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Russia to sell 100 million doses of Covid-19 vaccine to India

IndiaTimes Wednesday, 16 September 2020 ()
Russia's sovereign wealth fund said on Wednesday it will supply India's Dr Reddy's Laboratories with 100 million doses of the Sputnik-V vaccine against Covid-19 once it receives regulatory approval. Clinical trials of the Russian vaccine in India are expected to follow, held jointly with the Indian firm. Both the trials and supply deal depends on domestic regulatory approval.
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Equity benchmark indices traded higher during early hours on Friday amid mixed cues from their Asian peers. At 10:15 am, the BSE S-P Sensex was up by 136 points or 0.35 per cent at 39,115 while the Nifty 50 moved up by 56 points or 0.48 per cent at 11,576. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the green with Nifty pharma gaining by 3.8 per cent, realty by 0.9 per cent and auto by 0.7 per cent. Among stocks, Dr Reddy's Laboratories jumped by 4.6 per cent to Rs 5,051.20 per share after the company said it has settled its patent litigation with Celgene for the latter's cancer drug capsules. Cipla ticked up by 5.4 per cent and Sun Pharma by 3 per cent while Oberoi Realty advanced by 2.4 per cent. Eicher Motors, Adani Ports, Tech Mahindra and Wirpo traded with a positive bias. FMCG stocks fell with Hindustan Uniliver slipping by 1.4 per cent, Nestle India by 0.3 per cent and Britannia by 0.2 per cent.

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NIRUPAMACHARJE1

NIRUPAM Dr Reddy's Lab @drreddys must double check before collaborating with the Russian #COVID19 Vaccine #Sputnik V for cl… https://t.co/L117hviRAN 5 hours ago

Mrityun76416996

Mrityunjoy Barman RT @the_hindu: Just in | Russia has signed a deal with Dr Reddy's to test and supply the Sputnik V #vaccine in India. Dr Reddy's to conduct… 12 hours ago

Ashutos44225212

Ashutosh Paul RT @ieexplained: #ExpressExplained | What is the Sputnik V vaccine, and is it likely to come to India anytime soon? @PrabhaRaghavan writes… 15 hours ago

SWillerup

Sarah Willerup Russia COVID-19 Vaccine: Russia To Sell 100 Million Doses Of Sputnik-V Vaccine To Dr Reddy's Lab https://t.co/O9AL2nacSy 23 hours ago

ieexplained

Express Explained #ExpressExplained | What is the Sputnik V vaccine, and is it likely to come to India anytime soon? @PrabhaRaghavan… https://t.co/uztJn1GrSh 1 day ago

deshmukh_dk

Dinesh Deshmukh RT @vikiitd: When large US/EU pharma companies r struggling .. I wonder how Russia is ready with the Sputnik Covid vaccine in such short ti… 1 day ago

login_rameshk

kumar ramesh RT @AtanuDa88541113: Big breaking news on COViD19 vaccine update. Trust this succeeds in normalizing life and livelihood. @DrReddysLabs @I… 1 day ago

vikiitd

Vikas V When large US/EU pharma companies r struggling .. I wonder how Russia is ready with the Sputnik Covid vaccine in su… https://t.co/ZusthfnCih 1 day ago