Panacea Biotec to manufacture up to 25 mn doses

New Delhi, Aug 05 (PTI): Panacea Biotec on Thursday said it has entered into a pact to produce up to 25 million doses of Sputnik V COVID-19 vaccine using the drug substance manufactured by pharma firm Generium in Russia. The company has entered into a “licensing and manufacturing agreement with Human Vaccine Limited Liability Company, a subsidiary of Russian Direct Investment Fund, Russia, Generium Joint Stock Company,Russia, and Dr Reddy’s Laboratories Ltd,” Panacea Biotec said in a filing to BSE.
As per the terms of this agreement, Panacea Biotec shall produce the Sputnik V vaccine using the ready-to-fill drug substance manufactured by Generium in Russia, and then supply the entire quantity to Dr Reddy’s for distribution in India, it added.
“The agreement is for manufacture (fill and finish) of upto 25 million doses of Sputnik V vaccine,” Panacea Biotec added.
Shares of Panacea Biotec ended at Rs 356.40 per scrip on BSE, up 2.77 per cent from its previous close.