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India allows vaccine for all above 18 from May 1: Here's how COVID-19 vaccines are priced across the world

US-based vaccine developer- Pfizer and German start-up BioNTech have priced their mRNA-based COVID-19 vaccine candidate BNT162b2, at reportedly $19.50 for a single shot and two doses for $39.

April 20, 2021 / 09:00 IST
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Prime Minister Narendra Modi launched the nationwide vaccination drive on January 16, with healthcare workers at the frontline of India's COVID-19 battle getting their first jabs. (Representative image)

In a bid to tackle the second wave of the deadly coronavirus in the country, the central governmnet on April 19 announced that all adults will be eligible for COVID vaccination from May 1 while private hospitals and states will be able to buy doses directly from manufacturers.

Under the third phase of the vaccination drive commencing next month, the vaccine manufacturers would be free to supply 50 percent doses to state governments and in the open market for which they will have to make an advance declaration of the price before May 1, government said in a statement.

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Amid this major development let us look at the price of top vaccine candidates developed around the world.

BNT162b2

COVID-19 Vaccine
Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
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