Tuesday, November 23, 2021

Covid vaccination in children – the next dilemma


            ·       Vaccine  supplies  should be sufficient for child vaccinations

·       A robust surveillance system is critical

·       Need National policies on vaccinating children

 

All approved or emergency use authorized vaccinations have demonstrated ability in protection against moderate to severe Covid illness in people above 18 years of age. mRNA-based vaccine by Pfizer (BioNTech) has been given emergency use authorization in USA for children above 5 years of age. Inactivated virus-based vaccine (Covaxin) and DNA-based vaccine (ZyCoV-D) have been tested in children in India. While Covaxin is tested in children aged 2 to 18 years, ZyCoV-D is tested in children aged 12 to 18 years. ZyCoV-D has received emergency use authorization in children aged 12 to 18 years. Subject Expert Committee (SEC) of the Central Drugs Standards Control Organization (CDSCO) has recommended Covaxin for use in children aged 2 to 18 years in October. However, it is awaiting the approval of drug regulator says Dr Krishna Reddy Nallamalla, President, InOrder, South Asia Regional Director, ACCESS Health International.               

 

Now that the vaccines have been tested and approved for use in children, there is an ongoing dialogue and debate on use of Covid vaccines in children. Covid pandemic can be controlled only when a critical proportion of the population has immune protection either from natural infection or vaccination. This ranges from 65 to 85% of the population according to the reproduction rate (R0) of the viral variant. Children aged 18 years and less constitute nearly 40% of the population in India. Hence, it is critical that enough children also have immune protection for the country to reach herd immunity to stop the pandemic.

 

Governments across the world are adopting a policy of giving priority to people at risk for higher rates of hospitalization and death in the face of vaccine supplies not commensurate to the needs. Global bodies are also urging nations to consider priority setting in the global context and not just in national or subnational context as the world is not safe until enough proportion of the world population has immune protection. These pose ethical dilemmas to policy makers in every country. The same ethical dilemma is playing out in the context of vaccination for children. We have to ensure that the most vulnerable (elderly, people with multiple morbidities, and people with compromised immunity) receive mandated doses of vaccines before we consider Covid vaccines for children. The same ethical dilemma is in the case of giving booster doses. 

 

Children should be vaccinated if the supplies are available after vaccinating eligible adults. Though children have very low risk for developing moderate to severe illness, infected children can continue the viral transmission to unvaccinated vulnerable adults. In addition, it will enable children to attend their schools as before. Long term physical, mental and scholastic effects of prolonged absence from schools on child development will be known only in coming years.

 

The issue of booster doses is also playing on policy related to vaccinating children. It is now apparent that the immunity wanes over time after vaccinations. Booster doses are already being recommended to vulnerable people in many countries. Some countries are taking a decision to give booster dose to everyone. Evidence is gradually mounting that points to a need for annual boosters against Covid illness akin to flu vaccines. Booster doses to adults may take priority over vaccines for children in near future.

 

Studies are demonstrating safety of vaccines in children. However, post vaccination surveillance has to be more robust in children to identify potential safety issues in future. The risk to benefit ratio will be different in children compared to adults given the very low risk of developing moderate to severe illness in children. A concern was raised on the potential risk of developing myocarditis in young males with mRNA vaccines. However, it was concluded that the benefit of vaccines outweighs the rare complication of self-limiting myocarditis. Given weak surveillance systems in India, it is highly critical that a good surveillance system is in place before taking the policy on vaccination in children. 

 

In summary, children should be vaccinated if supplies are sufficient. A robust surveillance system is critical to address safety concerns. National policies on vaccinating children have to address global inequities and priority setting in the context of demand-supply mismatch.

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...