Innovative Indian vaccine faces saturated home market

11 July 2022

Research from industry analyst GlobalData suggests that India’s newly-approved mRNA COVID-19 vaccine, Gemcovac-19, could struggle to gain market share in the country.

Emcure Pharmaceuticals subsidiary Gennova Biopharmaceuticals secured an emergency use authorization (EUA) in India for the product in late June, and the company has plans to produce four to five million doses per month.

The approval marks a significant milestone for the innovative medicines sector in India, with Emcure now boasting only the third mRNA vaccine to be approved anywhere in the world.

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