Russia declared its vaccine is 95 percent effective.
Russia announced Tuesday that the Sputnik-V vaccine against the Coronavirus would be available free of charge to Russian citizens.
At the same time, it will be sold at a “symbolic” price in the global markets.
The Coronavirus vaccine developers, Sputnik-V, said that the vaccine would be offered at a price of fewer than 20 dollars per person in the global markets, stressing that Moscow aims to produce more than a billion doses of it at home and abroad during the next year.
A statement posted on the vaccine page on Twitter stated that it consists of two injections, each of which costs less than $ 20, and that it will be available free of charge to Russian citizens. The announcement of the price of the vaccine comes when Russia is looking to arrange the expansion of its production and distribution.
Kirill Dmitriev, head of Russia’s sovereign wealth fund, said Moscow and its foreign partners have the capacity to produce more than a billion doses starting from next year, enough to immunize more than 500 million people.
The price of the vaccine, which will be produced by Pfizer and Biontec, will be 15.5 euros per injection. In comparison, the vaccine AstraZeneca is working to produce in Europe will sell for about 2.5 euros per injection.
Dmitriev told Reuters that Moscow had deliberately sought to lower the price to make it available to the largest possible number of people worldwide.
On Tuesday, Russia confirmed that its “Sputnik-V” vaccine against the emerging coronavirus, developed by the Gamalia Research Center in Moscow, is 95 percent effective.
A statement issued by the center, the Russian Ministry of Health, and the Russian sovereign fund participating in the vaccine development indicated that these are preliminary results of experiments on volunteers 42 days after the injection of the first dose.
However, the statement did not mention the number of cases used to calculate the effective rate, as did, for example, the two American companies, Pfizer and Moderna, when the results of their vaccines were announced a few days ago.
Last Saturday, Russian President Vladimir Putin told the leaders of the Group of Twenty that Russia is ready to provide a vaccine for the Coronavirus, “Sputnik-V,” to any country that needs it.