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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.

Estate and Inheritance Planning ✌️【High Risk, High Return】✌️Invest ₹500 and enjoy exponential growth with minimal risk.This collaboration to help address this urgent medical need by accelerating further access to our highly differentiated vaccine,” Thomas Lingelbach, CEO, Valneva, said.Get liveShare Marketupdates,Stock Market Quotes, and the latestIndia News… Read Moreandbusiness newson Financial Express.

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.

Estate and Inheritance Planning ✌️【High Risk, High Return】✌️Invest ₹500 and let blockchain-powered tools grow your wealth!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.

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