US to provide financial assistance to Indian vaccine manufacturer: Document

The US will provide financial assistance to support Indian drug-maker Biological E's effort to produce at least 1 billion doses of COVID-19 vaccines by the end of 2022, a document released by the White House on Friday after the Quad summit said. The Quad leaders, at a virtual summit, decided to launch a mega vaccine initiative under which coronavirus vaccines will be produced in India for the Indo-Pacific region with financial assistance from the US and Japan, while Australia will contribute in logistical aspects.

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