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Sputnik V to be $300 million boost to Dr Reddy's- Business News


Sputnik V to be $300 million boost to Dr Reddy s
The company has got permission from the Drug Controller General of India (DCGI) to import the vaccine. Reddy s is also going to tap domestically contract manufactured vaccines as and when companies are allowed to start commercial manufacturing in India
PB Jayakumar | April 14, 2021 | Updated 17:35 IST
Dr Reddy s to market and distribute 250 doses of Sputnik V
Dr Reddy s Laboratories, which has exclusive marketing and distribution rights for the first 250 million doses of Russia s Sputnik V vaccines in India, may get potential upside revenues of $300 million from the contract, estimates an analyst report.
The government s Subject Expert Committee (SEC) of the Central Drugs Standard Control Organisation (CDSCO) has recently recommended Russian Direct Investment Fund (RDIF) s Sputnik V vaccine for Emergency Use Authorisation (EUA) in India, subject to satisfactory immunogenicity data submission. ....

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