Sensex Ends 226 Points Higher; Telecom And IT Stocks Witness Buying

The company said it is planning to launch the vaccine in September.

ZyCoV-D is a three-dose vaccine that will be administered first on day zero, day 28th and then the 56th day.

With this approval, India now has its first Covid-19 vaccine for adolescents in the 12-18 age group, besides the adult population.

ZyCoV-D is a needle-free vaccine administered using the PharmaJet, which ensures painless intradermal vaccine delivery.

In a statement, Pankaj R Patel, Chairman of Cadila Healthcare said,

  • This is a historic milestone with ZyCoV-D, a product of Indian innovation becoming the world's first DNA vaccine being offered for human use and supporting the world's largest immunization drive.

In another development Zydus Pharmaceuticals Inc, USA (a 100% subsidiary of Cadila Healthcare), has signed a license and supply agreement with CHEMI SpA of Italy, a subsidiary of Italfarmaco group, to launch the generic equivalent of Sanofi Aventis's branded product Lovenox (enoxaparin sodium injection) in seven dosage strengths in the United States.

Under the agreement, CHEMI will manufacture and supply the enoxaparin sodium injection which Zydus will commercialize in the US.

Also, the company has received final approval from the United States Food and Drug Administration (USFDA) to market Tofacitinib extended-release tablets, 11 mg and 22 mg in the United States.

Cadila Healthcare's share price ended the day up by 2.4% on the BSE.

Moving on to news from the power sector...

NTPC Lands Raft of Solar Project Contracts in Cuba, Malawi, and Niger

India's strategy of showcasing its green energy credentials to land projects overseas has gained traction, with state-run NTPC securing a raft of project contracts under the aegis of International Solar Alliance (ISA) in Cuba, Niger, and Malawi to help set up solar parks to meet these countries' electricity demands, said two people aware of the development.

While NTPC has been awarded the project management consultancy (PMC) contract for setting up 900 megawatt (MW) solar projects in Cuba, it has also secured similar contracts in Malawi and Niger to set up 100 MW and 50 MW solar capacity, respectively.

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