New Delhi: Dr Reddy Laboratories on Friday (May 14) announced that one dose of imported COVID-19 Sputnik V vaccine will cost Rs 995.40. This makes it the costliest vaccine in India as compared to Covishield which is manufactured by the Serum Institute and Covaxin which is being made by Bharat Biotech. “The imported doses of the vaccine are presently priced at an MRP of Rs 948 + 5 per cent GST per dose, with the possibility of a lower price point when local supply begins,” Dr Reddy’s Laboratories said in a statement.
The company also vaccinated its first beneficiary in Hyderabad on the same day. The first batch of the 1.5 lakh COVID-19 vaccine doses has already arrived in the country.
“Further consignments of imported doses are expected over the upcoming months. Subsequently, supply of the Sputnik V vaccine will commence from Indian manufacturing partners,” it added.
With the existing two vaccines m India facing a shortage due to the unprecedented demand all eyes are set on Sputnik V to help India increase its vaccination pace.
Dr Reddy has said that it will work with government and private sector to boost the immunisation [process in the country.
“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,” Dr Reddy’s Co-Chairman and MD G V Prasad said.
The company had partnered with the Russian Direct Investment Fund (RDIF) to conduct the clinical trials of Sputnik V and distribute the vaccine in India in September 2020.
Sputnik V uses two different vectors for the two shots in a course of vaccination.
Its efficacy was determined to be 91.6 per cent as per a published article in the medical journal Lancet.
With inputs from PTI