Unable to sell Sputnik Light stock, Stelis Biopharma asks PM Modi for procurement of jabs
Arun Kumar requested that the government should acquire the available doses, failing which these will get wasted and the company will face a huge financial loss.;
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New Delhi: Unable to sell its huge stock of COVID vaccine Sputnik Light amid the Russia-Ukraine conflict, the Bengaluru-based Stelis Biopharma has written to Prime Minister Narendra Modi requesting for procurement of the jabs for inoculating citizens here or supplying to other countries under the Vaccine Maitri programme.
Stelis Biopharma, the biopharmaceutical arm of Strides Pharma Science, said it could not sell 2.5 crore units of the single-dose vaccine manufactured by it due to several constraints following the Russian-Ukraine war.
The Drugs Controller General of India (DCGI) had granted emergency use permission to Sputnik Light, subject to certain regulatory provisions, in February this year. However, it is currently not being administered in the country.
In the letter written on May 13, Arun Kumar, Founder and Director of Stelis Biopharma Limited, said that after the prime minister had requested the industry to gear up to tackle the pandemic, the firm invested over Rs 700 crore to set up a state-of the-art vaccine manufacturing facility within six months despite the COVID-19-induced restrictions and quickly commenced the production of Sputnik Light.
In March 2021, Stelis had partnered with Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, to produce and supply the vaccine
Read also: Stelis Biopharma, RDIF collaborate to supply 200 million Sputnik V doses
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