Centre asks Serum Institute, Bharat Biotech to lower price of COVID Vaccines: Sources

Centre asks Serum Institute, Bharat Biotech to lower price of COVID Vaccines: Sources

Many states have objected to different prices of the vaccines, with Delhi Chief Minister Arvind Kejriwal saying this is not time for profiteering.

The central government on Monday asked the Serum Institute and Bharat Biotech to lower prices of their COVID-19 vaccines amid criticism from various states who objected to profiteering during a pandemic, reported news agency PTI quoting official sources. The issue of vaccine pricing was discussed at a meeting chaired by Cabinet Secretary Rajiv Gauba on Monday. Now the two companies are expected to come up with revised pricing for their vaccines after the meet.

The Hyderabad-based Bharat Biotech has fixed the price of its COVID-19 vaccine, Covaxin, at Rs 600 per dose for state governments and at Rs 1,200 per dose for private hospitals. The Pune-based Serum Institute of India (SII), the world’s largest vaccine maker in terms of volume, has announced a price of Rs 400 per dose for its COVID-19 vaccine, ‘Covishield’, for state governments and Rs 600 per dose for private hospitals. Both vaccines are available to the central government at a rate of Rs 150 per dose.

Many states have objected to different prices of the vaccines, with Delhi Chief Minister Arvind Kejriwal saying this is not time for profiteering.

Centre asks Serum Institute, Bharat Biotech to lower price of COVID Vaccines: Sources
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