The firm additionally stated the imported vaccine has been priced at Rs 948 per dose with an extra 5% GST to be charged on it, placing the value at round Rs 995.four, slightly below Rs 1000 a dose.
“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 corporate stated in a regulatory submitting with the bourses.
“The imported doses of the vaccine are presently priced at an MRP of Rs 948 + 5% GST per dose, with the potential of a cheaper price level when native provide begins,” it stated.
The firm stated that the primary first consignment of imported doses of the Sputnik V vaccine, that landed in India on May 1, 2021, acquired regulatory clearance from the Central Drugs Laboratory, Kasauli, on May 13, 2021.
According to Dr Reddy’s additional consignments of imported doses are anticipated over the upcoming months and subsequently, provide of the Sputnik V vaccine will start from Indian manufacturing companions.
“The company is working closely with its six manufacturing partners in India to fulfill regulatory requirements to ensure smooth and timely supply. Dr Reddy’s will work closely with stakeholders in the government and private sector in India to ensure the widest possible reach of the Sputnik V vaccine as part of the national inoculation effort,” the corporate stated.
Dr Reddy’s co-chairman & managing director G V Prasad stated: “With the rising circumstances in India, vaccination is our only software in our battle towards Covid-19. Contributing to the vaccination drive in India is our largest precedence proper now to assist Indians be wholesome and secure.”