Serum Institute to infuse Rs 755 crore on potential COVID-19 vaccine
"Our manufacturing facility is ready and we plan to start production in two months. We are spending more than $100 million for this facility. Till the trials are completed successfully for safety and efficacy, vaccines will not be distributed either in India or anywhere else in the world," informed Adar Poonawalla, CEO, Serum Institute of India (SII).
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Pune: Serum Institute of India is investing $100 million on a potential COVID-19 vaccine being developed at Oxford University, according to a company official.
The Pune-based company has partnered with AstraZeneca, a British company, to ensure equitable supply of the AZD1222 vaccine doses to India as well as low-and-middle-income countries.
"Our manufacturing facility is ready and we plan to start production in two months. We are spending more than $100 million for this facility. Till the trials are completed successfully for safety and efficacy, vaccines will not be distributed either in India or anywhere else in the world," informed Adar Poonawalla, CEO, Serum Institute of India (SII).
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