Serum Institute chief executive officer Adar Poonawala has called for policy reforms to boost competitiveness as the company plans to launch new vaccines and make a foray in Europe and US markets by 2020.
The 50-year-old Pune based company is the world's largest producer of vaccines by volume and earns most of its revenue from domestic market and from countries in Asia, Africa and Latin America. On its growth agenda in the next three years is launch of new vaccines to prevent pneumonia, meningitis, cervical cancer and a novel biologic drug to treat dengue.
On Tuesday, it launched a rotavirus