'Philanthropic gesture': Serum Institute cuts Covishield cost by Rs 100 for states

But there was no mention of its cost reduction to private hospitals indicating it will remain the same.

Published: 28th April 2021 06:17 PM  |   Last Updated: 28th April 2021 08:44 PM   |  A+A-

A health worker shows the Covishield vaccine, after arrival of the first batch from the Serum Institute of India at the Ahmedabad Civil Hospital.

A health workers holds up a Covishield vial. (Photo | EPS)

By Express News Service

NEW DELHI: The Serum Institute of India on Wednesday announced that the price of Covishield per dose for state governments has been reduced from Rs 400 to Rs 300. But there was no mention of its cost reduction to private hospitals indicating it will remain the same.

As per the statement issued by the company earlier, it had said that states will have to pay Rs 400 per shot of the vaccines while it will cost Rs 600 per shot to private hospitals.

“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,” said the company CEO Adar Poonawalla in a tweet.

ALSO READ | First batch of Russia's Sputnik V Covid vaccine to arrive in India on May 1

Following the price announcement by SII last week, Bharat Biotech had announced that its Covid19 vaccine Covaxin will be available to states at Rs 600 per dose and to private hospitals at Rs 1200 per shot.

The Centre however has said that it will keep procuring the two vaccines at Rs 150 per shot.

This differential pricing and the steep prices announced by the two companies have since triggered a torrent of criticism of the liberalised and decentralised Covid19 vaccination policy by the Centre.

Under the new policy, from May 1, as vaccinations open to all adults, states and private entities can buy doses directly from manufacturers which will be used for people in the 18-44 age group.

The Centre however will supply vaccines--50 % of the total vaccines supplied by these companies-- only for the priority groups or those above 45 years, healthcare and frontline workers.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp