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Pharma Tech Outlook | Tuesday, April 06, 2021
Enso Healthcare LLP (part of the Enso Group), RDIF’s coordinating partner for sourcing Sputnik V vaccines in India, facilitated the agreement between RDIF and Stelis Biopharma.
FREMONT, CA : The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and Stelis Biopharma, Strides’ biopharmaceutical division, have collaborated to produce and supply a minimum of 200 million doses of the Russian Sputnik V coronavirus vaccine, enough to vaccinate 100 million people. Enso Healthcare LLP (part of the Enso Group), RDIF’s coordinating partner for sourcing Sputnik V vaccines in India, facilitated the agreement between RDIF and Stelis Biopharma.
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Kirill Dmitriev, the CEO of the Russian Direct Investment Fund, said: “We are delighted to announce our agreement with Stelis Biopharma for a significant capacity of Sputnik V. The Russian vaccine with efficacy of 91.6% is one of the best vaccines against coronavirus in the world. The significant vaccine volumes which will be produced jointly with Stelis will help to widen access to the vaccine on a global scale.”
The world’s first licensed vaccine against the novel coronavirus infection, Sputnik V, is now approved for use in more than 50 countries. Sputnik V is a two-dose vaccine that employs two separate human adenoviral vectors during the vaccination process. A peer-reviewed study published in the respected medical journal The Lancet found that the vaccine has a 91.6 percent efficacy rate, which was supported by a peer-reviewed study that found the vaccine to have a clear and high protective impact across all participant age ranges. The parties expect to start supplying in the third quarter of 2021. Beyond the initial agreement, Stelis will continue to collaborate with the RDIF to provide additional supply volumes.
“We are delighted to partner with RDIF to make a substantial contribution towards providing global supply of the Sputnik V vaccine which is one of the most efficacious approved vaccines commercially available. We will also work with RDIF to increase the availability of the vaccine beyond our initial commitments,” said Arun Kumar, Founder of Strides Group.
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