On Aug. 6, 2020, Novavax announced it had entered a supply and license agreement with the Serum Institute of India for the development and commercialization of its COVID-19 vaccine candidate. The Indian drug maker has exclusive rights for the vaccine in India during the term of the deal and non-exclusive rights during the ﾓPandemic Periodﾔ in all countries other than those designated by the World Bank as upper-middle or high-income countries.