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How profitable is Adar Poonawalla's Serum Institute?


How profitable is Adar Poonawalla s Serum Institute?
At Rs 300, the expected earnings from, let s say, 500 million doses of Covishield stand at about Rs 15,000 crore, which is near three times the total revenue of Serum Institute in FY20
Adar Poonawalla poses with first consignment of Covishield (Photo credit: Twitter)
Vaccine-maker Serum Institute of India has become a household name as Indians scramble to book vaccine slots amid a devastating second wave of coronavirus. While Serum is one of the world s biggest vaccine manufacturers, its name made it to common parlance with the breakout of COVID-19 and there is proof to show for it. According to corporate database Capitaline there are 418 Indian companies that posted revenues above Rs 5,000 crore in 2019-20. Out of those, Serum earned the maximum net profit for every rupee of revenue. ....

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Serum Institute fixes Covishield price at ₹400 per dose for States


Serum Institute fixes Covishield price at ₹400 per dose for States
April 21, 2021
The same will cost ₹600 in the private market; foreign vaccines to cost ₹750 upwards
Vaccine-maker Serum Institute of India (SII) said it is pricing its Covid-19 vaccine at a per dose cost of ₹ 400 for States and ₹ 600 for the private market.
 
This follows a recent government announcement to expand vaccination to all citizens of over 18 years in the country from May. The government has also allowed companies to sell 50 per cent of their capacity to States and to private entities.
The price is higher than that the one fixed by the Centre (₹250), when the vaccines were procured through central government channels. The company pointed out that its prices were affordable in comparison to global vaccine prices. ( see the accompanying table ) ....

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