"Decided To Go All Out": Poonawalla's $250 Million Gamble On Vaccine
Adar Poonawalla is equally frank about the gamble his company is making.Adar Poonawalla is an Indian billionaire whose family-owned firm makes more vaccines a year than any other company on Earth. Ask him about the race for a coronavirus vaccine and he will offer some unvarnished opinions.One prominent vaccine candidate is "a joke" that will not work for the developing world. Anyone who declares how long a vaccine will confer immunity is talking "nonsense."
The world's entire population will not be immunized until 2024, he says, contrary to rosier predictions.Adar Poonawalla is equally frank about the gamble his company, Serum Institute of India, is making in the pandemic. He is putting $250 million of his family's fortune into a bid to ramp up manufacturing capacity to 1 billion doses through 2021."I decided to go all out," said Adar Poonawalla, 39.