Hester signs agreement for production of Classical Swine Fever Vaccine and Sheep Pox Vaccine; Stock soars 8%

The company acquires technology from ICAR – IVRI for the production and commercialization of these vaccines.

Apr 08, 2021 03:04 IST India Infoline News Service

Hester Biosciences Limited has signed two agreements with ICAR-IVRI (Indian Council of Agricultural Research – Indian Veterinary Research Institute), for acquiring technologies for the production and commercialisation of Classical Swine Fever Vaccine and Sheep Pox Vaccine.

The company stock was in demand on Thursday, hitting a day's high of Rs2250 per piece. Hester Biosciences Ltd was trading at Rs2176.90 per piece up Rs163.85 or 8.14% on the BSE.
The company said in a regulatory filing on Thursday that these vaccines are the first that have been developed within the country by using locally isolated strains, a step towards making India self-sufficient, Atmanirbhar, for the country’s requirement of Classical Swine Fever Vaccine and Sheep Pox Vaccine.

The agreements were signed on March 26, 2021, followed with a virtual ceremony that took place on April 7, 2021. The technologies were developed by ICAR-IVRI and the commercialization of the technologies was facilitated by Agrinnovate India, a company owned by Department of Agricultural, Research & Education (DARE), Ministry of Agriculture, Government of India.

Both the vaccines have been extensively tested by IVRI for safety and potency and have been found to provide 100% protection.

Classical Swine Fever Vaccine has been found to induce protective immunity up to 24 months. Sheep Pox Vaccine has been found to induce protective immunity up to 48 months. The vaccines hope to prevent economic losses in swine and sheep farming in India, company said.

It is Hester’s endeavour to produce good quality vaccines, at low cost in order to enable the immunisation of animals against these diseases. Hester has targeted to launch both the vaccines commercially in approximately 8 months.

The swine population in India is estimated to be 9.06 million (90 lacs). The sheep population in India is estimated to be 74.26 million (7.42 crores). With a focus on livestock as a source of income, the over-all population of swine and sheep is expected to grow rapidly thereby increasing the demand for vaccines.

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