While discussing the financial constraints of the vaccine industry, Poonawalla called for relaxing price caps to encourage innovation and growth.
Analysts have pointed out that this year the dominance of Hindi language films has considerably weakened and the industry is in dire need of a rebound.
In case of a collaboration it could take two to three months to import the vaccine into the country, Poonawalla said in an interview to news channel NDTV.
The Serum Institute has produced more than one billion doses of Covishield -- its version of the AstraZeneca jab -- and is a major supplier to the Covax global inoculation programme for poorer countries.
The Novavax shot, which the world's largest producer of vaccines calls Covovax, has shown good results in trials in children aged three and older, Adar Poonawalla told a virtual conference organised by the Confederation of Indian Industry.
Multi-year opportunity awaits Indian vaccine manufacturers such as DRL, Gland Pharma, Aurobindo Pharma and Cadila Pharma
Covishield is the brand name for the AstraZeneca-Oxford University COVID-19 vaccine. Prime Minister Narendra Modi on February 10 had assured his Canadian counterpart Justin Trudeau that India would do its best to facilitate supplies of COVID vaccines sought by Canada.
The unseemly hurry to hand out approvals without adequate data in at least one case has long term implications for the Indian vaccine industry’s reputation
As things stand, the COVID-19 vaccination programme will be an enormous national project. An acceleration of the timetable may turn out to be the biggest effort the Indian State has made in its history
In a tweet on August 2, Mahindra had joked about a vaccine called "Big V", a reference to the Amitabh Bachchan's popular nickname "Big B" and how all of India needs a dose of that.
Investment banks Goldman Sachs, Citi and Avendus Capital have been engaged as advisors for the process by the privately held vaccine manufacturer, say sources.
Adar Poonawala took over from his father Cyrus, to guide the fortunes of the group. In an exclusive interview, he spoke about some of the group’s initiatives.
Adar Poonawala, CEO of Serum Institute, believes that a bigger partnership with Cipla will create a big Indian conglomerate. However, he added that the Cipla promoters currently have no plans for a merger and acquisition.
Serum Institute CEO Adar Poonawala has told CNBC-TV18 that Cipla and Serum will not be merging anytime soon. Cipla and Serum Institute have joined hands to sell products jointly across various countries in the world.