hen the coronavirus pandemic broke out last year and the world clamoured for a vaccine to bring life back to normal, one company in western India was fully confident of playing a key role – indeed, it had spent years preparing for this very moment.
Serum Institute of India (SII), a family-run pharmaceutical giant that started out as a horse farm in the 1960s, is at the centre of the world’s crusade against Covid-19 thanks to its ability to produce over 1.6 billion vaccine doses per year. According to its owners – the billionaire Poonawalla family – its production capacity is unmatched anywhere in the world.
It is a testament to this that the Indian government’s vaccine rollout cannot keep up: even with the country exporting and gifting millions of doses to its neighbours and allies, SII is sitting on stockpiles of upwards of 55 million doses in cold storage.