Thursday, Jan 20, 2022
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Covishield Price For State Govts Reduced From Rs 400 To Rs 300 Per Dose: Adar Poonawalla

Serum Institute of India currently charges the Centre Rs 150 for its Covid-19 vaccine Covishield

Covishield Price For State Govts Reduced From Rs 400 To Rs 300 Per Dose: Adar Poonawalla
Covishield Prices For State Govts Reduced From Rs 400 To Rs 300 Per Dose -

With India gearing up for the third phase of the Covid-19 vaccination drive, which will commence from May 1, Serum Institute of India CEO Adar Poonawalla on Wednesday said that the company has reduced the prices of its Covid-19 vaccine as a “philanthropic gesture”.

“As a philanthropic gesture on behalf of @SerumInstIndia, I hereby reduce the price to the states from Rs.400 to Rs.300 per dose, effective immediately; this will save thousands of crores of state funds going forward. This will enable more vaccinations and save countless lives,” Poonawalla tweeted.

The world's largest vaccine maker, which manufactures Oxford-AstraZeneca vaccine at Pune, earlier this week, announced a price of Rs 600 per dose for private hospitals and Rs 400 per dose for state governments and for any new contract by the central government.

It currently charges the central government Rs 150 per dose for the existing supplies.

According to official sources, the central government on Monday had asked SII and Bharat Biotech to lower the prices of their Covid-19 vaccines amid criticism from various states who accused the companies of profiteering during such a major crisis.
 
The issue of vaccine pricing was discussed at a meeting chaired by Cabinet Secretary Rajiv Gauba.
 
Many states have objected to the different prices for the vaccines.
 
Last week, SII had defended the pricing of the Covishield vaccine, saying the earlier price was based on advance funding and now it has to invest in scaling up and expanding capacity to produce more shots.
 
"The current situation is extremely dire, the virus is constantly mutating while the public remains at risk. Identifying the uncertainty, we have to ensure sustainability as we must be able to invest in scaling up and expanding our capacity to fight the pandemic and save lives," the company had earlier said.
 
The government last week waived basic customs duty on import of COVID vaccines, medical grade oxygen and related equipment for three months.
 
India has announced expansion of its Covid-19 vaccination drive by allowing its large 18-plus population to get inoculated from May 1.  
 
(With PTI inputs)
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