COVID-19 vaccine price cap too low, companies 'feel betrayed', says Biocon chairperson Kiran Mazumdar Shaw

New Delhi: Biocon chairperson Kiran Mazumdar Shaw on Sunday hit out at the government capping COVID-19 vaccine price at Rs 250 at private hospitals, saying vaccine companies "feel betrayed" as it is too low to sustain.

Reacting to a report that the health ministry has fixed Rs 250 per shot at private hospitals and health centres, she tweeted"

Covid Vaccine Jab Capped At Rs 250 At Private Hospitals: Government - understand vaccine cos feel betrayed as price is too low to sustain. If WHO has agreed to $3 per dose why beat them down to $2? We r crushing instead of incentivising vaccine industry https://t.co/Ts54RbyFJb

— Kiran Mazumdar-Shaw (@kiranshaw) February 28, 2021

The government's capping of the vaccine price at private hospitals comes at a time when India is preparing to vaccinate people aged above 60 years and those over 45 with co-morbidities from 1 March.

The COVID-19 vaccine will be given free of cost at government hospitals, while people will need to pay for it at private facilities.

It is understood that the Rs 250 ceiling per dose includes Rs 150 per dose of vaccine plus Rs 100 service charge.

from Firstpost India Latest News https://ift.tt/3b2LiUU