India: Serum Institute buys defunct Czech vaccine maker for $78m

Serum Institute of India CEO Adar Poonawalla. Photo: Abhijit Bhatlekar/Mint

Serum Institute of India Ltd, the world’s largest vaccine maker by number of doses produced and sold, has acquired a defunct unit of Czech Republic-based injectable polio doses maker Nanotherapeutics Inc. for €72 million (Rs521 crore), according to a company statement.

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