Centre to buy Covishield and Covaxin at revised rates

The Centre has placed an order to procure 66 crore more doses of Covishield and Covaxin to be supplied between August and December this year, at a revised price of Rs 205 and Rs 215 per dose, respectively, excluding taxes, official sources said.

They said 37.5 crore of Covishield doses from the Serum Institute of India and 28.5 crore Covaxin doses from Bharat Biotech will be procured by December.

“An order to procure 66 crore more doses of COVID-19 vaccines–Covishield and Covaxin–to be supplied between August and December, at a revised price of Rs 205 and Rs 215 per dose, respectively, excluding taxes, has been placed,” the source said.

The price of each dose of Covishield amounts to Rs 215.25 and Covaxin Rs 225.75, including taxes, it said.

The health ministry, which was procuring both the vaccines at Rs 150 per dose, had indicated that the prices would be revised after the new COVID-19 vaccine procurement policy came into effect from 21st June. Under the new policy, the ministry will procure 75 per cent of the vaccines being produced by the drug manufacturers in the country.

While the Centre has asked both the vaccine manufacturing firms to scale up their production, the manufacturers had indicated that getting Rs 150 for each dose while making investments to ramp up the production was not viable for them.

The Union government had earlier allowed states and private hospitals to procure 50 per cent of the vaccines following demands for decentralisation of the process.

However, after several states complained of problems including of funding, Prime Minister Narendra Modi announced the revision of the vaccine guidelines on 8th June.

Domestic vaccine manufacturers are given the option to provide 25 per cent of their monthly production of vaccines to private hospitals.