Covid 19 Updates

Covaxin to cost Rs 600 for states and Rs 1200 for private hospitals

Bharat Biotech, the developer of Covaxin, said on Saturday that the indigenous vaccine will be priced at Rs. 600 per dose in state government hospitals and Rs. 1200 for private hospitals.

The vaccine price for the private hospitals will shoot up to almost 8 times the current supplies they are getting through central government. Similarly, state governments will pay up to 4 times i.e. Rs. 600 per shot, at which the government will get the vaccine.

At these rates the Covaxin will come at twice the price of Serum Institute of India’s Covishield for private hospitals and for states too, there will be a difference of Rs. 200 per shot.

Unlike the Serum Institute of India which is seeking to increase the rate for the centre by Rs. 400, Bharat Biotech intends to keep the rate of the vaccine unchanged at Rs. 150 for the central government.

The Hyderabad based company argued that the increase of price is based on the fact that in export market, the vaccine price is at $15-20 per dose (Rs. 1,125-1,500).

While the Serum Institute is already facing backlash for this decision, their actions are under the scanner.

The Serum Institute’s CEO, Adar Poonawalla, issued a statement on the company’s behalf and justified the increase in the price. He stated that the price increase was on the grounds that it was required to make it sustainable for the company to invest in scaling up capacity. The company maintained that Covishield is the most affordable Covid-19 vaccine.

Adar said that the initial supply prices for Covishield used in all government immunization program, including India’s, was the lowest. The company further argued that as low funding was available, the low price of the vaccine became possible.

He further added, “The price of the vaccine is still lower than a lot of other medical treatments and essentials required to treat Covid 19 and other life threatening diseases.”

“Only a portion of Serum Institute’s volume will be sold to private hospitals at Rs. 600 per dose. His statement also said, ” Government procurement for country wide immunization programmes in all countries including India has been at a far lower price as the volumes are very large.”

Recent Posts

Top 15 Must-Visit Cafes in Bangalore for Every Coffee Lover

Top 15 Must-Visit Cafes in Bangalore for Every Coffee Lover Bangalore’s coffee culture is a… Read More

2 weeks ago

14 Perfect Day Trips Within 100 km of Bangalore

If you’re in Bangalore and itching for a short escape, there are plenty of destinations… Read More

3 weeks ago

Pani Puri Peril: Vendor in Bengaluru Busted for Using Rotten Ingredients

Bangalore: Street food lovers in Bengaluru, beware! A pani puri vendor near Navarang Theatre was… Read More

3 weeks ago

Where to Escape from Bengaluru This November and December: Top 16 Picks

Winter is the ideal season to explore Karnataka’s beauty, as the weather is cool and… Read More

3 weeks ago

Cheapest 8 Shopping Streets in Bengaluru: Budget-Friendly Shopping Guide

Explore the 8 cheapest shopping streets in Bengaluru, where you can find affordable fashion, accessories,… Read More

3 weeks ago

Top 20 Street Food Places in Bangalore You Must Visit

Discover the top 20 street food places in Bangalore, showcasing authentic flavors and must-try dishes… Read More

3 weeks ago