• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
HealthIndia

Narendra Modi receives India’s homegrown—and unproven—COVID-19 vaccine

Grady McGregor
By
Grady McGregor
Grady McGregor
Down Arrow Button Icon
Grady McGregor
By
Grady McGregor
Grady McGregor
Down Arrow Button Icon
March 1, 2021, 5:22 AM ET
Add Fortune on Google for similar content.

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today.

On Monday morning, Indian Prime Minister Narendra Modi received his first dose of Covaxin, a COVID-19 jab developed by Indian vaccine maker Bharat Biotech. His taking of the shot represents a major vote of confidence in a COVID-19 vaccine that scientists have widely criticized as unproved.

After getting the vaccine, Modi publicly urged “all those who are eligible” to sign up for jabs, which as of Monday includes Indians over age 60 and those over 45 with qualifying preexisting health conditions.

After launching one of the world’s largest vaccination campaigns six weeks ago with health care and frontline workers, India has administered more jabs than all but four countries, but it remains far behind its goal of inoculating 300 million Indian citizens by August. Glitches in India’s vaccine app, as well as reluctance to get vaccinated with Bharat Biotech’s product, have slowed the rollout.

Like vaccines from Chinese makers Sinovac and Sinopharm, Covaxin uses an inactivated, or killed-off, form of COVID-19 to induce an immune response. Bharat Biotech launched Phase I and II trials for Covaxin in June, followed by a Phase III trial in November with nearly 26,000 volunteers.

But before the Phase III efficacy trials concluded, Indian regulators on Jan. 3 approved Bharat Biotech’s application to distribute the vaccine on an emergency basis in India. At the time, scientists raised questions about why Indian regulators had given the vaccine the green light since Bharat Biotech reportedly had not completed Phase III clinical trials and had not disclosed how effective its vaccine was against COVID-19.

Whereas other vaccine makers like Pfizer and Moderna have published efficacy data—their regimens are 95% and 94% effective, respectively, in preventing COVID-19 infections—no such number is available for Bharat Biotech’s Covaxin jab yet.

“We are baffled to understand what scientific logic has motivated the top experts…to approve this vaccine,” the All India Drug Action Network, a medical watchdog in India, said in a statement on Jan. 3. “The decision to approve an incompletely studied vaccine will raise more questions than answers…and likely will not restore faith in scientific decision making bodies.”

Took my first dose of the COVID-19 vaccine at AIIMS.

Remarkable how our doctors and scientists have worked in quick time to strengthen the global fight against COVID-19.

I appeal to all those who are eligible to take the vaccine. Together, let us make India COVID-19 free! pic.twitter.com/5z5cvAoMrv

— Narendra Modi (@narendramodi) March 1, 2021

In response, Bharat Biotech chairman Krishna Ella defended the Indian government’s decision, saying in a press conference that the company had carried out “honest clinical trials” and had a strong track record of making safe and effective vaccines. On Jan. 4, Ella also promised that Bharat Biotech would publish efficacy data on the vaccine within a week.

Nearly two months later, Bharat Biotech has still not publicly established that Covaxin is effective against COVID-19 even as the vaccine has been rolled out across India.

According to Bloomberg’s vaccine tracker, India has administered 14.3 million vaccine doses so far, but it is unclear how many of the doses are Covaxin jabs. India’s government has also approved another COVID-19 vaccine called Covishield, a vaccine that was originally developed by AstraZeneca and Oxford University but produced by the Serum Institute of India. In the wake of launching India’s vaccination campaign on Jan. 16, India’s government said it procured 5.5 million Covaxin doses and 11 million Covishield doses.

Bharat Biotech has pledged to release Covaxin data soon.

On Feb. 22, Ella said that his firm would publish Covaxin efficacy data within two weeks and attributed the delay to the structure of Bharat Biotech’s trials.

“We moved so fast, but unfortunately we missed the efficacy time point,” Ella said. “Had we done the phase 2/3 [trials] combined, we would have captured efficacy faster.”

Bharat Biotech’s lack of data, however, is creating problems in its rollout.

In February, the central Indian state of Chhattisgarh said that it would stop administering Covaxin until Bharat Biotech could prove the vaccine was effective.

Internationally, Bharat Biotech is reportedly in the process of filing for approval of Covaxin in over 40 countries, but so far Iran is the lone foreign country to authorize the company’s application for emergency approval.

Brazil also reportedly purchased 20 million Covaxin doses last week, but some government officials are seeking to block the shipment because of Bharat Biotech’s lack of efficacy data.

Now, even as Bharat Biotech’s vaccine remains unproved, Modi’s vaccine jab signals that the company at least has the support of India’s most powerful man.

About the Author
Grady McGregor
By Grady McGregor
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

kean
PoliticsCongress
Tom Kean discloses depression diagnosis behind 4-month absence from Congress: ‘until you experience it yourself, it is difficult to fully understand’
By Mike Catalini, Joey Cappelletti and The Associated PressJune 30, 2026
22 hours ago
‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
HealthBrainstorm Tech
‘Cop on your wrist’: Wearables offer tons of data, but people are still going to sleep to Netflix and TikTok
By Amanda GerutJune 29, 2026
2 days ago
usa
EnvironmentHeat
Long and dangerous heat wave to roast America from Dallas to New York through July 4th holiday
By Marc Levy and The Associated PressJune 29, 2026
2 days ago
France suffers 1,000 additional deaths in just the past week amid record heat wave—and 85% involved people aged 65 and above
EuropeWeather and forecasting
France suffers 1,000 additional deaths in just the past week amid record heat wave—and 85% involved people aged 65 and above
By Kirsten Grieshaber, John Leicester and The Associated PressJune 28, 2026
3 days ago
Peter Rahal speaks on stage in front of a black and purple background.
RetailFood and drink
David Protein CEO says ‘diet trends are over’ because of GLP-1s: ‘What’s next is really hard to predict’
By Sasha RogelbergJune 28, 2026
3 days ago
What 3 million Americans quitting Obamacare shows: Republicans couldn’t repeal it, so they made it unaffordable
HealthHealth Insurance
What 3 million Americans quitting Obamacare shows: Republicans couldn’t repeal it, so they made it unaffordable
By Ali Swenson and The Associated PressJune 27, 2026
4 days ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
1 day ago
Current price of oil as of June 30 2026
Personal Finance
Current price of oil as of June 30 2026
By Joseph HostetlerJune 30, 2026
1 day ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.