Russia's Sputnik V to be cheaper than Pfizer, Moderna COVID vax

COVID-19 vaccine Sputnik V
(FILES) This file handout picture taken on August 6, 2020 and provided by the Russian Direct Investment Fund shows the vaccine against the COVID-19 coronavirus disease, developed by the Gamaleya Research Institute of Epidemiology and Microbiology. - Philippine authorities are meeting on August 12, 2020 the Russian drug maker behind Moscow's first coronavirus vaccine to discuss clinical trials, officials said, after President Rodrigo Duterte volunteered to be a guinea pig for its efficacy. (Photo by Handout / Russian Direct Investment Fund / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Russian Direct Investment Fund
SHARE

Moscow: Russia's Sputnik V vaccine against COVID-19 will cost governments much lower than that of Pfizer's and Moderna's, the official Twitter handle of the world's first registered vaccine against the pandemic said on Sunday.

"Translating pharma lingo: the announced price of Pfizer of $19.50 and Moderna of $25-$37 per dose actually means their price of $39 and $50-$74 per person. Two doses are required per person for the Pfizer, Sputnik V and Moderna vaccines. The price of Sputnik V will be much lower," said the tweet.

According to a spokesman for the Russian Direct Investment Fund (RDIF), RDIF is Russia's sovereign wealth fund, the price of the Russian vaccine will be made public next week, TASS news agency reported.

Russia became the first country to give regulatory approval to a COVID-19 vaccine in August when Sputnik V was officially registered ahead of large-scale clinical trial.

The vaccine was developed by the Gamaleya National Research Centre for Epidemiology and Microbiology of the Russian Health Ministry.

The third, post-registration, stage of clinical tests began on August 25. The vaccine was developed on a platform that had been used for a number of other vaccines.

According to the Russian Health Ministry, these vaccines have proved their ability to form lasting immunity for a period of up to two years.

The first batch of the vaccine was dispatched to Russian regions on September 12, said the TASS report.

MORE IN HEALTH
SHOW MORE
The comments posted here/below/in the given space are not on behalf of Onmanorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.