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India's Serum Institute takes 50% stake in drug vial maker Schott Kaisha

SII, the world's largest vaccine maker by production volume, has taken a 50% stake in Indian drug vial maker Schott Kaisha, the companies said in a statement on Tuesday.

Photo: Abhishek Waghmare

Photo: Abhishek Waghmare

Reuters BENGALURU

BENGALURU (Reuters) - Serum Institute of India, the world's largest vaccine maker by production volume, has taken a 50% stake in Indian drug vial maker Schott Kaisha, the companies said in a statement https://bit.ly/3AIBLvS on Tuesday.

Serum Institute was already a customer of Schott Kaisha, using their vials, ampoules and syringes to store vaccines including the COVID-19 vaccine Covishield. The companies did not provide any further details on the deal.

 

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Bernard Orr)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 17 2021 | 2:20 PM IST

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