Vardhman Health to invest Rs 100 crore in adult immunisation outreach
Vardhman Health Specialities (VHS) will enter adult immunisation by investing Rs 100 crore over the next year on technology, warehouse infrastructure and research, said the company.
The company has launch Immugard, a vaccine management solution that works from manufacturing, warehouse to end consumer. VHS will launch a product called VHS LogiTech that will reach out to education campuses, corporates and homes administration for direct, end consumers.
VHS said it is in talks for distribution and increase of easy access of the Covid-19 vaccine, joining hands with Association of Healthcare Providers (AHPL) and with vaccine providers to increase awareness and access to vaccines for influenza, typhoid, Hepatitis A & B, measles and other diseases. The company is in talks to select a Covid-19 vaccine.
“The COVID 19 pandemic has in a very unexpected and sharp manner brought the spotlight to lack of awareness of the importance and availability of adult vaccines in India. We are happy to be leveraging our experience and expertise in this industry to pioneer this effort and increase adult immunisation for some of the fast-growing diseases in India,” said J B Chowhan, chairman of VHS Group, India’s first WHO-certified pharma distribution company.
VHS earned Rs 500 crore as revenue in FY21 and it plans to double it to over Rs 1,000 crore in the next three years at least, with the adult immunisation division contributing a significant 30 per cent of this.
VHS has a pharma storage capacity of 30,000 square feet units in 18 places in India. This includes cold chain storage for pharmaceutical drugs and vaccines that need to be stored -20-25 degree Celsius.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
