Hyderabad: Bharath Biotech has decided to slash the price of Covaxin vaccine to Rs 400 from Rs 600 per dose for supply to State Governments.
Announcing the price cut on Thursday, the company maintained that it was deeply concerned with the critical pandemic situation in India. Realising the enormous challenges to the public health care system, the company decided to make available Covaxin to State governments at a price of Rs 400 per dose.
The company maintained that it was “transparent in the approach to pricing which was determined by internally funded product development, several operationally intensive BSL-3 manufacturing facilities and clinical trials. The press release pointed out how Bharat Biotech had been fearlessly handling live Sars-CoV-2 virus strains and tirelessly working round the clock while overcoming many challenges given in the uncertainty of the pandemic.
“With the greater part of the organisation’s facilities and resources being diverted to Covid-19 vaccines, w continue to work towards offering superior Covid-19 vaccines and sincerely wish that this gesture enables our country towards a faster recovery”, the company press release said.
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