How a horse breeder launched the world's largest vaccine manufacturer

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

In a world where many are plagued by high medication costs, one company has risen to become the go-to source for affordable immunization. Serum Institute of India is currently the world's largest vaccine manufacturer, by volume. They produce a large variety of economical life-saving vaccines, that are currently estimated to be used by over 65% of children worldwide. CNBC's Tanvir Gill speaks to its CEO, Adar Poonawalla, to learn more about the company's road to success.

From its humble beginnings as a horse breeding farm in India to becoming the world's largest vaccine manufacturer, Serum Institute of India has undergone rapid growth throughout the decades to reach its exceptional status.The company faced various challenges from getting permits and licenses to not being able to meet the global demand. But today, it is estimated that more than half the children in the world have been administered with their vaccine.

After Adar Poonawalla became the CEO in 2011, he noticed the company did not have enough capacity to meet the growing global demand, leading him to invest more in capacity. Adar's forward-thinking during the Covid-19 pandemic has also led the company to fame, competing with major players to produce low-cost covid vaccines.

As the world learns to live with Covid, Serum Institute also has plans to expand its vaccination portfolio and into the Western markets.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He looks like a horserucker

Well! The story is just started. Waiting for the end!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Institute for Translational Medicine receives $51M grant to improve health equity in Chicago areaInstitute for Translational Medicine receives $51M grant to improve health equity in Chicago area
Source: cbschicago - 🏆 546. / 51 Read more »

Salk Institute scientists want to know what makes a good art exhibitThe setting can be as impactful as the exhibit when you step into a museum. KPBS sci-tech reporter tfudgesd tells us about an experiment that tries to determine what museumgoers really want to see.
Source: KPBSnews - 🏆 240. / 63 Read more »

Dallas can fix racial inequities in transportation, report saysDallas' top leaders have acknowledged the city's racist past and are now faced with making systemic changes to improve opportunities for people of color. Transportation. I suppose one has to start somewhere If Dallas is using the Infrastructure Bill money to improve transportation, TX Democrats need to promote it was Biden not the GOP and Abbott. texasdemocrats BetoORourke How is transportation racist
Source: axios - 🏆 302. / 63 Read more »

French Department Store Galeries Lafayette Expands to IndiaFamed French department store Galeries Lafayette is setting up shop in India.The retailer will open its doors in Mumbai and New Delhi through an exclusive partnership agreement with local fashion group Aditya Birla Fashion and Retail Ltd.
Source: wwd - 🏆 24. / 68 Read more »

At Climate Summit, India Pushes for Leeway on Coal, Western Emission CutsIndia is stepping up its efforts to get wealthy nations to slash their carbon emissions while allowing poorer countries to boost theirs in the name of economic growth. Go with per capita emissions. This was the entire point all along. Redistribution of global wealth using a great boogie man as the justification. usa is cutting their throats for fake climate change BS
Source: WSJ - 🏆 98. / 63 Read more »