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The Philippines has approved for emergency use India&rsquo;s COVID-19 vaccine Covaxin&nbsp; being produced by Hyderabad-based Bharat Biotech.</p>
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Bharat Biotech has received &quot;full emergency use authorisation&quot; for its Covaxin brand after the company completed documentary requirements,&quot; Reuters cited Food and Drug&nbsp; Administration chief Rolando Enrique Domingo as saying at a news conference on Friday in Manila.</p>
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The vaccine along with Serum Institute of India&rsquo;s Covishield is currently the mainstay of India&rsquo;s vaccination drive which has crossed the 30 crore mark since it started in mid-January.</p>
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<strong>Also read:&nbsp;</strong>&nbsp;<a href="https://www.indianarrative.com/health-news/us-hopeful-of-india-s-vaccine-exports-bouncing-back-to-meet-indo-pacific-target-94011.html">US hopeful of India&rsquo;s vaccine exports bouncing back to meet 2022 Indo-Pacific target</a></p>
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Covaxin is 77.8 per cent effective in giving protection against COVID-19, according to data from the final Phase III trials carried out on 25,800 participants across India.</p>
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The data pertaining to the trials were studied and approved by the DCGI&#39;s Subject Expert Committee. The data will now be published in an internationally recognised, peer-reviewed journal.</p>
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&quot;First interim analysis&quot; of Phase III results, presented in March, had indicated Covaxin was 81 per cent effective in preventing COVID-19 in those without prior infection after the second&nbsp; dose. Data available and analysed at that stage also showed a 100 per cent reduction in chances of hospitalisation in case of infection.</p>
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The approval of the Phase III data will also help Bharat Biotech secure an EUL (emergency use listing) from the World Health Organization.</p>
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India had emerged as a major exporter of vaccines, but has been forced to prioritise vaccination for its own citizens after a&nbsp; brutal second wave of Covid 19 hit the country in April.&nbsp; Sources said that in case of adequate supply– as expected–&nbsp; New Delhi could resume supplying to other countries as well.</p>
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&ldquo;However, there has been no decision on this whatsoever but one can safely say that if India is able to meet the targets of vaccination one crore a day by August, it will be in a position to also look at supplying the jabs to other countries,&rdquo; a person familiar with the development told India Narrative.</p>
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India had embarked on &ldquo;vaccine maitri&rdquo; by supplying Covid 19 vaccines to many countries at a time, when most nations were following the ethos of &ldquo;vaccine nationalism.&rdquo;</p>
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