First Dose Administered at Rs 995 Sputnik V

15 May 2021 Current Affairs:On May 14, 2021, Dr Reddy’s laboratory announced that it had launched Sputnik V in India. The vaccine is imported from Russia and distributed by Dr Reddy’s laboratory. 

♦ Currently, Sputnik V is the second most expensive COVID-19 vaccine in the country. The price of a dose of Sputnik V is 995 rupees. The cost of the COVISHIELD vaccine is 400 rupees per dose. It is reduced to 300 rupees per dose. It is made locally by the Serum Institute of India.
♦ The state government costs 600 rupees per dose of COVAXIN, while private hospitals cost 1,200 rupees.
♦ Sputnik V was developed by the Moscow Gamleya Institute of Epidemiology and Microbiology.
♦ These are two doses of vaccine. However, a single-dose Sputnik V vaccine was recently produced in Russia. It is called a single light dose of an artificial satellite. India only manages double-dose Sputnik V.
♦ Although COVISHIELD is weakened by the common cold adenovirus that affects chimpanzees, Sputnik V was created using a different human adenovirus.
♦ The efficacy of the vaccine is 91%. The first dose of Sputnik V was taken in Hyderabad.
♦ Dr Reddy’s laboratory has received 150,000 doses of Sputnik V from Russia. India (that is, Dr Reddy) signed an agreement with the Russian Direct Investment Fund to accept 250 million doses. This is enough to vaccinate 125 million people in the country. Russia’s RDIF is responsible for signing the agreement for the supply of satellite V.
♦ The price of the imported vaccine is 948 rupees per dose. However, the cost of the vaccine has been increased to 995.40 rupees per dose, including 5% GST. Recently, several state governments have asked for exemption of excise tax on vaccines. In this regard, the Finance Minister has clearly explained that doing so will increase vaccine prices.

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