Cipla is close to commit over $1B to Moderna for the booster vaccine in India.

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Cipla has requested the government of India for indemnification and exemptions from price capping, bridging trials, and basic customs duty, while stating that it is close to committing over $1 billion as advance to the US major.

The government is facing a major issue to increase the vaccine availability in the country for achieving effective protection against covid-19 and the Indian pharma giants have discussed Moderna on the covid-19 booster vaccine which is nearly finalizing and seeking support and partnership of the government to make this program successful. 

The latest communication of Cipla with the government on May 29, followed a high-level meeting that was held recently where it was discussed that modern has proposed to launch a single dose of vaccine in the Indian market and for that, they were in discussion with Cipla and other pharma giants of India.

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