InvestorQ : Is it true that the deal between Bharat Biotech and Brazil government has been cancelled?
prachi Patwardhan made post

Is it true that the deal between Bharat Biotech and Brazil government has been cancelled?

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sara Kunju answered.
5 months ago
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You are absolutely correct. In fact, Bharat Biotech floated by technocrat Dr. Sridhar Ella, has terminated a MOU signed to sell its Covaxin to Brazil's Precisa Medicamentos. Covaxin is the only pure-Indian vaccine for COVID-19. However, Bharat Biotech will continue to work with the Brazilian regulators for the requisite approvals. The deal had gone sour after allegations of kickbacks paid by Bharat Biotech to Brazil government surfaced in the media.

The order was for the purchase of 20 million doses of the Covid-19 vaccine. However, allegations of over pricing and kickbacks paid for the same, had put the deal in trouble.

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