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Himachal Pradesh-based Panacea Biotec Ltd has got a manufacturing licence for Russia&rsquo;s Sputnik V vaccine which has been cleared for emergency use in the country.</p>
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The licence is for batches of Sputnik V produced at its facilities at Baddi in&nbsp; Himachal Pradesh, the company said in a statement. These batches were earlier shipped to the Gamaleya Center in Russia for quality checks.</p>
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Panacea Biotec said the Indian drugs regulator granted the licence following the company&#39;s collaboration with the Russian Direct Investment Fund (RDIF), the sovereign wealth fund which markets the vaccine internationally.</p>
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<strong>Also read:&nbsp;</strong>&nbsp;<a href="https://www.indianarrative.com/health-news/serum-institute-of-india-too-seeks-nod-to-produce-russia-s-sputnik-v-vaccine-92722.html">Serum Institute of India too seeks nod to produce Russia&rsquo;s Sputnik V vaccine</a></p>
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Sputnik V received emergency use authorisation in India in April this year. The two-dose shot vaccine against Covid-19 was first approved in Russia on August 11 last year. With an efficacy of 91.6%, as published in the Lancet Medical Journal, the vaccine has been cleared and approved for mass use in more than 50 countries.</p>
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Panacea Biotec began production of the vaccine in May-end, and the company plans to produce 100 million doses annually, RDIF said in April.</p>
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The Russian Direct Investment Fund (RDIF) has signed a deal to produce 750 million doses a year of Sputnik V in India. Apart from Panacea and Dr Reddy&rsquo;s Laboratories there are four other Indian pharmaceutical companies that will also manufacture the vaccine.</p>
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<strong>Also read:</strong>&nbsp;&nbsp;<a href="https://www.indianarrative.com/health-news/india-in-talks-with-us-giants-pfizer-moderna-j-j-to-explore-local-production-of-vaccines-92783.html">India in talks with US giants Pfizer, Moderna, J&amp;J to explore local production of vaccines</a></p>
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Sputnik V, has been soft launched in India, with the first dose administered in Hyderabad on May 14. Dr Reddy&rsquo;s Laboratories is the first licensed distributor for the vaccine in India. .</p>
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The vaccine is priced at &#8377;995.40 per shot in the market, but the price is expected to come down once the locally produced shots hit the market.</p>
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The first consignment carrying 150,000 doses of the Sputnik V vaccine had landed in Hyderabad on May 1.</p>
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Over 35 crore vaccine doses have been administered until now as India has ramped up its inoculation drive with free vaccines for all to stave off a potential of a looming third wave The country is reopening cautiously after having been hit by a ferocious second coronavirus wave dominated by the more virulent Delta variant of the virus.</p>
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