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Wednesday, October 28, 2020

Serum Institute CEO Adar Poonawala has a question for govt: ‘Will it have Rs 80,000 cr to give each Indian Covid vaccine’

Serum Institute of India has the licence to produce and market two of the leading vaccine candidates, one being developed by AstraZeneca and the Oxford University, and the other one by US company Novavax.

By: Express Web Desk | New Delhi | Updated: September 28, 2020 9:12:55 am
sii ceo question, six CEO Adar Poonawalla question, India coronavirus vaccine,India coronavirus vaccine cost, covid-19 vaccine cost, serum institute covid vaccine,Serum Institute CEO Adar Poonawalla. (File Photo)

Serum Institute of India (SII) CEO Adar Poonawala Saturday asked if the government will have Rs 80,000 crore available over the next one year to buy and distribute the Covid-19 vaccine.

Terming it as “next concerning challenge” that needs to be tackled, Poonawala tweeted, “Quick question; will the government of India have 80,000 crores available, over the next one year? Because that’s what @MoHFW_INDIA needs, to buy and distribute the vaccine to everyone in India.”

He also tagged the prime minister’s office in his tweet. “I ask this question, because we need to plan and guide, vaccine manufacturers both in India and overseas to service the needs of our country in terms of procurement and distribution,” he added.

SII, the world’s largest vaccine manufacturer, has the licence to produce and market two of the leading vaccine candidates, one being developed by AstraZeneca and the Oxford University, and the other one by US company Novavax. The Oxford University vaccine is currently undergoing phase-II and phase-III trials in India. Earlier, the institute had announced that it will make the Oxford vaccine available at USD 3 for low-and-middle-income countries including India.

Apart from bringing some of the leading contenders of a coronavirus vaccine to India, the Serum is developing its own vaccine as well. It is partnering with SpyBiotech, a spin-off of Oxford University, for this purpose. Their vaccine candidate has entered into combined phase-I/phase-II clinical trials, which are being done in Australia. The trials began in the first week of September.

Meanwhile, while addressing the United Nations General Assembly (UNGA), Prime Minister Narendra Modi has said that as the largest vaccine producing country of the world, India’s vaccine production and delivery capacity will be used to help people across the world. “As the largest vaccine producing country of the world, I want to give one more assurance to the global community today. India’s vaccine production and delivery capacity will be used to help all humanity in fighting this crisis,” PM Modi said.

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