India's Serum to get 15% stake in Biocon Biologics for 100 million vaccine doses a year

India's Serum to get 15% stake in Biocon Biologics for 100 million vaccine doses a year

Photo: Daniel Schludi / Unsplash.com

Biocon Biologics Limited (BBL), a subsidiary of Biocon, on Thursday announced a strategic alliance with Serum Institute Life Sciences (SILS). As per the agreement, BBL will offer approximately 15% stake to SILS for access to a 100 million doses of vaccines per annum for 15 years.