Centre asks Serum Institute, Bharat Biotech to lower Covid vaccines’ price

The central government on Monday asked the Serum Institute and Bharat Biotech to lower price of their COVID-19 vaccines amid criticism from various states who accused the companies of profiteering during such a major crisis. Now the two companies are expected to come up with revised pricing for their vaccines. The Hyderabad-based Bharat Biotech has fixed the price of its COVID-19 vaccine, Covaxin, at ₹600 per dose for state governments and at ₹1,200 per dose for private hospitals. The Pune-based Serum Institute of India (SII), the world's largest vaccine maker in terms of volume, has announced a price of ₹400 per dose for its COVID-19 vaccine, 'Covishield', for state governments and ₹600 per dose for private hospitals. Watch the full video for more details.