Serum defends Covid vaccine pricing, says initial rates based on advance funding – Times of India

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NEW DELHI: Clarifying the confusion over pricing of Covid-19 vaccine, Serum Institute of India (SII) on Saturday mentioned that the sooner value of the vaccine was based on initial funding obtained from the Centre.
In an official assertion launched by the corporate, SII defended pricing of Covishield vaccine saying that now it must put money into scaling up and increasing capability to supply extra doses of the vaccine.
“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 assertion mentioned.

SII is one of the biggest vaccine makers globally and manufactures AstraZeneca’s vaccine Covishield at its Pune facility.
Earlier this week, the vaccine maker introduced a value of Rs 600 per dose and at Rs 400 for state governments and any new contract by the central authorities.
This in comparison with Rs 150 per dose it expenses the central authorities for the present provides.
“There was an inaccurate comparison done between the global prices of the vaccine with India,” SII mentioned. “Covisheld is the most affordable Covid-19 vaccine available in the market today.”
SII mentioned the initial value was “kept low globally as it was based on advance funding given by those countries for at risk vaccine manufacturing.”
“The initial supply price of Covishield for all government immunization programme, including India, has been the lowest,” it mentioned.
SII went on so as to add that solely a restricted portion of SII’s quantity can be bought to personal hospitals at Rs 600 per dose.
“The price of the vaccine is still lower than a lot of other medical treatment and essentials required to treat Covid-19 and other life threatening diseases,” it added.
(With inputs from PTI)

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