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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.
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.