o🎐fficer Adar Poonawalla said that his company has appli🌱ed for the same by submitting documents to the European Medicines Agency (EMA), a month ago.
His comments come in the backdrop of the EMA stating that it hasn’t recꦰeived any marketing authorisation application from SII ꦏfor Covishield.
"The EMA is absolutely correct in asking us to apply, which we have through AstraZeneca, our partners, a month ago, and that process has to take its time. An approval process even﷽ with UK MHRA, WHO took its time and we have applied to the EMA," Poonawalla said at India Global Forum 2021.
Prior to this development, SII had urged the Indian government to take up inclusion of Covishield in the EU Covid-19 Vaccination Passport with the European Unio🧔n and other coun🍬tries.
The EU Digital COVID certificate or 'Green Pass' will be mandatory to travel to European countries and the document is likely to serve꧒ as proof that a person is vaccinated against Co🐲vid-19.
"We are quite confident that in a month EMA will approve Covishield. There is no reason why not to, because ⭕it is based on AstraZeneca data and our product is identical to AstraZeneca more or less and it has been approved by WHO, UK MHRA. So it's just a matte▨r of time. It is not really going to hinder anything," Poonawalla said.
On the issue of vaccine p🍬assports, Poonawalla said that it was a slightly diff❀erent issue.
"The issue with vaccine passports is slightly different. What I am trying to say is that let us take a manufacturer outside of India. Let's say they have been approved by WHO and everyone in that country gets vaccinated taking that product and now when those citizens need to travel, what good is their vaccine ♓certificate if it is not acknowledged and reciprocity is not there between the countries," Poonawalla said.
ꦗIt is thaඣt level of reciprocity that is expected between all these nations, he added.
On the issue of waiving of intellectual property rights on vaccines to increase the supply, Poonawalla said waiving of IP is perhaps not going to solve the immediate shortage of vaccines. However, it is a good strategy in the long term, to be pre💞pared for future pandemﷺics.
Stating that it was difficult for the company to stop the export of Covishield as it had prior commitments, he however said Serum did it in the wake of the second w🌊ave of the pandemic hitting India.
Decision of stopping the exports was particularly stressful, "because it was not just our partner ♕AstraZeneca that needed vaccines for the other parts of the world, it was COVAX, it was other countries that we had commitments with, we had taken advance funding, we had to return some of that funding, and really explain to other world leaders as well that there was really no choice at that moment ," Poonawalla said.
We had to tell them that ,"we really had to support our nation at that moment 🍷for a few months and that we would get back to them," he added.
It was really difficult for everyone to digest that , but slowly as they realised what was going on in India everyone was really supportive and understanding, Poonawalla said.
(With PTI inputs)
