Dr Reddy’s rolls out Sputnik V Covid-19 vaccine in India at around Rs 995 per dose | India News – Times of India

HYDERABAD: Dr Reddy’s Laboratories, the Indian accomplice of Russian Direct Investment Fund (RDIF), mentioned it has commenced Sputnik V’s India rollout with the primary dose being administered in Hyderabad on Friday as half of a restricted pilot.
The firm additionally mentioned the imported vaccine has been priced at Rs 948 per dose with an extra 5% GST to be charged on it, placing the worth at around Rs 995.4, just below Rs 1000 a dose.
“As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on May 14, 2021,” the corporate mentioned in a regulatory submitting with the bourses.
“The imported doses of the vaccine are presently priced at an MRP of Rs 948 + 5% GST per dose, with the possibility of a lower price point when local supply begins,” it mentioned.

The firm mentioned that the primary first consignment of imported doses of the Sputnik V vaccine, that landed in India on May 1, 2021, obtained regulatory clearance from the Central Drugs Laboratory, Kasauli, on May 13, 2021.
According to Dr Reddy’s additional consignments of imported doses are anticipated over the upcoming months and subsequently, provide of the Sputnik V vaccine will start from Indian manufacturing companions.

“The company is working closely with its six manufacturing partners in India to fulfill regulatory requirements to ensure smooth and timely supply. Dr Reddy’s will work closely with stakeholders in the government and private sector in India to ensure the widest possible reach of the Sputnik V vaccine as part of the national inoculation effort,” the corporate mentioned.
Dr Reddy’s co-chairman & managing director G V Prasad mentioned: “With the rising cases in India, vaccination is our most effective tool in our battle against Covid-19. Contributing to the vaccination drive in India is our biggest priority right now to help Indians be healthy and safe.”

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