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Centre does away with local trials for foreign COVID-19 vaccines to fast-track imports

Centre does away with local trials for foreign COVID-19 vaccines to fast-track imports
India has been inoculating its people with the AstraZeneca vaccine produced locally at the Serum Institute, Covaxin made by local firm Bharat Biotech, and has begun rolling out Russia's Sputnik V
Reuters | May 27, 2021 | Updated 15:31 IST
India on Thursday scrapped local trials for "well-established" foreign coronavirus vaccines to fast-track imports as it battles a devastating second wave of the pandemic that has killed tens of thousands of people. India recorded its highest COVID-19 death toll since the pandemic began last year in May, accounting for just over a third of the overall total.

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UP to spend $1.36 billion on COVID-19 vaccines amid shortage

The move by Uttar Pradesh comes as many Indian states curtail vaccinations due to severe shortages amid a record surge in coronavirus infections, with India recording more than 4,000 deaths for a second straight day as its health system fails to cope

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COVID-19 vaccine: SII, Bharat Biotech to raise production by August

COVID-19 vaccine: SII, Bharat Biotech to raise production by August
While Pune-based Serum Institute said it can ramp up the production to 10 crore, the Hyderabad-based Bharat Biotech said they can raise the production to 7.8 crore doses till August
BusinessToday.In | May 13, 2021 | Updated 09:33 IST
Serum Institute of India and Bharat Biotech have submitted their production plan for the next four months as several states continue to report the shortages of COVID-19 vaccines.
While Pune-based Serum Institute said it can ramp up the production to 10 crore, the Hyderabad-based Bharat Biotech said they can raise the production to 7.8 crore doses till August.
Whole-time Director of Bharat Biotech Dr V Krishna Mohan told the Union Health Ministry and the office of Drugs Controller General of India (DCGI) that the production of Covaxin can be raised to 3.32 crore in July and 7.82 crore in August, which will also be maintained in September.

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How profitable is Adar Poonawalla's Serum Institute?

How profitable is Adar Poonawalla's Serum Institute?
At Rs 300, the expected earnings from, let's say, 500 million doses of Covishield stand at about Rs 15,000 crore, which is near three times the total revenue of Serum Institute in FY20
Adar Poonawalla poses with first consignment of Covishield (Photo credit: Twitter)
Vaccine-maker Serum Institute of India has become a household name as Indians scramble to book vaccine slots amid a devastating second wave of coronavirus. While Serum is one of the world's biggest vaccine manufacturers, its name made it to common parlance with the breakout of COVID-19 -- and there is proof to show for it. According to corporate database Capitaline there are 418 Indian companies that posted revenues above Rs 5,000 crore in 2019-20. Out of those, Serum earned the maximum net profit for every rupee of revenue.

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AstraZeneca, Novavax ready to team up with SII for mass jab production

AstraZeneca, Novavax ready to team up with SII for mass jab production
Located in the city of Pune in Maharashtra, the SII is the world's largest vaccine manufacturer by volume
PTI | February 25, 2021 | Updated 08:06 IST
Covishield is less expensive compared to some of the other vaccines being used such as the ones from Pfizer-BioNTech and Moderna
British-Swedish pharma giant AstraZeneca and US pharmaceutical major Novavax have told lawmakers that they are ready to scale up their production of COVID-19 vaccines in partnership with the Serum Institute of India.
Located in the city of Pune in Maharashtra, the SII is the world's largest vaccine manufacturer by volume.

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COVID-19 vaccine: Govt panel to review gap between two doses of Serum's Covishield

In this meeting, the NTAGI will review the World Health Organisation's (WHO) recommendation to extend the gap between two doses of the AstraZeneca- Oxford vaccine from 4 weeks to 8-12 weeks

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Fire Breaks Out At Serum Institute Of India Terminal 1 In Pune

CEO Adar Poonawalla said equipment worth hundreds of crores were damaged in the fire, and the company is expected to face revenue loss of more than Rs 1,000 crore over the next one to two years.

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