Cyrus Poonawalla?s Serum Institute of India to enter injectable polio vaccine market, undercut Glaxo

Billionaire Cyrus Poonawalla, founder of the world’s biggest maker of vaccines, will slash the price of polio immunisation and introduce shots for diarrhea and pneumonia, undercutting Pfizer and GlaxoSmithKline (GSK). Poonawalla, who set up the Serum Institute of India Ltd in 1966, will use last year’s acquisition of a Dutch vaccine business to add the injectable form of polio inoculation to the oral drops the Pune-based company supplies to organisations such as the United Nations Children’s Fund, he said.