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Serum Institute of India, or the fall of a global pharmacy giant


STORY - Adar Poonawalla, CEO of the world's leading vaccine manufacturer, is accused of failing to meet deliveries and raising prices.

On November 28, Adar Poonawalla welcomed Prime Minister Narendra Modi in Pune, western India, at the headquarters of the Serum Institute of India (SII), to visit a production line for vaccines against Covid.

Beside him are his father, Cyrus, founder of SII, the world's leading vaccine manufacturer, and his wife, Natasha, number two in the company, who chronicles his social life on her Instagram account.

This visit is a consecration for the forties, nicknamed in India the "prince of vaccines".

Six months later, the flamboyant boss is accused of not having honored all his delivery promises and of having made profits at the expense of the Indian state.

He is accused in particular of having charged different selling prices to the central government, the states and the private hospitals of the country.

Fearing for his safety, he fled to London, where his wife and two children live in a house in the Mayfair district, rented for 58,000 euros a week.

His escape passes

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Source: lefigaro

All business articles on 2021-05-18

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