No, it is not right. The Bishops document speaking on priests who cannot eat wheat gluten or drink alcohol specifically says, that a priest who cannot receive under both forms is forbidden to be the sole celebrant or main celebrant in a concelebrated Mass. He may only be a concelebrant. The Mass is incomplete if the priest does not receive under both forms. However the Mass is NOT invalid and the Consecration is valid and Holy Communion takes place.
From Congregation for Doctrine of the Faith
July 24, 2003 Prot. 89/78-174 98
- A priest unable to receive Communion under the species of bread, including low-gluten hosts, may not celebrate the Eucharist individually, nor may he preside at a concelebration.
usccb.org/liturgy/innews/1103.shtml