Coronavirus News LIVE Updates: 'All risks paid off', says SII chief Adar Poonawalla after DCGI grants authorisation to vaccine
12:51 (IST) Coronavirus News LATEST Updates Ready to roll out COVID-19 vaccine in India: Serum Institute of India Serum Institute of India (SII) on Sunday said it is ready to roll out Covishield vaccine in the country in the coming weeks after receiving approval from the Indian drug regulator. The Pune-based vaccine major has entered into a collaboration with the University of Oxford and AstraZeneca to manufacture the vaccine. The company has already stockpiled around 50 million dosages of the vaccine and aims to produce up to 100 million dosages per month by March next year. The approval by the DCGI was given on the basis of recommendations submitted by a COVID-19 subject expert committee (SEC) of the Central Drugs Standard Control Organisation (CDSCO). "After adequate examination, CDSCO has decided to accept the recommendations of the Expert Committee and accordingly, vaccines of M/s Serum and M/s Bharat Biotech are being approved for restricted use in emergency situation