Sputnik V launched in India, to cost ₹995

RUSSIAN DIRECT INVESTMENT FUND

Russian made Covid-19 vaccine, Sputnik V, has been soft launched in India, with the first dose administered in Hyderabad on Friday, announced Dr Reddy’s laboratories in a statement.

The vaccine is priced at ₹995.40 per shot in the market, with a possibility of prices coming down further once local production starts.

Dr Reddy’s labs is the licensed distributors of the vaccine in India. The first consignment carrying 150,000 doses of the vaccine landed in Hyderabad on May 1.

“...the first consignment of imported doses of the Sputnik V vaccine that landed in India on 1st May, 2021, received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May, 2021. 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 14th May, 2021,” said Dr Reddy’s in a statement.

The Russian Direct Investment Fund (RDIF) said on Friday it expects the second batch of Sputnik V vaccine to be delivered to India by the end of the week. “Inoculations with Sputnik V in Hyderabad today followed the arrival of the first batch of the vaccine in India on May 1,” the RDIF said in a statement. “The second batch of Sputnik V is expected to arrive in India by the end of the week.”

Production of the vaccine locally is likely to start around July. “The imported doses of the vaccine are presently priced at an MRP of ₹948 + 5% GST per dose, with the possibility of a lower price point when local

The second batch of Sputnik V is expected to arrive in India by the end of the week