With Indian authorities expediting approvals, a viable Coronavirus vaccine may be commercially available earlier than anticipated.
India may get a viable Covid-19 vaccine by the second quarter of 2022, ahead of the original estimated timeline of late 2022, says Adar Poonawalla, chief executive officer of Serum Institute of India (SII), the world’s largest manufacturer of vaccines by number of does produced.
Speaking to Fortune India, Poonawalla stated that his company was working on two vaccine candidates, which are currently undergoing animal testing. “We are hoping that by the end of this year—around September-October—we should be able to go for human trials in India. And maybe in another six months from there we can look at [a] vaccine, if the vaccine shows that it is protective and elicits a good immune response,” Poonawalla said.
With an estimated fortune of $9.8bn (£7.46bn), Poonawalla, 78, is the founder and chairman of Serum Institute of India (SII) – the world’s biggest manufacturer of vaccines by number of doses produced, equivalent to about 1.5 billion shots per year. While SII had earlier predicted a Coronavirus vaccine to be commercially available around late 2022, it should be in the market by the second quarter of 2022 given the “positive feedback” received from regulators who are expediting approvals in a bid to developing a vaccine for the disease at the earliest.
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