Serum Institute of India reduces price of its Covid-19 vaccine for state government

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The Serum Institute of India (SII) on Wednesday reduced the price of its vaccine ‘Covishield’ from Rs. 400 to Rs. 300 per dose to the states.

“As a philanthropic gesture on behalf of @SerumInstIndia, 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.

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This comes after the Central government on Monday reportedly asked the COVID-19 vaccine manufacturers Serum Institute of India (SII) and Bharat Biotech to lower the prices of their COVID-19 vaccines ahead of the third phase of the vaccination drive from May 1 where all citizens above the age of 18 will be administered the vaccine.

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