Skip to content
Search

Latest Stories

India's Hetero to produce 100m doses of the Russian Sputnik V Covid-19 vaccine

INDIAN drug firm Hetero will produce 100 million doses of the Russian Sputnik V Covid-19 vaccine per year, the Russian Direct Investment Fund (RDIF) said on Friday(27).

It added that the production is expected to start in early 2021.


The RDIF statement said Phase II-III clinical trials were still under way in India. Trials to gauge safety and efficacy of the vaccine are also continuing in Russia.

The phase III clinical trials of the vaccine were also under way in Belarus, the UAE, Venezuela and other countries.

Russian authorities, however, gave Sputnik V their regulatory approval under an accelerated procedure in August.

"While we look forward to the clinical trial results in India, we believe that manufacturing the product locally is crucial to enable swift access to patients," said B Murali Krishna Reddy, Hetero's director of international marketing.

Another Indian drugmaker, Dr Reddy's Laboratories Ltd , is conducting clinical trials of Sputnik V in India, and has said it expects late-stage trials to be completed by March 2021.

RDIF has spoken of Dr Reddy's being involved with distribution once Sputnik V gets regulatory approval in India.

Kirill Dmitriev, RDIF head, said earlier this week that Moscow and its foreign partners had the capacity to make more than a billion doses of Sputnik V starting from next year -- enough to vaccinate over 500 million people -- and that it would cost under $20 per person on international markets.

Besides India, the Sputnik V vaccine will also be produced in Brazil, China and South Korea.

The RDIF and the Gamaleya National Center has recently claimed that interim clinical trial data had shown that Sputnik V was 91.4 per cent effective on day 28 and over 95 per cent effective on day 42.

India's tally of Covid-19 infections stands at 9.27 million, the second-highest in the world after the US, with more than 135,000 deaths.

More For You

Starmer and Modi

Starmer and Modi shake hands during a bilateral meeting in the sidelines of the G20 summit at the Museum of Modern Art in Rio de Janeiro, Brazil Brazil, on November 18, 2024. (Photo: Getty Images)

Getty Images

UK and India finalise free trade agreement after three years of talks

INDIA and the United Kingdom on Tuesday concluded a long-awaited free trade agreement after three years of negotiations. The deal, finalised in the context of past US tariff actions under president Donald Trump, is the most significant trade pact for the UK since it left the European Union.

The agreement between the world’s fifth and sixth largest economies aims to increase bilateral trade by £25.5 billion by 2040 through improved market access and eased trade restrictions.

Keep ReadingShow less
WhatsApp ends support

Switching to a newer device is now the only way to retain access to WhatsApp

iStock

WhatsApp ends support for these smartphone models from May 5

Some iPhone users will lose access to WhatsApp features including messaging, voice and video calls from 5 May, as the platform ends support for certain older devices.

The Meta-owned messaging service has confirmed it will now only support iPhones running iOS 15.1 or later. As a result, three older Apple devices — the iPhone 5s, iPhone 6, and iPhone 6 Plus — will no longer be able to run the app after the update takes effect.

Keep ReadingShow less
Air India’s success takes flight on women’s wings

On International Women’s Day 2025, Air India operated flights with all-women teams across the air and on the ground

Air India’s success takes flight on women’s wings

ON A recent Air India flight from Heathrow to Delhi in a brand new Airbus A350, a routine announcement from the flight deck said the aircraft was under the command of Neelam Ingale and Ruhani Dogra.

One of the female members of the cabin crew was surprised that Eastern Eye was surprised that both the pilot and co-pilot were women. This was nothing unusual, she indicated.

Keep ReadingShow less
World Bank backs upgrade of Bangladesh port

Chittagong’s Bay Terminal project aims to expand port capacity and boost export efficiency

World Bank backs upgrade of Bangladesh port

BANGLADESH and the World Bank last Wednesday (23) signed two financing agreements worth $850 million (£634.1m) to strengthen the country’s trade capacity, create jobs, and modernise its social protection system, the Washington-based global lender said.

The bulk of the funding – a sum of $650m (£484.8m) – will support the Bay Terminal Marine Infrastructure Development Project, an initiative to expand and modernise port facilities in the southeastern district of Chittagong. The project will include constructing a 6-km (3.7-mile) climate-resilient breakwater and access channels, allowing the port to accommodate larger vessels. This is expected to sharply reduce turnaround times, lower transportation costs, and boost Bangladesh’s export competitiveness.

Keep ReadingShow less
Adani Group

A logo of the Adani Group is seen on a commercial complex in Mumbai.

Reuters

India’s market regulator accuses Adani nephew of insider trading

THE Securities and Exchange Board of India (SEBI), India’s market regulator, has accused Pranav Adani, director of several Adani group companies and nephew of Gautam Adani, of sharing unpublished price sensitive information in violation of insider trading rules, according to a document reviewed by Reuters.

SEBI sent Pranav Adani a notice last year alleging that he shared details about Adani Green's 2021 acquisition of SB Energy Holdings with his brother-in-law before the deal was made public, a source and the SEBI document said.

Keep ReadingShow less