Hyderabad-based Bharat Biotech International, a manufacturer of the COVID-19 vaccine vaccine, has justified its high cost in comparison to other vaccines available to the private sector in India. In a statement issued on Tuesday, the company also said that the cost of supply of Covaccine to the Government of India is Rs 150 per dose, which may not last long. He said that to meet the cost, higher prices are needed in the private markets.
Covaccine costs more than other vaccines
A single dose of this vaccine made in India can cost up to Rs 1,410 (which includes GST and hospital charges) in a private hospital. On the other hand, Kovishield is available for Rs 780 per dose in India and Sputnik V from Russia is available for Rs 1,145.
Bharat Biotech said the price of the vaccine depends on several factors such as cost of ingredients and raw materials, product failures, at risk product development outlay, product outlay, product overage, entire capital cost to set up adequate manufacturing facilities, SAIL and distribution costs, purchase levels, and commitments in addition to regular business expenses.
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It also explained that the Covaccine is a whole-virion inactivated Vero Cell vaccine and involves a more complex manufacturing process. The statement said that the process is very complex as the critical element is based on live virus, which requires more complex, multiple level containment and purification process. So many parameters of purification cause great harm to the process. Talking about the high prices of Covaccine for the private sector, the company said that this is purely for fundamental business reasons.
The company said that as directed by the Government of India, less than 10 per cent of the total production of the vaccine till date has been supplied to private hospitals, while most of the remaining quantity has been supplied to the state and central governments. was. In such an environment, the average price charged by Bharat Biotech for supply is less than Rs 250 per dose.