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Dr Reddy's: Imported Sputnik V to be priced at Rs 995 per dose in India

Dr Reddys: Imported Sputnik V to be priced at Rs 995 per dose in India

Drug firm Dr Reddy's Laboratories on Friday said as part of a limited pilot, the soft launch of the COVID vaccine Sputnik V has commenced and the first dose of the vaccine was administered in Hyderabad.

"The imported doses of the vaccine are presently priced at an MRP of Rs 948 + 5 percent GST per dose, with the possibility of a lower price point when local supply begins. 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 Laboratories said in a BSE filing. This takes the cost to roughly Rs 995 per dose.

The first consignment of imported doses of the Sputnik V vaccine landed in India on May 1, and received regulatory clearance from the Central Drugs Laboratory, Kasauli, on May 13, 2021, it added.

The vaccine was granted Emergency Use Authorisation in India (EUA) in April, but the roll-out had not yet begun. According to data from Phase 3 clinical trials, Sputnik V has shown an efficacy of 91.6 per cent. The jab was developed by Russia's Gamaleya National Research Institute of Epidemiology and Microbiology.

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