New Delhi: Hyderabad-based biotechnology company Bharat Biotech on Saturday announced the price of Covaxin. While the State governments will have to pay Rs 600 for per dose, the private hospitals have to pay Rs 1200 per dose.

Earlier the manufacturing company has announced to scale up of manufacturing capacity to produce 700 million doses of Covaxin annually.

Manufacturing scale up has been carried out in a stepwise manner across multiple facilities at Hyderabad, and Bangalore. Inactivated vaccines, while highly safe, are extremely complex and expensive to manufacture, resulting in lower yields when compared to live virus vaccines.

To further increase capacities, Bharat Biotech has partnered with Indian Immunologicals (IIL) tomanufacture the drug substance for Covaxin.