Adar Poonawalla commits 100 million doses of vaccines every year to Biocon Biologics

Adar Poonawalla commits 100 million doses of vaccines every year to Biocon Biologics

Biocon Biologics will provide 15%stake to Serum Institute Life Sciences.


In addition to vaccines, the 2 business would establish antibodies targeting numerous transmittable illness like dengue and HIV.|Image Credit: AP

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Biocon Biologics will provide 15%stake to Serum Institute Life Sciences.

Biocon Biologics Limited (BBL) will provide roughly 15%stake to Serum Institute Life Sciences Private Limited (SILS) at a post-money assessment of $4.9 billion in exchange for dedicated access to 100 million dosages of vaccines per year for 15 years, mostly from SILS’s upcoming vaccine center in Pune with commercialisation rights of the SILS vaccine portfolio, consisting of COVID-19 vaccines, for international markets.

Biocon Biologics Limited (BBL) is a subsidiary of Biocon Ltd. and Serum Institute Life Sciences Private Limited (SILS) is a subsidiary of Serum Institute of India.

Pursuant to the regards to the arrangement, BBL would produce a dedicated income stream and associated margins, beginning H2 of FY23

Adar Poonawalla, CEO, Serum Institute of India, with Kiran Mazumdar-Shaw, Executive Chairperson, Biocon & Biocon Biologics
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Kiran Mazumdar-Shaw, Executive Chairperson, Biocon & Biocon Biologics, stated, “This alliance will match the strengths and resources of the 2 leading gamers in vaccines and biologics.”

Adar Poonawalla, CEO, Serum Institute of India, stated, “We eagerly anticipate matching each other’s abilities and capabilities in vaccines and biologics with the goal of dealing with inequitable gain access to, both in emerging and established markets, for life-saving vaccines and biologics.”

Mr. Poonawalla will get a seat on the board of Biocon Biologics Limited.

In addition to vaccines, the tactical alliance would establish antibodies targeting a number of contagious illness like dengue and HIV.







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