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Cyrus S. Poonawalla is an Indian Bussinessman, the chairman of Poonawalla Group, which includes Serum Institute of India, the Indian biotech company that manufactures paediatric vaccines.
Early Career - Born into a family whose decades-old ties to India’s horse racing circuit through the family's owned Poonawalla Stud Farms, by age 20, Dr. Poonawalla realized that horse racing had "no future in the socialist India of the time." And first experimented with cars. along with his school friend he built a $120 prototype sports car modeled on the D-type Jaguar. But producing it on a commercial basis required more money than they had. Dr. Poonawalla abandoned the idea, realizing that making a product for the masses, rather than India's elite, would be a smart move. Business Pharmaceuticals- In 1966 Dr. Poonawalla founded Serum Institute of India (SII) which launched its first therapeutic anti-tetanus serum within two years, and began producing the anti-tetanus vaccines.By 1974 Serum Institute introduced the DTP vaccine, which protects children from diphtheria, tetanus and pertussis, followed by an anti-snake-venom serum for snakebites in 1981. In 1989 Serum Institute began the production of its Measles Vaccine M-Vac and within a year Serum Institute became the country's largest vaccine manufacturer. In the 80s India was made self-sufficient for Tetanus, Diphtheria and Whooping Cough vaccines thanks to the production from Serum Institute. |
Adar Poonawalla (born 14 January 1981) is the chief executive officer (CEO) and executive director of Serum Institute of India. Founded in 1966 by his father, Dr. Cyrus Poonawalla, it is the world's largest vaccine manufacturer by number of doses produced. Adar Poonawalla joined Serum Institute in 2001 after earning a bachelor's degree in management from the University of Westminster in London. Then exporting its products to 35 countries, Poonawalla concentrated on the company's international market and getting new products licensed and pre-qualified by the World Health Organization for supply to United Nations Agencies includiing UNICEF and PAHO. As of 2015, the company now exports its products to over 140 countries. 85 percent of its revenues are from overseas.
In 2013 he hosted Charles, Prince of Wales and The Duchess of Cornwall during a private visit to Serum Institute's manufacturing facility in India.The Serum Institute of India offered to donate five million vaccines to a country of The Prince's choosing. |
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