The Philippine government, represented by Vaccine Czar Secretary Carlito Galvez Jr., Serum Institute of India (SII) and Faberco Life Sciences, Inc., have signed a Term Sheet on January 9, 2021 to secure the supply of 30 million doses of COVID-19 vaccine Covovax, which will be available starting third quarter of this year. “This is a significant milestone in relations between India and the Philippines. It shows that we don’t have to look far beyond Philippine shores to find friends who are willing to help each other out,” Kishore Hemlani, Founder of Faberco Life Sciences Inc., SII’s Philippine partner, said after the signing with Sec. Galvez. SII, the world’s largest vaccine manufacturer, partnered with Novavax, a US-based biotechnology company for the development and commercialization of the Covovax vaccine. The vaccine has the recombinant coronavirus spike protein nanoparticle and a Novavax-patented Matrix-M adjuvant to enhance the immune response and stimulate high levels of neutralizing antibodies. Covovax is in third-stage trials and expected to be approved for use by international regulators. “The vaccine will be used to vaccinate 15 million vulnerable and poor Filipinos. The vaccine is stable at 2°C to 8°C, the standard temperature that is within the existing cold chain system in the Philippines, thus allowing its distribution to the remotest barangays,” said Faberco Life Sciences Medical Director Dr. Luningning Villa.