Davos 2023: Chief executive of 'world's largest vaccine maker' on achieving vaccine equity

FILE PHOTO: Women walk past a mural amidst the spread of the coronavirus disease (COVID-19) in New Delhi, India, February 7, 2022. REUTERS/Anushree Fadnavis/File Photo
Adar Poonawalla, chief executive of the Serum Institute of India (SII), has called for global harmonisation of regulatory standards at Davos 2023.
Image: REUTERS/Anushree Fadnavis/File Photo
  • Adar Poonawalla, chief executive of the Serum Institute of India (SII), has spoken about vaccine equity at the World Economic Forum's 2023 Annual Meeting in Davos.
  • He led 'the world's largest vaccine maker' during the pandemic and remains optimistic about cooperation among multilateral organizations to deal with future outbreaks.
  • Covid-19 remains a topic of discussion at the Annual Meeting, with panellists warning against complacency.

"We need to keep educating people and dispel vaccine hesitancy," Adar Poonawalla, chief executive of the Serum Institute of India (SII), tells the World Economic Forum in Davos, Switzerland.

He's been meeting with key stakeholders in the health sector to advance vaccine equity and push for global harmonization of regulatory standards, which would allow vaccine manufacturers like him to make a better real-time impact.

"Today, we go through a WHO approval process, you don't want every individual country asking for their own process and clinical trials," he says. "We have to be able to accept one level of standard."

Poonawalla is hopeful the "zero draft" of the pandemic accord, under planning by Member States of the World Health Organization, will lead to an international agreement on aspects such as vaccine certificates and approved clinical trial procedures that could cause delays at a critical hour.

"If a vaccine is approved in Europe, for example, it should be approved in the United States," he says. "The world should have as many alternatives as possible and access to as many technologies for manufacturing."

"Why be limited to just one or two [vaccines) when you can have access to so much innovation that's available in the world?"

'The virus is not done with us'

Fighting the Covid-19 pandemic remains a topic of discussion at the Annual Meeting, with panellists warning against complacency.

"Part of it is the world says, 'we're done with COVID.' Of course, the virus is not done with us, and what we really need to do is make sure that policymakers understand that we're continuing to see new variants," Michelle Williams, Dean of the Faculty at Harvard TH Chan School of Public Health told audiences during a session entitled 'State of the Pandemic'.

"We've been lucky that we haven't had one with very severe disease, or one that can escape existing immunity."

Michelle Williams, Dean of the Faculty, Harvard T.H. Chan School of Public Health, USAspeaking in the State of the Pandemic session at the World Economic Forum Annual Meeting 2023 in Davos-Klosters, Switzerland, 18 January. Ignite. Copyright: World Economic Forum/Walter Duerst
Michelle Williams, Dean of the Faculty, Harvard TH Chan School of Public Health, speaking at the World Economic Forum Annual Meeting 2023.

The current emergence of new sub-variants is causing concern for their increased transmissibility and ability to evade some antibodies.

Poonawalla doesn't foresee the development of second-generation vaccines that can prevent disease and minimize transmission in the near future. "The hope is that some nasal vaccines could block transmission —and the disease from entering your system. But I still haven't seen any good data from any vaccines to demonstrate that," he says.

Our best option is 'to take boosters for dealing with these variants', as he foresees Covid-19' will probably end up being a disease like flu'.

'We're prepared now'

"I don't see it again disrupting the world stage and economies the way it did because we're prepared now, in terms of testing and diagnostics," he says.

"There was a lot of investment in health systems made during the pandemic across countries, and it will definitely keep us well prepared in case there are other outbreaks."

He cites the example of Oxford's Ebola vaccine, for which SII manufactured more than 40,000 doses in just 60 days and shipped to Uganda. "Alongside Coalition for Epidemic Preparedness Innovations (CEPI), we've come together and made the vaccine in less than three months."

"Everything is now working in sync with multilateral organizations to handle outbreaks and get ahead of things instead of trying to catch up. I'm very optimistic about the way forward."

'The world will always be dependent on India'

Over the course of the pandemic, Poonawalla has built up manufacturing capacity in the company's vast manufacturing plant in Pune, Western India. He says these efforts have helped reinforce the country's image as the 'pharmacy of the world'.

"India has 10 billion doses worth of vaccine capacity now, amongst all the various vaccine manufacturers, with the Serum Institute having about 4 billion."

"We've shipped vaccines from India to the US, which was a first - it was Novavax's Nuvaxovid vaccine. We have demonstrated quality, scale and, most importantly, efficiencies which we pass on in terms of cost-effectiveness, and that really opens up the access.

"So I think the world will always, in some way or another, be dependent on India, and it can count on India."

Launching the HPV vaccine to prevent cervical cancer in women

Poonawalla is now taking the time to expand SII's offerings and bring them to the world.

"I'm really excited that after about six to seven years of development, we will launch the HPV vaccine, which is a vaccine to prevent cervical cancer in women," he says. It's believed to be India's first cervical cancer shot and is due to hit the market soon, Reuters reported late last year.

It will be an affordable vaccine, Poonawalla says, which will be rolled out in high capacity to overcome existing market shortages.

"We also have a highly effective malaria vaccine for the African continent, which the world has been waiting for. Currently, there is a vaccine available, but the vaccine we're talking about is in partnership with Oxford University," he says.

"This is more than 77% effective and has proven to have excellent results, which will be published soon."

Centre: Health and Healthcare

What is the World Economic Forum doing to improve healthcare systems?

The Global Health and Strategic Outlook 2023 highlighted that there will be an estimated shortage of 10 million healthcare workers worldwide by 2030.

The World Economic Forum’s Centre for Health and Healthcare works with governments and businesses to build more resilient, efficient and equitable healthcare systems that embrace new technologies.

Learn more about our impact:

  • Global vaccine delivery: Our contribution to COVAX resulted in the delivery of over 1 billion COVID-19 vaccines and our efforts in launching Gavi, the Vaccine Alliance, has helped save more than 13 million lives over the past 20 years.
  • Davos Alzheimer's Collaborative: Through this collaborative initiative, we are working to accelerate progress in the discovery, testing and delivery of interventions for Alzheimer's – building a cohort of 1 million people living with the disease who provide real-world data to researchers worldwide.
  • Mental health policy: In partnership with Deloitte, we developed a comprehensive toolkit to assist lawmakers in crafting effective policies related to technology for mental health.
  • Global Coalition for Value in Healthcare: We are fostering a sustainable and equitable healthcare industry by launching innovative healthcare hubs to address ineffective spending on global health. In the Netherlands, for example, it has provided care for more than 3,000 patients with type 1 diabetes and enrolled 69 healthcare providers who supported 50,000 mothers in Sub-Saharan Africa.
  • UHC2030 Private Sector Constituency: This collaboration with 30 diverse stakeholders plays a crucial role in advocating for universal health coverage and emphasizing the private sector's potential to contribute to achieving this ambitious goal.

Want to know more about our centre’s impact or get involved? Contact us.

So what's his hope for this year's Davos? "There are many great things that came out of Davos through collaboration, like GAVI was born out of Davos 20 years ago.

"Certainly, the decision-makers are here now. It's just a matter of taking action. That's what I hope happens."

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum