News: Serum Institute has received an emergency use authorisation from the USFDA for the use of its Novavax' protein based Covid-19 vaccine in those over 18 years. The company is expected to sell around 50 to 100 million doses of this vaccine globally this year.
Views: Biocon had earlier indicated at a Biocon-SII deal to start from H2FY23. Biocon is likely to start by tapping the opportunities through this vaccine, for which SII holds manufacturing and commercialising license from Novavax. Biocon has guided for US$300 million revenues from vaccine sales through SII alliance in FY24 with mid-30s EBITDA margins.
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