XLMM
2022-04-22

$Novavax(NVAX)$India's SII to halve output of AstraZeneca vaccine (not novavax)


About 200 million doses of COVID-19 vaccine are gathering dust in warehouses of the world’s largest vaccine manufacturer as global demand ebbs. Serum Institute of India (SII) stopped making new COVID-19 vaccine doses in December, CEO Adar Poonawalla said at the India Economic Conclave, as quoted by Bloomberg. The company currently sits on a stockpile of 200 million doses, he said.


Sources

https://www.fiercepharma.com/pharma/200m-unused-doses-astrazenecas-covid-vaccine-partner-serum-institute-halts-production#:~:text=With%20200M%20unused%20doses%2C%20AstraZeneca's%20COVID%20vaccine%20partner%20Serum%20Institute%20halts%20production,-By%20Angus%20Liu&text=About%20200%20million%20doses%20of,manufacturer%20as%20global%20demand%20ebbs.


https://www.reuters.com/world/india/indias-sii-halve-output-astrazeneca-vaccine-demand-sinks-cnbc-tv18-2021-12-08/


https://time.com/6132402/serum-institue-of-india-covid-19-vaccine/



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Comments

  • Maria_yy
    2022-04-23
    Maria_yy
    It looks like Novavax is having some issues.
    • XLMM
      Actually, SII slowed down the production of AstraZeneca to produce more vaccine for novavax
    • XLMMReplyXLMM
      The key issue is their management!
  • MortimerDodd
    2022-04-23
    MortimerDodd
    I don't understand why demand is falling.
    • XLMM
      More people have been vaccinated. There is still hope for NVAX as their flu+covid vaccine has been reporting good results. Hope the management dont screw up again
  • BurnellStella
    2022-04-23
    BurnellStella
    The best time to invest in vaccine companies is over.
  • HaizCashAcc
    2022-04-23
    HaizCashAcc
    still with high selling pressure. haiz
  • Pixiu88
    2022-04-23
    Pixiu88
    👌🙏
  • nsk
    2022-04-23
    nsk
    great
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