Serum Institute cuts Covishield price by ₹100 for State govts April 29, 2021 Adar Poonawalla, CEO, Serum Institute of India Ltd - Bloomberg× The vaccine will cost Rs 300 for States Amid protests from politicians and public health voices on the differential pricing of Covid-19 vaccines, Serum Institute of India has reduced the selling price on its Covishield by ₹100 for State governments. “As a philanthropic gesture on behalf of @SerumInstIndia, I hereby reduce the price to the states from Rs.400 to Rs.300 per dose, effective immediately; this will save thousands of crores of state funds going forward. This will enable more vaccinations and save countless lives,” Serum Chief Executive Adar Poonawalla tweeted.