Serum Institute to make 100 mn more doses of Covid vaccine for Rs 250 each

Secures additional $150 mn risk funding from Bill and Melinda Gates Foundation

Pune-based Serum Institute of India (SII), the world’s largest vaccine maker by volume, will now be producing an additional 100 million Covid-19 vaccine doses for India as well as low- and medium-income countries (LMICs) in 2021. The vaccine will come for $3 or around Rs 250 per dose.
 
This would take the total volume of vaccines that SII will offer at this price to 200 million. The company has received an additional $150 million risk funding from the Bill and Melinda Gates Foundation. The announcement practically takes forward the collaboration among SII, Gavi, the Vaccine Alliance and Bill and