Dr Reddy’s administered the first shot of Russia’s Sputnik V vaccine for Covid-19 in Hyderabad, saying the vaccines would be priced at Rs 995.40 (Rs 948 + 5 per cent GST).
The price may reduce when local supply begins, Dr Reddy’s Laboratories, the Indian partner of Russian Direct Investment Fund (RDIF), said.
“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 May 14, 2021,” the company said.
The Company also claimed it is working closely with its six manufacturing partners in India to fulfill regulatory requirements to ensure smooth and timely supply.
The vaccine was granted Emergency Use Authorisation in India (EUA) in April, but the roll-out had not yet begun.
Data from Phase 3 clinical trials has shown that Sputnik V has an efficacy of 91.6 percent. The jab was developed by Russia’s Gamaleya National Research Institute of Epidemiology and Microbiology.