New Delhi: The price of COVID-19 vaccine Covishield has been slashed from Rs 400 to Rs 300 per dose for all states and union territories, which can get the vaccine directly from Serum Institute of India (SII) from May 1.
Serum Institute CEO Adar Poonawalla termed the decision a ‘philanthropic gesture’.
“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,” Poonawalla tweeted.
There has been public outcry over the price of the vaccine since it was announced by the SII.
Covishield was priced at Rs 400 and Rs 600 per dose for states and private hospitals respectively, while the corresponding Bharat Biotech’s Covaxin rates were set at Rs 600 and Rs 1200.