Adar Poonawalla's vaccine gamble shows big promise

Image: Avinash Gowariker

Adar Poonawalla’s gamble on a coronavirus vaccine seems to be paying off, with early trials showing positive results

Placing a bet perhaps comes naturally to Adar Poonawalla. After all, the Poonawalla family has a rich legacy of having bred horses that have rewritten the rules of horse racing in India. In all likelihood, it’s that knack that helped the 39-year-old CEO and owner of the Pune-based Serum Institute of India go big on a vaccine for Covid-19 much before it had even completed clinical trials.

Now, that bet seems to be paying off. On July 20, the medical journal The Lancet said the ChAdOx1 nCoV-19, commonly known as the Oxford vaccine, is safe and induces an immune reaction to fight Covid-19 after the vaccine completed its phase I and phase II clinical trials. “ChAdOx1 nCoV-19 showed an acceptable safety profile, and homologous boosting increased antibody responses,” the Lancet report said.

Poonawalla had taken a massive gamble, first by signing a deal with British pharmaceutical company AstraZeneca to manufacture and sell the vaccine in India and other developing countries. Then, he decided to sacrifice a facility meant for producing another lucrative vaccine to manufacture the Oxford vaccine, in an attempt to stockpile the vaccine by the end of the year.

“The trials have shown promising results and we are extremely happy about it,” says Poonawalla. “We will be applying for the licensure trials to the Indian regulator in a week. As soon as they grant us permission, we will begin with the trials for the vaccine in India. In addition, we will soon start manufacturing the vaccine in large volumes.”