Quick News Bit

Covid-19: Russia’s Sputnik V vaccine to be rolled out from Morepen’s facilities

0
The Sputnik V is priced under $10 per shot.The Sputnik V is priced under $10 per shot.

Morepen Laboratories and the Russian Direct Investment Fund (RDIF) on Tuesday said the test batch of Russia’s Sputnik V vaccine was produced at Morepen’s facilities in Himachal Pradesh. Morepen and the RDIF are aiming to produce 500 million doses of Sputnik V in India per annum.

The first batch will be shipped to the Gamaleya Center in Moscow for quality control. RDIF and Morepen Laboratories signed an agreement in June and the technology transfer programme is underway. Sputnik V got emergency use authorisation in India on April 12.

RDIF has agreements with other Indian pharma companies like Gland Pharma, Hetero Biopharma, Panacea Biotec, Stelis Biopharma and Virchow Biotech to make 850 million doses of Sputnik V per year in the country. Panacea Biotech on Monday received manufacturing licence from the Drugs Controller General of India for making the vaccine at its Baddi facility in Himachal Pradesh.

Kirill Dmitriev, CEO of RDIF, said the pandemic was far from over with new and more dangerous variants of the novel coronavirus being detected. So, RDIF was increasing capacity to manufacture Sputnik V in India, which has become a production hub for the same. The agreement with Morepen Laboratories would lead to an increased availability of Sputnik V in India and globally, to speed up the vaccination, Dmitriev said.

Sushil Suri, chairman and managing director of Morepen, said the company would work jointly in expanding the production base in India and function in more areas of common interest in future. Sputnik V has reported an efficacy of 97.6% and can be stored in a conventional refrigerator at 2-8 degree celsius. The Sputnik V is priced under $10 per shot.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

For all the latest Life Style News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment