Serum Institute of India to cost Covid-19 vaccine at USD three per dose

Tribune News Service

New Delhi, August 7

World’s main vaccine maker Serum Institute of India on Friday stated it will produce as much as 100 million Covid-19 vaccine doses for India and low- and middle-income nations as early as 2021.

The institute in an announcement stated it will value every dose of the vaccine for USD three which roughly interprets into Indian Rupees 225.

SII issued the assertion after getting into into what it referred to as a brand new landmark collaboration between the SII, GAVI (Global Alliance for Vaccines) and Bill and Melinda Gates Foundation.

SII to get $150 mn from Gates Foundation

Under the association the Bill and Melinda Gates Goundation by way of its strategic funding fund will present at-risk funding of USD 150 million to GAVI which will probably be used to assist the SII to fabricate the potential vaccine candidates.

“Vaccines will be priced at maximum USD 3 per dose and made available to the 92 countries included in GAVI’s COVAX Advance Market Commitment,” Afar Poonawalla led SII stated in an announcement.

Pune based mostly Serum Institute has partnered with Oxford University and British Swedish Pharma agency Astra Zeneca to mass produce the frontrunner COVID 19 vaccine Covishield which has entered part three scientific trials in some nations after displaying security and immune response in part 1 and a couple of research within the UK.

Indian Drug controller has additionally permitted SII to undertake part 2 and three human trials on Covishield in India.

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