Vaccine importer Sputnik V Covid threatens Pakistan if desired price is not set soon

KARACHI: Russian vaccine exporter Sputnik V Covid-19 threatened Pakistan on Tuesday to “re-export” the 50,000 doses if the price the company wants is not set soon by the government.
“AGP Limited, which imported the 50,000 doses of the Sputnik V vaccine, threatened to re-export the shipment if the desired price was not set by the government. The Drug Regulatory Authority of Pakistan (DRAP) Drug Prices Committee recommended Rs 8,449 for two doses of vaccine, which is not acceptable to the importer, ”a federal government official told Geo.tv under on condition of anonymity.
The importer also said selling the shipment to another country was “an option if an appropriate price is not set” for their product.
According to Geo.tv, the official argued that during the “verbal communication”, the importer had threatened to be able to re-export it or sell it to another country if an appropriate rate, according to the government’s formula of 40 percent. in addition to the cost of landing the product, is not applied when setting the price.
“The government is already severely criticized for the price recommended by the DRAP price committee of 8,449 Pakistani Rs. It was calculated on the basis of a landing cost of 30 USD but people compare it with the cost of the Russian vaccine in India and criticize the government for setting a higher price compared to the neighboring country, ”the official added.
On the other hand, AGP Limited officials said they had the “option of re-exporting” the shipment or selling it to another country where they were “assured” that they would get a price “extra. of their cost of landing in Pakistan, “Geo.tv reported.
“The government price of Rs 8,449 is not affordable for us because in addition to the cost of landing, there is a distributor’s margin, storage and transport costs, and hospitals and institutions will also take their costs. of service, “said a company official.
Previously, the federal government asked the DRAP pricing committee to “reconsider and re-evaluate” the maximum retail price (MRP) for doses of Sputnik V vaccine after AGP Limited expressed dissatisfaction with the regulator’s recommended price.
Government officials had previously said that AGP wanted a retail price of between 12,500 and 13,000 rupees for two doses of their vaccine based on their cost of landing, transportation, cold storage and shipping costs. other expenses, reported Geo.tv.
Pakistan has reported 633,741 cases to date. 13,935 people have died from the infection in the country.
Pakistan last week imposed a comprehensive travel ban from 12 countries, including South Africa, Rwanda and Tanzania, in a bid to curb the surge in coronavirus cases.
Prime Minister Imran Khan and his wife Bushra Bibi tested positive for the coronavirus on Saturday.

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