Five dead in Serum fire, new launches likely to be hit: CEO Poonawalla

Prime Minister Narendra Modi expressed anguish over the incident

Five people were killed on Thursday in a major fire that broke out in a Serum Institute of India factory, but the world’s largest vaccine maker said the incident would not affect the production of Covid-19 vaccine even as new launches may be hit. Sparks from welding work being carried out in the under-installation factory in Pune had triggered the fire that destroyed some floors of the building, local authorities said. Maharashtra Health Minister Rajesh Tope said an investigation and a fire audit will be done. Prime Minister Narendra Modi expressed anguish over the incident. “In this sad hour, my thoughts are with the families of those who lost their lives. I pray that those injured recover at the earliest,” he tweeted.

Serum Chief Executive Officer Adar Poonawalla offered condolences over the loss of lives. “I would like to reassure all governments & the public that there would be no loss of #Covishield production due to multiple production buildings that I had kept in reserve to deal with such contingencies at the Serum Institute of India,” Poonawalla tweeted, while thanking the Pune City Police and the fire department. However, the incident could cause delays in launching new products and the firm expects revenue losses of over Rs 1,000 crore, Poonawalla was quoted as saying by CNBC-TV18…

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