India

COVID-19 vaccine: In a 'philanthropic gesture', SII reduces Covishield price to Rs 300 per dose for states

This follows widespread criticism of the pricing policy of the SII, which sold the initial doses of Covishield to the Central Government at Rs 150 per dose

FP Trending April 28, 2021 19:46:57 IST

The Serum Institute of India (SII) today (Wednesday, 28 April) announced that the price of its  COVID-19 vaccine Covishield would be reduced for states from Rs 400 to Rs 300 per dose.

SII''s CEO Adar Poonawalla took to Twitter to announce the "philanthropic" gesture.

Poonawalla added that the price cut will save thousands of crores of state funds as well as countless lives.

"As a philanthropic gesture on behalf of Serum Institute of India, 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 wrote in his tweet.

This follows widespread criticism of the pricing policy of the SII, which sold the initial doses of Covishield to the Central Government at Rs 150 per dose.

Many states have objected to the different prices for the vaccines.

Earlier this week, the Central Government had asked SII to reduce the price of its vaccine ahead of the third phase of the nationwide vaccine drive which will begin from 1 May.

While Serum had priced Covishield at Rs 400 for state government hospitals and Rs 600 for private hospitals. Bharat Biotech priced its vaccine at Rs 600 for state government hospitals and Rs 1,200 for private hospitals.

Poonawalla earlier asserted that the Centre would also pay Rs 400 per dose for the next orders, after which the Centre said it would continue procuring the vaccine for Rs 150 and give it for free to the states.

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 Centre has also announced that state governments and private entities will be allowed to procure vaccines straight from the manufacturers from 1 May.

The Centre further said vaccine makers can now give 50 percent of their stock to the state governments and private entities.

Covishield is one of the two anti-COVID vaccines currently administered across the country.

It is the Indian version of the Oxford-AstraZeneca vaccine.

The government last week waived basic customs duty on import of COVID vaccines, medical grade oxygen and related equipment for three months.

Updated Date: April 28, 2021 20:00:19 IST

also read

India

Coronavirus News Updates: Maharashtra's COVID-19 toll tops one lakh with 233 fresh deaths; state sees 12,557 new cases

Coronavirus News Updates: The recovery rate is now 95.05 percent and the fatality rate is 1.72 percent and there are 1,85,527 active cases

India

Covaxin trials on children underway at AIIMS Delhi and Patna: All you need to know

India has no COVID-19 vaccine for children yet. If the phase 2/3 trials on children are successful, COVAXIN will be used to inoculate India's children

India

Coronavirus LIVE News Updates: UP reduces night curfew from next week; restaurants, malls allowed at 50% capacity

Coronavirus LIVE News Updates: The Uttar Pradesh government on Tuesday decided to give relaxation of two more hours during the night 'corona curfew' across the state from 21 June with the improvement in the COVID-19 situation. From next Monday, the night curfew hours will be effective from 9 pm to 7 am. So far, the restrictions were effective from 7 pm to 7 am the following day