STOCK MARKET BSE NSE

Panacea Biotec supplies second component of Sputnik V vaccine in India 

This is the first batch of the second component produced and supplied by the company in India, the drug firm and the Russian Direct Investment Fund (RDIF) said in a joint statement.

Published: 07th September 2021 02:57 PM  |   Last Updated: 07th September 2021 02:57 PM   |  A+A-

Sputnik V vaccine. (Photo | PTI)

By PTI

NEW DELHI: Panacea Biotec has supplied the first shipment of the second component of the Russian Sputnik V vaccine manufactured by it for sale in India.

This is the first batch of the second component produced and supplied by the company in India, the drug firm and the Russian Direct Investment Fund (RDIF) said in a joint statement.

Sputnik V has pioneered the use of heterogeneous boosting (two different vectors for the two shots in a course of vaccination among COVID vaccines).

This approach provides for immunity with a longer duration than vaccines using the same delivery mechanism for both shots, the statement said.

The second component of Sputnik V has been manufactured at the company's vaccine manufacturing facility in Himachal Pradesh, Panacea Biotec said in a late night regulatory filing on Monday.

The batch will be distributed in India through Dr Reddy's Laboratories, a partner of RDIF and Panacea Biotec, it added.

"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," Panacea Biotec MD Rajesh Jain said.

The Sputnik V vaccine has been developed by the Gamaleya National Research Center of Epidemiology and Microbiology and RDIF.

Shares of Panacea Biotec were trading at Rs 312.00 per scrip on BSE, up 5.91 per cent from its previous close.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp