Supply of Covishield will not be affected, fire caused damage of over 1,000 crores: Serum CEO Adar Poonawalla

By: |
Updated: January 22, 2021 6:36 PM

A fire accident at the vaccine manufacturing facility of Serum Institute of India (SII) in Pune on Thursday claimed five people.

fire at SII, serum Institute of india, Adar poonawala, Adar poonawala press conference with Uddhav Thackrey, fire at serum institure, covishield manufacting, vaccine manufacturer SII, Uddhav ThackreyManufacturing of Covid-19 vaccine not affected in fire at SII, says Adar Poonawalla (ANI Image)

Serum Institute of India CEO Adar Poonawalla has said that the fire accident at the vaccine manufacturing facility in Pune on Thursday will not affect the supply of Covishield. However, he said that the damage caused by the fire is more than 1,000 crores.

In a press conference with Maharashtra Chief Minister Uddhav Thackrey, Poonawalla said that no actual vaccine was being made at that facility.

In a statement to ANI, the SII officials cited that they have suffered financial losses due to the fire in an under-installation building of SII plant at Manjari, Pune this will only impact the production of BCG & Rota vaccines and not of Covid-19 vaccine.

A fire accident at the vaccine manufacturing facility of Serum Institute of India (SII) in Pune on Thursday claimed five people. The fire broke at the SEZ at the Manjari campus at around 2 pm and may have been caused by welding activity, the district administration has indicated. The victims, all labourers working on the fifth floor of the building were rescued and taken to government Sassoon Hospital but died in the hospital.

More details awaited.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1PM must make statement in Parliament, clarify whether snooping was done: Chidambaram on Pegasus row-
2We must move forward with ‘Nation First, Always First’ mantra: PM Modi at ‘Mann Ki Baat’
3‘Best assurance’ from UK on Vijay Mallya extradition: Foreign Secretary Shringla