Hyderabad: Bharat Biotech is staring at the prospect of having to dump nearly 250 million doses of its Covid-19 vaccine Covaxin.
While 50 million doses lying unused in ready-to-use vials are set to expire in early 2023, the company is sitting on another 200 million doses in bulk form, a Bharat Biotech spokesperson told TOI.
The company attributed the pile-up of stocks to the lack of demand, something that it had predicted on April 1 when it announced a Covaxin production slowdown after it had wrapped up its supply obligations.
Bharat Biotech said it was staring at losses if these unused stocks were discarded on expiration but declined to quantify the losses.
This story is from the November 07, 2022 edition of The Times of India Hyderabad.
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This story is from the November 07, 2022 edition of The Times of India Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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