Categories: National

Serum Institute to invest £240 million to expand its vaccine business in UK

Serum Institute of India (SII) is expanding its vaccine business in the United Kingdom with an investment of £240 million. The serum has already started phase one trials in the UK of a one-dose nasal vaccine for coronavirus, in partnership with Codagenix INC. This was a part of the £533 million of new Indian investment in the UK in growing sectors such as health and technology.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Serum’s investment will support clinical trials, research & development and possibly manufacturing of vaccines. This will help the UK and the world to defeat the coronavirus pandemic and other deadly diseases.

Important takeaways for all competitive exams:

  • The SII was founded by Cyrus Poonawalla (Adar Poonawalla’s father) in 1966.
  • Adar Poonawalla joined the Serum Institute of India in 2001 and became the CEO of the company in 2011.

Find More National News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Telangana Becomes First State to Implement SC Sub-Categorisation

The Telangana government has become the first in India to implement Scheduled Castes (SC) sub-categorisation,…

9 hours ago

Which City of Ukraine is Known as the Mother of Rus’ Cities?

There is a famous city in Ukraine that is known for its rich history, old…

10 hours ago

Martyrs of Jallianwala Bagh – Remembering the Unsung Heroes

Every year in mid-April, India remembers the heartbreaking Jallianwala Bagh massacre. On April 13, 1919,…

11 hours ago

Siachen Day: Honouring the Bravehearts of the World’s Highest Battlefield

Every year on April 13, Siachen Day is observed to honour the indomitable courage and…

12 hours ago

Milkfed Launches ‘Veera’ Mascot for Verka to Boost Nationwide Presence

In a strategic branding move, Milkfed Punjab, one of India’s largest state dairy cooperatives, has…

12 hours ago

India Finishes Second Overall in First ISSF World Cup 2025

India showcased a powerful start to the international shooting season, securing the second position overall…

12 hours ago