Rs 150 per dose is not sustainable in long run: Bharat Biotech on Centre's Covaxin price
Hyderabad-based vaccine maker Bharat Biotech on Tuesday said the current supply price of its Covid-19 vaccine Covaxin to the Centre is not sustainable in the long run.

Hyderabad-based vaccine maker Bharat Biotech on Tuesday said the current supply price of its Covid-19 vaccine Covaxin to the Centre is not sustainable in the long run.
Rs 150 per dose is not sustainable in long run: Bharat Biotech on Centre's Covaxin priceCovaxin is being supplied to the Centre at a price of Rs 150 per dose.
The low supply price for the Centre is resulting in a higher pricing structure for the private sector, the company said. "The supply price of Covaxin to the government of India at Rs 150 / dose, is a non-competitive price and clearly not sustainable in the long run. Hence a higher price in private markets is required to offset part of the costs," Bharat Biotech said in a statement.
Various factors such as low procurement volumes, high distribution costs and other business reasons are responsible for the current price of Covaxin, the company said while justifying the higher price of its vaccine when compared to other Covid-19 vaccines available for the private sector in India.
Bharat Biotech has so far invested over Rs 500 crores at risk from its own resources for product development, clinical trials and setting up of manufacturing facilities for Covaxin, it added.
At the moment three Covid-19 vaccines have been granted emergency use approval in India. They are Bharat Biotech's Covaxin, Serum Institute of India's Covishield and Russia's Sputnik V.
Reports: 2 Russian transport jets shot down as attacks continue in...
26 Feb 2022 5:25 AM GMTGoogle Pay: Stuck with Payment Status 'Processing’ ? See how to fix...
28 Jan 2021 8:54 AM GMTMangal Pandey and Sepoy Mutiny of 1857
8 April 2021 5:41 AM GMTIndia abstains from voting on US sponsored UNSC resolution on...
26 Feb 2022 5:16 AM GMTRRR release live updates: Film collects Rs.22 crore from US premieres
25 March 2022 5:35 AM GMT
2008 serial blasts convict moves Gujarat HC for shifting to Sabarmati...
25 May 2022 10:45 AM GMTJoining BJP an option, AAP has better strategy than Congress: Hardik...
25 May 2022 5:44 AM GMTIndia detects another Omicron Sub-variant BA.5, NRI on Gujarat visit...
24 May 2022 12:39 PM GMT3 labourers killed, 4 injured in shed collapse at rice mill in...
24 May 2022 7:04 AM GMTRajkot: Married woman hangs to death inside police station
23 May 2022 10:27 AM GMT