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No wrongdoing , followed all steps for approval : Bharat Biotech on row over Brazil Covaxin deal.

The Edge Media by The Edge Media
4 years ago
in Main Story, Medical & Health, National Edge
Reading Time: 1 min read
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No wrongdoing , followed all steps for approval : Bharat Biotech on row over Brazil Covaxin deal.

IC:(business standard)

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On Wednesday, bharat biotech denied reports of any wrongdoing in the Covaxin procurement deal in Brazil and said it followed a common, widely accepted, and established process that included an advance payment. 

“We wish to dispel any notion or implication of any wrongdoing whatsoever, as all these are affiliate companies found/acquired and operated by Dr Krishna Ella. More than 3,000 personnel are employed in 6 cities across all these organizations,” Bharat Biotech said in a statement. 

The pharma company’s response comes amid reports that Brazil is suspending its $324 million deal to procure indigenously developed Covaxin due to suspected irregularities. 

 

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