Dr Reddy’s Labs Launches Sputnik V Vaccine In India, Single Dose To Cost Rs 995.4, Price May Come Down When Local Supply Begins

Indian pharma major Dr. Reddy's Laboratories Ltd today (May 13) announced that the first consignment of imported doses of the Sputnik V vaccine that landed in India on 1st May, 2021, received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May, 2021.

“As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May, 2021. Further consignments of imported doses are expected over the upcoming months.” the company said in an exchange filing.

“Subsequently, supply of the Sputnik V vaccine will commence from Indian manufacturing partners. The imported doses of the vaccine are presently priced at an MRP of Rs 948 + 5% GST per dose, with the possibility of a lower price point when local supply begins.” the company further added

Dr. Reddy's Laboratories also said that it working closely with its six manufacturing partners in India to fulfill regulatory requirements to ensure smooth and timely supply.

“Dr. Reddy's will work closely with stakeholders in the Government and private sector in India to ensure the widest possible reach of the Sputnik V vaccine as part of the national inoculation effort. This is a reaffirmation of the Company's commitment to explore every avenue in the fight against the COVID-19 pandemic in India.” the company added.

G V Prasad, Co-Chairman and Managing Director, said: "With the rising cases in India, vaccination is our most effective tool in our battle against COVID-19. Contributing to the vaccination drive in India is our biggest priority right now to help Indians be healthy and safe.