The Indian Council of Medical Research (ICMR) has signed an MoU with the International Vaccine Institute (IVI).
This is for collaborating on vaccine research and development.
India will commit $5,00,000 (₹3.20 crore) annually for a stake in IVI - an amount approved during a Cabinet meeting in January
The MoU was signed between Soumya Swaminathan, the Director General of ICMR and Secretary, Department of Health Research, Manoj Jhalani, Additional Secretary and managing director, National Health Mission, and IVI Director General Jerome H. Kim.
IVI has been partnering with Indian vaccine manufacturers, research institutes, government, and public health agencies on vaccine development, research, and training.
One of the most successful collaborations was with Shantha Biotech on the development of Shanchol, the world’s first low-cost oral cholera vaccine.
The vaccine was licensed in India in 2009 and WHO-prequalified in 2011.
India is a vaccine industry powerhouse that supplies 60% of the world’s vaccines.
The signing of the MoU is a continuation of our partnership with India to provide safe, effective and affordable vaccines for people around the world.