Will there be a special India price for Shingrix?
Yes, the vaccine will be introduced in India at a significantly lower price than the US where it costs around $450 for two doses. Here, we plan to introduce it at a one-third price of the US so that more people can take it. It is estimated that India has 260 million people aged above 50.
Your vaccine revenues have fallen by 34 per cent. What are the reasons, and how do you plan to revive it?
The pandemic hit the vaccine uptake significantly. For almost 8 months there was no footfall at paediatrician clinics where most private vaccination takes place. However, we see that from February this year, there has been a revival and the vaccination rates have gone back to pre-Covid levels. For the paediatric segment, our focus vaccines are the hexavalent vaccine, which protects against six diseases (diphtheria, tetanus, acellular pertussis, hib — haemophilus influenza — hepatitis B and inactivated polio vaccine). We also had some issues with stocks, for example, our varicella vaccine was not available. We only have a single source for our vaccines – Belgium. The vaccines are manufactured, filled and finished and then sent to India. This is different from our pharmaceuticals business where 98 per cent is made in India. Now we expect the products to be available, and that will give a volume boost.