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Serum Institute of India readying one million doses of five Covid-19 vaccines
BY S VENKAT NARAYAN
Our Special Correspondent
NEW DELHI, October 24:
Serum Institute of India (SII) is readying one billion doses of five different vaccines against the coronavirus disease (Covid-19) across the world before the end of 2021-22, a report has said.
Adar Poonawalla, the chief executive of SII, the world’s largest vaccine maker by volume, said his company plans to launch at least one vaccine every quarter likely by the beginning of next year.
These will include Covishield, Covovax, COVIVAXX, COVI-VAC, and SII COVAX.
Covishield, which is being developed by the United Kingdom’s Oxford University, and licensed from British-Swedish drug-maker AstraZeneca, is currently undergoing Phase 3 of clinical trials in India among nearly 1,600 people.
SII has partnered with AstraZeneca to manufacture the vaccine candidate, which is expected to be launched in the first quarter of next year and immunisation can start by January if the clearances are given early.
“The plan is to launch at least one vaccine every quarter beginning with Covishield, which we licensed from AstraZeneca, likely by start of 2021… We are already making 20-30 million doses and can increase the production to 70-80 million a month. Currently, we are consciously producing less considering the shelf life of the vaccine,” Adar Poonawalla told BusinessToday.in on Thursday.
It reported that the second anti-coronavirus disease vaccine from Serum Institute Life Sciences (SILS), a new company floated by SII, is likely to be Covovax, which is a spike protein vaccine being developed in association with biotech firm Novovax.
Novovax has an arrangement with SII to produce one billion doses of the vaccine in 2021. The BusinessToday.in report said that the Phase 1 clinical trial of Covovax began in May 2020 in Australia and it is currently into the second phase of development. A phase-3 clinical trial with up to 30,000 subjects is expected to begin by end of 2020, it added.
Adar Poonawala said the new manufacturing facility SILS is coming up near the SII facility in Pune in Maharashtra state, and will take two years for completion. Poonawalla also said, according to BusinessToday.in, that SILS will outsource the capacity of SII until then.
Poonawalla added that the privately-held company has already invested 70% of the INR 30-billion capex required in land, buildings, plants, raw materials, and other related infrastructure.
SII will postpone its earlier expansion plans to develop a few new vaccines for the US and European markets. “Once completed, between SII and SILS, we will have a capacity to manufacture over 2.3 billion doses of coronavirus vaccines, provided there is demand and requirement,” the report quoted Poonawalla as saying.
India’s infection tally went up to 7.76 million with 54,366 new cases of the coronavirus disease and 690 related deaths, according to the Union health ministry.
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Advisory for Severe Lightning issued to the Western, Sabaragamuwa, Central, North-western, North-central, Southern, Uva provinces, and Mannar, Vavuniya, Ampara, Batticaloa districts
Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre
Issued at 12.00 noon 21 April 2026 valid for the period until 11.30 p.m. 21 April 2026
Thundershowers accompanied with severe lightning are likely to occur in the Western, Sabaragamuwa, Central, North-western, Northcentral, Southern, Uva provinces, and in Mannar, Vavuniya, Ampara, Batticaloa districts after 1.00 p.m.
There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.
ACTION REQUIRED:
The Department of Meteorology advises that people should:
Seek shelter, preferably indoors and never under trees.
Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
Avoid using wired telephones and connected electric appliances during thunderstorms.
Avoid using open vehicles, such as bicycles, tractors and boats etc.
Beware of fallen trees and power lines.
For emergency assistance contact the local disaster management authorities
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Six Foreign Envoys Present Credentials to President Dissanayake
Two High Commissioners, three Ambassadors and an Apostolic Nuncio-designate of the Holy See presented their credentials to President Anura Kumara Dissanayake at the Presidential Secretariat this morning (20).
The ceremony, held at 10.00 a.m., followed the formal order of precedence, with the envoys representing Papua New Guinea, Somalia, Luxembourg, the Holy See, Pakistan and Kuwait.
Accordingly, diplomats who presented their credentials were:
01. Vincent Sumale, High Commissioner-designate of Papua New Guinea (Based in New Delhi)
02. Abdullahi Mohammed Odowa, Ambassador-designate of Somalia (Based in New Delhi)
03. Christian Biever, Ambassador-designate of Luxembourg (Based in New Delhi)
04. Monsignor Andrzej Józwowicz, Apostolic Nuncio-designate of the Holy See
05. Major General (Retd) Nayyar Naseer, High Commissioner-designate of Pakistan
06. Saleh Mubarak Al-Sarawi, Ambassador-designate of Kuwait
Following the presentation of credentials, the President engaged in a cordial discussion with them. The Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, and the Secretary to the President, Dr Nandika Sanath Kumanayake, were also in attendance.
News
Rs 13 bn NDB fraud: Int’l forensic audit ordered
The National Development Bank PLC (NDB), in consultation with the Central Bank, will soon appoint an international firm to conduct a comprehensive forensic audit into the Rs 13.2 billion bank fraud, currently being investigated by the Criminal Investigation Department (CID).
Controversy surrounds the failure on the part of relevant authorities to detect the massive scam that certain employees started perpetrating in mid-2024.
Declaring that day-to-day developments, relating to the NDB PLC, were under scrutiny, the Central Bank said that the NDB, in consultation with CBSL, was in the process of finalising arrangements to engage a leading international firm, with experts from overseas, to conduct a comprehensive forensic audit into the incident.
The Central Bank stated: “The scope of this audit will apart from matters directly related to the commission of this fraud, also fully address and assess any failures on compliance with regulatory requirements on control, oversight and governance during the period in which the fraudulent transactions took place. The forensic audit is expected to commence shortly, and its progress, including any interim findings as well as the final report, will be submitted directly to CBSL who will directly engage with the auditors to the extent considered necessary during the audit.
In parallel, CBSL has directed NDB to take immediate and expeditious measures to strengthen its internal controls and governance processes, with particular focus on addressing identified lapses. NDB has also been required to commission an independent third-party review to assess the adequacy and effectiveness of its policies, procedures, systems, and internal controls.
NDB continues to meet all regulatory requirements relating to capital and liquidity. CBSL remains in close and continuous engagement with the Board and management of NDB, as well as other relevant stakeholders, and stands ready to take any further measures necessary to safeguard the interests of depositors and ensure the stability of the financial system. There is no evidence of any other regulated financial institution suffering any loss arising from the incident at NDB and the public are requested not to be misled by any statements to the contrary made in various fora.”
NDB board directors include Sujeewa Mudalige – former Managing Partner of PwC / Past President of CA Sri Lanka, Hasitha Premaratne – Managing Director of Brandix Group, Shanil Fernando – founding member of Virtusa Corporation and Co-Founder of Sysco Labs, Bernard Sinniah – former Managing Director of Citibank and Kasturi Chellaraja – former Group CEO of Hemas Holdings PLC.
The external auditors of NDB Bank PLC is Ernst & Young.
Meanwhile, the Committee on Public Finance (CoPF) that recently met under the Chairmanship of Member of Parliament Dr. Harsha de Silva observed, with serious concern, that there appear to have been considerable lapses in corporate governance at the bank, deficiencies in supervision by the relevant departments of the Central Bank of Sri Lanka, and undue delays in the reporting of material information.
The Committee firmly underscored that such shortcomings are unacceptable and directed that immediate corrective measures be undertaken. It further emphasised that it will continue to closely monitor this matter and exercise stringent oversight to ensure full accountability, transparency, and the safeguarding of public confidence in the financial system.
The NDB issue was dealt with when the Governor of the Central Bank Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part of the Central Bank’s statutory presentation to Parliament conducted once every four months.
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