Russia’s Sputnik V vaccine against Covid-19 will cost governments much less than that of Pizer and Moderna, the official Twitter account for the world’s first registered vaccine against the pandemic announced on Sunday.
Translating the pharmaceutical jargon: Pfizer’s advertised price 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 Pfizer, Sputnik V and Moderna vaccines. The price of Sputnik V will be much lower, “the tweet said.
According to a spokesperson 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, the 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 a large-scale clinical trial.
The vaccine was developed by the Gamaleya National Research Center for Epidemiology and Microbiology of the Russian Ministry of Health.
The third, post-registration stage of clinical trials 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 Ministry of Health, these vaccines have proven their ability to form lasting immunity for a period of up to two years.
The first batch of vaccine was shipped to Russian regions on September 12, the TASS report said.