You are here: Home » Current Affairs » Coronavirus » News
Business Standard

Govt inks pact, first consignment of Covid-19 vaccines to fly today

Serum to supply 11 mn doses at Rs 200 each initially

Coronavirus Vaccine | Serum Institute of India

Sohini Das  |  Mumbai 

Coronavirus vaccine
For the private market, however, the vaccine would cost around Rs 1,000 per dose

India has signed the much-awaited first purchase agreement for the government-sponsored Covid vaccination programme with Pune-based Talks were on with Hyderabad-headquartered Bharat Biotech till the time of going to press. The nationwide vaccination drive is starting on January 16.

According to sources, Serum Institute, which is manufacturing the AstraZeneca-Oxford vaccine, is likely to supply around 11 million doses of Covishield in the first lot to the Centre for Rs 200 per dose. Pricing for Covaxin from Bharat Biotech is being negotiated, a person close to the development said. The companies declined to comment on the matter.

The first consignment of vaccines is likely to be shipped by air on Tuesday morning, said people in the know. Serum Institute had earlier indicated that it would price the vaccine at Rs 200 per dose for the first 100 million doses it supplies to the government. For the private market, however, the vaccine would cost around Rs 1,000 per dose.

Bharat Biotech has not indicated any pricing, but has said it would be a factor of volumes. Sources had, however, indicated that the Hyderabad-based company may price its vaccine lower than Serum’s Covishield.

ALSO READ: A tale of committees in the run-up to vaccine

India is looking to vaccinate nearly 30 million, mostly health workers, in the first phase of vaccination drive by the Centre, implying a requirement of 60 million doses. Eventually, the government plans to vaccinate some 300 million by July. For that, it needs 600 million doses.

It is not clear how the Centre would divide the 60 million doses between the two vaccine makers during the first tranche. Between them, the two companies together have around 70 million doses ready to be supplied to the government. Serum Institute has 50 million packed doses while Bharat Biotech has around 20 million or so.

ALSO READ: Covid-19 vaccine: Centre will bear cost of Phase 1, says Narendra Modi

Bharat Biotech had earlier indicated it would have an annual supply of around 700 million doses from multiple facilities for Covaxin. By July, the company wants to be ready with 150 million doses.

On January 3, the country's drug regulator approved two vaccines — Covishield from Serum Institute and Covaxin from Bharat Biotech — for restricted use under emergency situation. Of the two, Covaxin, which is undergoing phase 3 trials, has been allowed a roll out in clinical trial mode.

Restricted use means the companies do not have a marketing authorisation required to sell the vaccines in the private market, be it in India or abroad. Serum Institute already has supply agreements in place with Gavi-Covax, an initiative of the World Health Organisation to ensure equitable distribution of vaccines globally. European countries and the US have shown interest in procuring Covaxin, the firm has said.

People would need to give informed consent before they are given the Covaxin shot and they would be monitored regularly after the jab. As for Serum Institute, the regulator has asked it to submit data of any adverse event after vaccination every 15 days for the first two months and once a month subsequently.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, January 12 2021. 01:35 IST