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Valneva will supply its chikungunya vaccine drug substance to SII, which will complete manufacturing and be responsible for seeking and maintaining regulatory approval of the vaccine in India and other Asian countries.

Future commercialisation will be based on a profit-sharing model along with single-digit million milestone payments towards technology transfer and regulatory approvals to Valneva.Adar Poonawalla, CEO of SII, said the collaboration with Valneva to bring this chikungunya vaccine to India and other parts of Asia was part of their focus on providing effective and accessible vaccines to address pressing public health needs.“The current outbreak in India underscores the fact, that containing chikungunya is an international public health priority.

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Download theFinancial Express Appfor the latest finance news.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

How AI is revolutionizing wealth management in India ✌️【Value Investing】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!The US dollar has risen to a two-year high, which could lead to an increase in oil prices for buyers using other currencies.

Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

Check the latest petrol and diesel prices in major cities on 20 December 2024.How AI is revolutionizing wealth management in India ✌️【Value Investing】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!