Stud farms to sturdy vaccines, the story of Pune’s Poonawallas, the owners of Serum Institute and manufactures of the Oxford vaccine in India…
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00:00At the cost of huge profits that we have sacrificed for keeping the prices very affordable and
00:19the lowest in the world.
00:20They are not the biggest in terms of revenue because for almost all of their products they
00:25use a very high volume, low price approach.
00:29And yet they do that with very high quality.
00:39India being a socialist country, I decided to get away from it and do something with
00:43the masses.
00:45And this suggestion was given to us by one of the doctors, that why don't we go in for
00:50life-saving drugs.
00:51That's how Serum Institute was born and conceived.
00:59The challenges were red tape and delay for permissions from all the government agencies.
01:12And the major breakthrough came when we got pre-qualified for supplying vaccines to UN
01:19agencies.
01:29The company has grown and succeeded in taking on big challenges and so Serum actually ships
01:49far more vaccines to the world than it ships in India.
01:53It's a big supplier to India as well.
01:56Africa gets a very high percentage of its vaccines from Serum.
02:56We were amazed with what he already knew.
03:10He was also very impressed, of course, to answer your question on the new facilities
03:14that we've built in record time.
03:16In fact, we've added a third facility also that we showed him so that we can handle more
03:22than a billion doses a year.