Serum Institute set to become the largest polio vaccine maker in the world by 2020 quoting : forbesindia

Once commissioned in 2020, Serum Institute's injectable polio vaccine manufacturing capacity will rise to 200 million dosages which will make it the largest manufacturer of polio vaccines in the world. He was instrumental in taking the company into oral polio vaccine much against the conventional wisdom as many felt that polio was close to eradication around the world. Last Friday, he made the next big and logical acquisition that expanded his capacity to produce injectable polio vaccine by four times. This gave him access to injectable polio vaccine technology. Injectable polio vaccines are difficult to produce as the technology is an entry barrier.




The objective is to convert this old Baxter flu plant to the largest injectables polio vaccine plant in the world in two-and-a-half years' time. Serum Institute supplies vaccines including diphtheria, tetanus, pertussis, HIB, BCG, r-Hepatitis B, measles, mumps, rubella, meningitis a, influenza and polio vaccines, to more than 147 countries. Photo: Abhijit Bhatlekar/MintMumbai: Serum Institute of India Ltd, the world's largest vaccine maker by number of doses produced and sold, has acquired a defunct unit of Czech Republic-based injectable polio doses maker Nanotherapeutics Inc. for €72 million (Rs521 crore), according to a company statement. That was the objective of making this acquisition," said Adar Poonawalla, CEO of Serum Institute of India. Serum Institute of India CEO Adar Poonawalla.

Serum Institute to buy Czech vaccine maker for $78 mn – VCCircle

This is the company's first overseas takeover since it acquired Dutch Vaccine maker Netherlands Vaccine Institute's a production unit called Bilthoven Biologicals. Pharmaceuticals Poonawalla's Serum Institute buys NVI's production biz for $40M Megha Arora 5 years ago The Serum Institute of India Limited (Serum) has acquired the production unit of Netherland's state-owned vaccine maker Netherlands Vaccine Institute (NVI) called Bilthoven Biologicals for €32...Pharmaceuticals Serum Institute defers stake sale plan Anuradha Verma 2 years ago Serum Institute of India Ltd, the world's fifth-largest vaccines maker by volume and the largest in Asia, has postponed its plan to sell a minority... Pune-based Serum, the world's largest vaccine maker by number of doses produced and sold, said the deal will help it increase production capacity of polio vaccines four-fold to more than 200 million doses by 2019 and make it the largest injectable polio vaccine maker in the world. Serum has paid about €45 million for the acquisition and will pay the remaining over the next year. Adar Poonawalla, CEO of Serum Institute, was cited in media reports as saying that the company plans to invest €30-40 million more to upgrade the Czech unit and make it functional over the next two to three years.


collected by :Lucy William

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