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Pune-based vaccine manufacturing company Serum Institute of India (SII) has pledged 50 million pounds ($66.2 million) to the University of Oxford for setting up a research campus to be named after the Poonawalla family.</p>
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The investment was made through the company&#39;s Serum Life Sciences unit, Oxford University said on Wednesday. The research building will be named after Serum Institute&rsquo;s owners, the Poonawalla family. The pledge comes after the successful partnership between Oxford University, UK pharma giant AstraZeneca and SII to produce COVID-19 vaccines that have helped India fight the pandemic. These vaccines are also being supplied to other low- and middle-income countries as they are affordable and easy to handle unlike the Pfizer and Moderna doses that have to be stored in deep freezers at -70 degrees Celsius.&nbsp;</p>
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SII has also agreed with the Jenner Institute, which was behind the Oxford-AstraZeneca COVID-19 vaccine, to produce and develop Jenner&#39;s R21/Matrix-M malaria vaccine on a large scale. The shot is currently in late-stage trials.</p>
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SII was founded in 1966 in Pune by Adar Poonawalla&rsquo;s father Cyrus Poonawalla who was also conferred an honorary degree by Oxford University.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/health-news/india-s-weekly-count-of-fresh-covid-cases-falls-to-month-low-134586.html">India&rsquo;s weekly count of fresh Covid-19 cases falls to 19-month low</a></strong></p>
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