The Serum Institute of India, the largest manufacturer of vaccines by volume in the world, set the maximum price of the COVID-19 vaccine, which has been estimated at $ 3 per dose, according to the newspaper The Times of India.
The price will be funded for $ 150 million by the Bill and Melinda Gates Foundation and the amount will be administered by GAVI (Global Alliance for Vaccines and Immunization, for its acronym in English). The Serum Institute partnered this Friday with GAVI and the foundation of the tycoon and his wife.
The grant will streamline manufacturing and delivery of up to 100 million doses for India and middle-income countries. In total, it is planned to distribute to 92 countries. Among the candidates for vaccines to be financed are the British AstraZeneca and the American Novavax.
The doses of the vaccine are expected to be administered in the first half of 2021. The schedule will depend on the results of the phase 3 trials and the approval of the Comptroller General of Drugs of India and the prequalification of the World Health Organization (WHO).
This Sunday, global cases of COVID-19 exceeded 19.4 million, although this week’s daily contagion curve seems show some slowdown, after two months of rapid growth of the pandemic, according to confirmed data from the World Health Organization (WHO).