Serum Institute of India pares stake in another vaccine maker

Serum Institute of India Pvt. Ltd, the world’s largest vaccine maker, has offloaded a fourth of its stake in another vaccine company that it had backed more than a decade ago. Pune-based Serum, part of the Cyrus Poonawalla Group, sold a total of 4.14% stake in Panacea Biotec Ltd via open-market ......