Corporate News     17-May-21
Shilpa Medicare enters into agreement with Dr Reddys
For production of Sputnik V vaccine
Shilpa Medicare, via its wholly owned subsidiary, Shilpa Biologicals has entered into a 3 year definitive agreement with Dr Reddys Laboratories (DRL) for production-supply of Sputnik V vaccine from its integrated biologics R&D cum manufacturing center at Dharwad, Maharashtra.

The targeted production of the dual vector Sputnik V for the first 12 months is 50 million doses (50 million of Component 1 and 50 million of component 2), from the date of start of commercial production.

DRL has partnered with HVIRDIF for clinical development of the vaccine and has distribution rights in geographies including India. DRL will facilitate the transfer of the sputnik technology to SBPL. Under the agreement, SBPL will be responsible for manufacture of the vaccine, while DRL is responsible for distribution/marketing of the vaccine in its marketing territories.

The companies are also exploring the option to manufacture Sputnik Light, a single dose version of the vaccine in the near future.

The company views Biologics as a strategic growth area and has made significant investments in setting up a High end, Flexible Biologics facility in Dharwad to cater to the requirements of the fast growing biologics field, that include the adenoviral, subunit & DNA vaccines, Monoclonal antibodies & fusion proteins.

Previous News
  Indices trade with minor losses; bank shares under pressure
 ( Market Commentary - Mid-Session 24-Jul-24   11:32 )
  Unicycive enters into manufacturing and supply agreement with Shipla Medicare
 ( Corporate News - 04-Jul-24   18:55 )
  Shilpa Medicare consolidated net profit declines 46.54% in the June 2022 quarter
 ( Results - Announcements 12-Aug-22   08:12 )
  Shilpa Biologicals receives first international market approval for Adalimumab
 ( Corporate News - 23-Jul-24   17:41 )
  Shilpa Medicare to declare Quarterly Result
 ( Corporate News - 07-Nov-23   14:09 )
  Shilpa Medicare's Unit IV clears inspection by Brazilian Health Authority - ANVISA
 ( Corporate News - 25-Aug-23   13:51 )
  Shilpa Medicare gains after TGA Australia clears GMP inspection of Telangana facility
 ( Hot Pursuit - 17-Oct-23   15:33 )
  Shilpa Medicare consolidated net profit rises 38.82% in the June 2023 quarter
 ( Results - Announcements 10-Aug-23   15:44 )
  Shilpa Medicare's Unit IV clears GMP inspection of Australian regulatory
 ( Corporate News - 17-Oct-23   14:35 )
  Shilpa Medicare consolidated net profit declines 98.16% in the June 2021 quarter
 ( Results - Announcements 14-Aug-21   17:05 )
  Shilpa Medicare's Telangana facility clears ANVISA, Brazil inspection
 ( Hot Pursuit - 25-Aug-23   12:25 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top