Billionaire vaccine maker Adar Poonawalla bought the stake for Rs 1,000 crore. Social media users called the development 'a booster shot for Bollywood'.
IntegriMedical has developed a US patented needle-free Injection System (N-FIS) that utilises high-velocity jet stream using mechanical power to effectively and consistently administer biologics and drugs, Serum Institute of India (SII) said in a statement.
The Indian drugmaker said it is committed to transparency and safety and had taken all the required steps to disclose the rare side effects of the vaccine
The company currently sells about 1.5 billion total vaccine doses every year, and estimates a total production capacity of as much as 4 billion doses.
Serum Life Sciences would make an additional equity investment of $150 million through the conversion of the $150 million loan provided to Biocon Pharma Limited.
The R21/Matrix-M vaccine, leveraging Novavax's adjuvant technology, has been approved for use by Africa's Food and Drugs Authority in Ghana for children aged 5 to 36 months - the age group at the highest risk of death from malaria.
He said the company already has six million booster doses of Covovax vaccine available and adults must take the booster shot.
Proposing the uptake of newly approved COVID vaccine, the CEO of Serum Institute said Omicron XBB & its variants can be severe for the elderly.
Last year, a Wockhardt unit tied up with a subsidiary of Serum Institute of India to set up a vaccine manufacturing facility in Wrexham, North Wales (UK).
The centre “Dr Cyrus Poonawalla Center of Excellence for Infectious Diseases and Pandemic Preparedness” will be located at the Indian Institute of Public Health, a release said.
He said everyone was looking at India, not just in terms of healthcare but because the country managed to take care of a huge and diverse population and also helped 70 to 80 nations during the COVID-19 pandemic.
Covovax is manufactured through technology transfer from Novavax. It has been approved by the European Medicines Agency for conditional marketing authorisation.
Serum Institute of India chief Adar Poonawalla says that news of surging Covid cases in China is concerning, but India, with its excellent vaccination coverage, does not need to panic.
To commit fraud, the accused persons made a WhatsApp account with Adar Poonawalla's photo.
The venture between Bio Vaccine Nigeria and Serum Institute would start by producing 15% of vaccines used in local immunisation.
The fraud unfolded between the afternoons of Wednesday and Thursday, said an official of Bundgarden police station.
Petitioner Dilip Lunwat, the petitioner, said his daughter, a medical student, had severe headaches and vomiting after taking the vaccine in 2021. She was taken to a hospital where doctors found bleeding in her brain.
Petitioner Dilip Lunwat has also made Microsoft founder Bill Gates whose foundation had partnered with the SII, the Union government, Maharashtra government and Drug Controller of India respondents to the plea.
Speaking to reporters on the sidelines of an event, he said there is good data available for Covavax vaccine.
A US delegation comprising Lacina, US Consul General in Mumbai Mike Hankey, CEO of Novovax Inc Stanley C Erck, and others visited Serum Institute of India (SII) headquarters in Pune and met its CEO Adar Poonawalla to celebrate 75 years of the US-India bilateral partnership.
The CEO of Serum Institute says the company is in talks with three drug makers. He says the company has built an additional capacity and now has a vaccine-making capacity of 4 billion doses.
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.
India shares more than a quarter of the global cervical cancer burden although the country contributes 17 percent of the world’s population.
But immunologists are not convinced, noting that new vaccines may not be needed as COVID has become endemic.
A separate HPV working group of the National Technical Advisory Group on Immunisation (NTAGI) had examined on June 8 the clinical trial data and usefulness of the vaccine for inclusion in the national immunisation programme, they said.