The Serum Institute of India (SII) on Saturday stated solely a limited portion of its vaccines quantity will likely be offered to non-public hospitals at Rs 600 per dose. The price of the vaccine remains to be decrease than loads of different medical remedy and necessities required to deal with COVID-19 and different life-threatening ailments, it added.
“Government procurement for countrywide immunisation programs in all countries inlcuding India has been at a far lower price as the volumes are very large. For instance, based on the market conditions, prices of many vaccines in the private market including our pneumococcal vaccine are sold at a higher free-economy price, whereas for the government it is almost 1/3rd of the free market price,” SII stated.
“Furthermore, there was an inaccurate comparison done between the global prices of the vaccine with India. Covishield is the most affordable Covid-19 vaccine available in the market today. The initial prices were kept very low globally as it was based on advance funding give by those countries for at-risk vaccine manufacturing. The initial supply price of Covishield for all government immunisation programme, including India, has been the lowest,” SII talked about.
Furthermore, within the curiosity of public well being, it is necessary for the market to open-up for different vaccines from internationally. This will speed up and advance the immunisation program of our nation, SII added.
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