Businessmen considered buying Covaxin COVID-19 vaccine for the private sector, according to Concepcion.
Presidential Adviser for Entrepreneurship Joey Concepcion said that businessmen considered buying Covaxin COVID-19 vaccine for the private sector.
In a report on ABS-CBN News, Concepcion said that a group of local businessmen was interested in ordering Covaxin — the COVID-19 vaccine made by Bharat Biotech — in a bid to augment the country’s limited supply and to inoculate some of the private sector’s employees.
Concepcion, who was also the founder of Go Negosyo, said that he had met with IP Biotech and Ambica International Corp.
Based on a report on ABS-CBN News, IP Biotech and Ambica International Corp. were the distributors of the COVID-19 vaccine manufactured by India’s Bharat Biotech.
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Concepcion also said that his office and Go Negosyo would help to bring Covaxin in the country as the Philippines faced limited COVID-19 vaccine supply.
“The private sector purchases from AstraZeneca, Moderna, and Novavax will be augmented by these new vaccines that will come from India, the Covaxin. This vaccine is promising, as it was the one used by India’s Prime Minister, PM Narendra Modi, and has posted 81% efficacy from the interim results of its phase 3 trial. It is now only awaiting FDA’s approval,” Concepcion explained.
Moreover, Concepcion said that his group would finalize the listing of orders by next week as this would augment its earlier orders of AstraZeneca COVID-19 vaccine doses.
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