Serum Institute of India to price Covid-19 vaccine at USD 3 per dose

SII to produce 100 mn doses of Covishield for India and other low- and middle-income nations

Serum Institute of India to price Covid-19 vaccine at USD 3 per dose

Photo for representational purpose only.

Tribune News Service

New Delhi, August 7

World’s leading vaccine maker Serum Institute of India on Friday said it would produce up to 100 million Covid-19 vaccine doses for India and low- and middle-income countries as early as 2021.

The institute in a statement said it would price each dose of the vaccine for USD 3 which roughly translates into Indian Rupees 225.

SII issued the statement after entering into what it called a new landmark collaboration between the SII, GAVI (Global Alliance for Vaccines) and Bill and Melinda Gates Foundation.

SII to get $150 mn from Gates Foundation

Under the arrangement the Bill and Melinda Gates Goundation via its strategic investment fund will provide at-risk funding of USD 150 million to GAVI which will be used to support the SII to manufacture the potential vaccine candidates.

“Vaccines will be priced at maximum USD 3 per dose and made available to the 92 countries included in GAVI’s COVAX Advance Market Commitment,” Adar Poonawala-led SII said in a statement.

Pune based Serum Institute has partnered with Oxford University and British Swedish Pharma firm Astra Zeneca to mass produce the frontrunner COVID 19 vaccine Covishield which has entered phase 3 clinical trials in some countries after showing safety and immune response in phase 1 and 2 studies in the UK.

Indian Drug controller has also permitted SII to undertake phase 2 and 3 human trials on Covishield in India.

Top Stories

Rajya Sabha passes two crucial farm Bills amid protests by Opposition

Rajya Sabha passes two crucial farm Bills amid protests by Opposition

PM Modi calls passage of farm bills ‘watershed moment’ for a...

Heated debate on farm Bills in RS; Opposition members tear papers, heckle presiding officer

Heated debate on farm Bills in RS; Opposition members tear papers, heckle presiding officer

12 Opp parties give notice of no-confidence against RS deput...

Lok Sabha adjourned for an hour as MPs sit in dharna in Rajya Sabha blocking seats

Lok Sabha adjourned for an hour as MPs sit in dharna in Rajya Sabha blocking seats

Speaker adjourned the House due to unavailability of seating...

Police use water cannon to stop Punjab Youth Cong workers from entering Haryana

Police use water cannon to stop Punjab Youth Cong workers from entering Haryana

Some activists tried to set a tractor on fire after the marc...

Cities

View All