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Panacea Biotec supplies 2nd component of Sputnik V vaccine in India

Ruchika SharmaWritten by Ruchika Sharma Published On 2021-09-08T12:31:15+05:30  |  Updated On 8 Sept 2021 12:31 PM IST
Panacea Biotec supplies 2nd component of Sputnik V vaccine in India
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New Delhi: The Russian Direct Investment Fund (RDIF) and Panacea Biotec Ltd., have announced the supply of the 1 st shipment out of 1 million doses of the second component (human adenovirus serotype 5) of the Russian Sputnik V coronavirus vaccine manufactured by Panacea Biotec for sale in India.

This is the first batch of the second component produced and supplied by the Company in India. Doses of the second component of Sputnik V have been manufactured at the Panacea Biotec's state of the art vaccine manufacturing facility in Himachal Pradesh. The Company received necessary clearance from Central Drug Laboratories (CDL), Kasauli on August 31, 2021.

Full-scale production of Spuntik V started at Panacea Biotec's facilities this summer. Facilities comply with GMP standards and are prequalified by WHO. The batch will be distributed in India through a partner of RDIF and Panacea Biotec – Dr. Reddy's Laboratories. To date Sputnik V has been authorized in 70 countries with total population of over 4 billion people.

Dr. Rajesh Jain, Managing Director of Panacea Biotec, said: "Panacea Biotec is pleased to have successfully produced and dispatched the first batch of Component II (Ad5) of Sputnik V vaccine. More batches are currently under production at our manufacturing facility in Himachal Pradesh."

Read also: Panacea Biotec to produce up to 25 million Sputnik V doses

Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF's management company is based in Moscow.
Panacea Biotec is an innovation-led biopharmaceutical group that focuses on discovery, development, and commercialisation of prescription medicines primarily, focusing on Vaccines, Diabetes, Transplant, Gastroenterology, and Oncology.
Read also: Panacea Biotec gets DCGI license to manufacture Sputnik V



panacea biotecpanacea biotec newssputnik vcoronavirus vaccinecovid19coronaviruscentral drug laboratories
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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