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Health Services and Supplies

Indian manufacturer cuts price of childhood vaccine by 30 percent

The cost of immunising millions of the world’s most vulnerable children against five deadly and debilitating diseases is set to fall, thanks to a major price reduction of one third for pentavalent vaccine.

This new, more cost-effective price provides the opportunity for the GAVI Alliance to pay up to US$ 150 million less over the next four years compared with using lowest cost alternative suppliers.

A supply agreement with Biological E Ltd of India makes the five-in-one shot available to GAVI for just $1.19 per dose, compared to the 2012 weighted average price of $2.17.

“This is great news for children in the world’s poorest countries and it shows that our innovative public-private partnership model is working well,” said Dr Seth Berkley, CEO of the GAVI Alliance. “A decade ago we had just one European supplier and a price of US$ 3.56. Today we have five suppliers, including two in India, and a price that is down to its lowest level yet. This marks the realisation of a vision that GAVI started a decade ago to create a healthy, competitive and sustainable global market for pentavalent vaccine".

To read the full article as it appears on the GAVI Alliance website click here.