Vaccine companies earning over Rs 900 Cr profit in a month: Satyendar Jain

Vaccine companies are earning over Rs 900 Crore profit in a month, said Delhi Health Minister Satyendar Jain. 

Jain, who earlier held a video conference with Union Health Minister Harsh Vardhan, said that he had conveyed to the latter that private players like Serum Institute of India and Bharat Biotech were generating huge profit of Rs 16,000 crore on 100 crore doses, considering the pandemic as an opportunity to generate enormous profits.

He elaborated, "Assuming a profit of Rs 10 per dose, the manufacturing companies produce 6 crore doses per month, it incurs Rs 30 crore profit from Centre, Rs 240 crore from states and Rs 690 crore from private entities. The total of which comes to approximately Rs 960 crore and per crore profit would be Rs 160 crore. So on 100 crore doses, a profit of Rs 16,000 crore is made."