Loading the player...
Fire at Serum Institute: 5 dead, company to pay Rs 25 lakh compensation to families
Serum Institute of India (SII) Chairman & Managing Director Cyrus Poonawalla on Thursday expressed sorrow on the loss of lives due to the fire that broke out at its under-construction facility in Pune. He said that the company will be offering a compensation of Rs 25 lakh to each of the families of the deceased, in addition to the mandated amount as per the norms. SII is manufacturing the Covishield vaccine for COVID-19, developed by the Oxford University and AstraZeneca. It is one of the two vaccines that have been granted emergency approval in India.