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Serum Institute gets $150 mn funding for COVID-19 vaccine


The Bill and Melinda Gates Foundation and GAVI vaccines alliance have decided to provide funding of $150 million to the Serum Institute of India. The funding will be provided to Serum Institute to make 100 million COVID-19 vaccine doses for India and other developing economies by 2021.

The vaccine to be priced at $3 per dose

The candidate vaccines, including those from AstraZeneca and Novavax, will be priced at $3 per dose and will be made available in 92 countries in GAVI’s COVAX Advance Market Commitment (AMC), the company said in a statement.

Gates Foundation to provide funds to GAVI

The Gates Foundation will provide the funds to GAVI, which will be used to support the Serum Institute.

GAVI, backed by the Gates Foundation, is a public-private global health partnership with the goal of increasing access to immunization in poor countries.

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It co-leads COVAX—a scheme designed to guarantee fast and equitable access globally to COVID-19 vaccines. The scheme is operated along with the World Health Organisation and the Coalition for Epidemic Preparedness Innovations (CEPI).

COVAX aims to deliver 2 billion doses by 2021-end

COVAX aims to deliver 2 billion doses of approved and effective COVID-19 vaccines by the end of 2021.

India gallops past 20 lakh COVID-19 cases

The Ministry of Health and Family Welfare on Friday reported over 60,000 fresh cases of COVID-19 in India in the past 24 hours. Notably, 62,538 fresh COVID-19 cases have been reported in the last 24 hours.

It is the biggest single-day surge in COVID-19 cases in the country ever since the pandemic began. The addition of the fresh cases has taken the coronavirus case count in the country past the 20 lakh-mark. The total coronavirus caseload currently stands at 20,27,074.

The death toll due to the deadly virus has climbed to 41,585, the ministry’s data suggests. Notably, 886 people have succumbed to the virus in the past 24 hours. The death rate currently stands at 2.05 percent.


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