Serum Institute declares the pricing of Oxford vaccine at Rs 1000 per shot

▴ Serum Institute declares the pricing of Oxford vaccine at Rs 1000 per shot
Adar Poonawalla said the vaccine will be priced at a maximum of Rs 1,000 for two necessary doses for the public, depending on the final trial results and regulatory approvals

Serum Institute of India CEO Adar Poonawalla has said the Oxford coronavirus vaccine should be available for healthcare workers and elderly people by around February 2021 and by April for the general public.

He said the vaccine will be priced at a maximum of Rs 1,000 for two necessary doses for the public, depending on the final trial results and regulatory approvals.

Speaking at the Hindustan Times Leadership Summit (HTLS), 2020. he said probably by 2024, every Indian will get vaccinated.

"It will probably take two or three years for every Indian to get inoculated, not just because of the supply constraints but because you need the budget, the vaccine, logistics, infrastructure and then, people should be willing to take the vaccine. So these are the factors that lead up to being able to vaccinate 80-90 per cent of the population. It will be 2024 for everybody, if willing to take a two-dose vaccine, to be vaccinated," Poonawalla said.

When asked at what price the public will get it, he said it will be around USD 5-6 per dose with an MRP of around Rs 1,000 for the two necessary doses.

"The government of India will be getting it at a far cheaper price at around USD 3-4, because it will be buying in a large volume and get access to the price that is similar to what COVAX has got. We are still pricing it far cheaper and more affordable than other vaccines we have in the market today," Poonawalla said as quoted by PTI.

About the efficacy of the vaccine, he said the Oxford-Astrazeneca vaccine is so far proving to work very well even in elderly people, which was earlier a concern.

"It has induced a good T-cell response, which is an indicator for your long-term immunity and antibody response but then again, time will only tell if these vaccines are going to protect you in the long term. Nobody can answer that for any of the vaccines today," Poonawalla said.

Speaking on the safety aspect, he said there have been no major complaints, reactions, or adverse events, adding, "We would need to wait and see. The efficacy and immunogenicity results from the Indian trials will come out in about a month-and-a-half."

Asked when the SII will apply for an emergency authorization, Poonawalla said as soon as the UK authorities and the European Medicines Evaluation Agency (EMEA) approve it for emergency use, it will apply to the drug controller for emergency use authorization in India.

"But that will be for a limited use for frontline workers, healthcare workers and elderly people," he added.

Children would have to wait a little longer till the safety data is out, but the good news is that Covid-19 is not so bad and serious for them, Poonawalla said.

"Unlike measles pneumonia, which is deadly, this disease is seeming to be less of a nuisance for children but then, they can be carriers and can give the infection to others. We want to vaccinate the elderly people and others who are the most vulnerable first. Once we have enough safety data to go in on children, we can recommend it for children too," he said.

Poonawalla said the Oxford vaccine is affordable, safe, and stored at a temperature of two to eight degrees Celsius, which is an ideal temperature for it to be stored in the cold storages of India.

He said the SII plans to make about 10 crore doses per month from February.

As regards how many doses would be provided to India, Poonawalla said talks are still going on and no agreement has been arrived at in this regard.

"India wants around 400 million doses by July. I do not know if it will take all from the Serum Institute. We are gearing up to offer that kind of volume to India and still have a few 100 million to offer to COVAX by July and August. No agreement so far," he said.

Poonawala said the SII is not entering into any agreement with other countries at this moment as India is its priority.

"We have not signed and committed anything else beyond Bangladesh at the moment. We really do not want to partner right now with many countries because we will not have enough stocks to deliver.

"We want to handle India as a priority first and manage Africa at the same time and then help out other countries," he said.

Poonawalla said 30-40 crore doses of the Oxford vaccine will be available by the first quarter of 2021.

In another session of the summit, AIIMS Director Dr. Randeep Guleria said there is some talk going on between Pfizer and the Indian government but not much with Moderna.

"It is going to be a huge challenge as far as the Pfizer vaccine is concerned, considering that it needs a cold chain of minus 70 degrees Celsius," he said and pinned hoped on the vaccines that are at various stages of trial in India.

On the availability of a COVID-19 vaccine, Guleria said the percentage of the population to be inoculated will depend on the number of vaccines getting the regulatory approvals and the number of shots they are producing.

He further said the coronavirus goes into the lungs without making a person symptomatic.

"We have individuals who are asymptomatic and you can see patches in their lungs at CT scans directly. It really bypasses a person's defense mechanism, which means that you not only have the virus in your nose or throat, but it has gone right into your lungs. A virus which can do that is something we have to be wary of," Guleria said.

Story Source: https://www.indiatoday.in/coronavirus-outbreak/story/coronavirus-vaccine-serum-institute-ceo-1742446-2020-11-20

Tags : #SerumInstituteofIndia #LatestNewsonSerumInstituteofIndia20thNov #AdarPoonawalla #GovernmentofIndia #LatestNewsonCOVIDVaccine20thNov #EuropeanMedicinesEvaluationAgency #LatestPharmaNews20thNov

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

10 PCOS Warning Signs That Need Your AttentionDecember 27, 2024
Experts Dub 2024 as the Year of Technologies and Innovations in Healthcare; Stress on further Integration of Technologies December 27, 2024
Aakash Healthcare Partners with Japan for Groundbreaking Surgical Intervention: A Global Collaboration to Revolutionize Cardiovascular CareDecember 26, 2024
Traditional Medicine Goes Global: How Ayush 2024 Reimagined WellnessDecember 26, 2024
Aster Guardians Global Nursing Award 2025 worth INR 2 Crore now open for nominations worldwide December 26, 2024
Holiday Season Round the Corner? 6 Daily Habits That Could Be The Reason Behind Your Fatty LiverDecember 26, 2024
Healing the Nation: Doctors as Architects of a Healthier FutureDecember 26, 2024
Brewing Health Benefits: Can Coffee and Tea Help Fight Head and Neck Cancers?December 26, 2024
Seven-Year-Old Fights Back Against Rare Autoimmune DiseaseDecember 26, 2024
Olympus Named to Dow Jones Sustainability World Index for the Fourth Consecutive YearDecember 26, 2024
American Oncology Institute (AOI) in Nagpur Restores Mobility with KyphoplastyDecember 26, 2024
Sanjeevani Healthcare & Wellness Expo 2024: A Dynamic Platform for Global Healthcare CollaborationDecember 23, 2024
Ranitidine: Saviour or Suspect? The Truth Behind the Stomach Acid RemedyDecember 23, 2024
From One-Size-Fits-All to Precision Medicine: The New Hope for Rare Bone Cancer PatientsDecember 23, 2024
World Meditation Day: India’s Gift of Peace to a Chaotic WorldDecember 23, 2024
Breaking New Ground in Migraine Care: A Landmark Session on Diagnosis and TreatmentDecember 23, 2024
Black Angels remind us of centuries of injustices plaguing the TB responseDecember 20, 2024
Healthcare Startups to Watch Out for in 2025December 20, 2024
Biobank Blueprint: Redefining Diabetes Diagnosis and Treatment in IndiaDecember 20, 2024
The Future of Malaria Prevention: Can This Vaccine Eliminate the Disease?December 20, 2024