Serum Institute makes vaccines available at ‘cup of tea’ price: Cyrus Poonawala

Serum Insitute of India President Cyrus Poonawalla said on Monday that poor countries around the world were using the vaccines made by the company because the doses were made available at the cost of a “cup of tea”.

Poonawalla was speaking at the Pune International Business Summit, organized by the Mahratta Chamber of Commerce, Industry and Agriculture (MCCIA), where he was congratulated for receiving the Padma Bhushan Award.

He said two-thirds of the world’s population has been protected by one or more of the IBS vaccines.

“Most of our vaccines have been used by poorer countries. UNICEF and other philanthropic organizations have offered to purchase the vaccine which I provided with the help of my staff and scientists to make it affordable at the cost of a cup of tea and it has made the world self-sufficient for most of the communicable vaccines needed to protect children and adults,” he said.

He said the main crux of the matter is that the same model which is low cost and high production, has been applied to meet 90% of India’s COVID vaccine needs.

“All over the world they are surprised how a company in India was able to provide vaccines to protect the rest of the countries. Not just Africa, I must point out that 170 countries in the world are using SII vaccines,” said he added.

“Experts around the world have estimated that around 30 million children’s lives have been saved because we provided affordable vaccines,” he said.

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