Russia’s sovereign wealth fund, Russian Direct Investment Fund (RDIF) and Panacea Biotec, one of the leading vaccine and pharmaceutical producers in India, on May 24 announced the launch of production of the Russian Sputnik V vaccine against COVID-19.
The first batch produced at Panacea Biotec’s facilities at Baddi in Himachal Pradesh will be shipped to the Gamaleya Center for quality control. “Full-scale production of the vaccine is due to start this summer. Company’s facilities comply with GMP standards and are prequalified by WHO,” the company said.
Sputnik V was registered in India under the emergency use authorization procedure on April 12 and vaccination against COVID-19 with the Russian vaccine started on May 14. As announced in April, RDIF and Panacea have agreed to produce 100 million doses per year of the vaccine.
To date the vaccine has been registered in 66 countries globally with total population of over 3.2 billion people. Efficacy of Sputnik V is 97.6% based on the analysis of data on coronavirus infection rate among those in Russia vaccinated with both components of Sputnik V from December 5, 2020 to March 31, 2021.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said: Launch of production in India in partnership with Panacea Biotec marks an important step in helping the country fight the pandemic. Production of Sputnik V supports efforts of India’s authorities to leave behind the acute phase of coronavirus as soon as possible while the vaccine will also be exported at a later stage to help prevent the spread of the virus in other countries around the world.”
Rajesh Jain, managing director, Panacea Biotec, said: “This marks a significant step as we initiate production of Sputnik V. Together with RDIF, we hope to help bring a sense of normalcy back to people across the country and around the world.”
The News Mill is now on Telegram. Click here to join our channel (@thenewsmill) and stay updated with the latest news from across Northeast India