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Gates Backs Poonawalla With $150 Mn War Chest

Mail Today

August 08, 2020

Virus vaccine to be rolled out in early 2021

Gates Backs Poonawalla With $150 Mn War Chest

Poonawalla family-led Serum Institute of India said on Friday it would receive $150 million (Rs 1,125.6 crore) in funding from the Bill & Melinda Gates Foundation and the GAVI vaccines international alliance to make 100 million COVID-19 vaccine doses for India and other emerging economies as early as the first half of 2021.

Serum Institute said in a statement that it has entered into a new partnership with international vaccine alliance GAVI and Bill & Melinda Gates Foundation to accelerate the manufacturing and delivery of the vaccines.

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