Strides#39; biotech division Stelis to make 200 million doses of Russia#39;s Sputnik V vaccine

Stocks

The parties intend to commence supplies from Q3 2021. Stelis will also continue to work with Russia’s sovereign wealth fund RDIF to provide additional supply volumes beyond the initial agreement.

(Image: Reuters)

(Image: Reuters)

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Stelis Biopharma, the biotech division of Strides Pharma on March 19 announced that it has partnered with Russia’s sovereign wealth fund RDIF to produce and supply a minimum of 200 million doses of Sputnik V vaccine.

The agreement between RDIF and Stelis Biopharma was reached under the aegis of Enso Healthcare LLP, RDIF’s coordination partner for sourcing Sputnik V vaccines in India.

The parties intend to commence supplies from Q3 2021. Stelis will also continue to work with the RDIF to provide additional supply volumes beyond the initial agreement.

Moneycontrol in February reported that Strides Pharma is in advanced talks for a COVID-19 vaccine manufacturing deal.

With the latest deal, Sputnik V has agreements in place to produce about 800 million doses in India.

Early this week, the company announced a partnership with Hyderabad-based Gland Pharma to produce 252 million doses. It has a partnership with Dr Reddy’s and Hetero to produce 250 million and 100 million doses each.

Dr Reddy’s is conducting local clinical trials of the vaccine. The company also sought emergency use authorisation approval last month. The drug regulator, however, asked the company to provide immunogenicity data.

Sputnik V, the world’s first registered vaccine against the novel coronavirus infection, is now approved for use in over 50 countries.

“We are delighted to announce our agreement with Stelis Biopharma for a significant capacity of Sputnik V,” said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

“The significant vaccine volumes which will be produced jointly with Stelis will help to widen access to the vaccine on a global scale,” Dmitriev said.

Arun Kumar, Founder of Strides Group, said the company will work with RDIF to increase the availability of the vaccine beyond our initial commitments.