Cadila will get license fees and royalty payments, the company said in a filing (Representational)
South Korea’s Enzychem Lifesciences would make at least 80 million doses of India’s homegrown DNA COVID-19 vaccine from Cadila Healthcare, the domestic drugmaker said on Wednesday.
As part of the deal, Cadila will transfer the DNA vaccine technology to Enzychem, which will make and sell the vaccine, ZyCoV-D, within its territory under the Cadila trademark. Cadila will get license fees and royalty payments, the company said in a filing to stock exchanges.
“(The DNA) technology allows vaccines to be produced at affordable costs in record times, and DNA vaccines are considerably stable,” said Ki Young Sohn, chairman of Enzychem Lifesciences.
“ZyCoV-D is administered without needles and can be deployed more readily, especially in resource-poor populations.”
Cadila’s vaccine, which is administered in three doses, was approved by the country’s drug regulator in August for emergency use in adults and children aged 12 years and above, though it has yet to be rolled out as part of the county’s vaccination drive.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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