The business of vaccines during a pandemic: How the Serum Institute of India’s $1.2 Billion Covid-19 wager paid off

In March 2020, the World Health Organisation (WHO) declared COVID-19 a pandemic. Mr Poonawalla was faced with a critical choice – 1) wait for a vaccine to be authorised for use or 2) take a risk in partnering with a vaccine under trial  to secure a ‘first-mover advantage’.  Mr Poonawalla took a...