The Serum Institute of India (SII) has decided to provide State Governments with its COVID-19 vaccine – Covishield at a price of Rs 400 per dose.
On the other hand, Covishield will be provided to the Central Government at Rs 150 per dose.
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Meanwhile, SII will price Covishied vaccine for the private market at Rs 600 per dose.
At present, vaccination is free of cost at Government hospitals.
On the other hand, Covishield at present is charged Rs 250 per dose at private hospitals.
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Every individual needs to take two doses of a vaccine within the stipulated time.
SII CEO Adar Poonawalla informed that 50 percent of the capacities will be served to the Centre for the vaccination drive.
The remaining 50 percent will be provided to the State Governments and private hospitals.
Poonawalla added that Covishield vaccine would be made available in retail and free trade after four-five months.
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The other vaccine being administered in India is the indigenous Covaxin from Bharat Biotech in Hyderabad.
Meanwhile, Dr Krishna Ella, Chairman and Managing Director, Bharat Biotech International Ltd, maker of Covaxin, said that he would like to get the maximum price to recover all costs, including the Rs 350 crore spent on clinical trials.